Chapter 24 Flashcards
What disease did Franklin D. Roosevelt catch in 1921 and what did it do?
He caught polio and it paralyzed both his legs
Franklin D. Roosevelt came from _________ background
A wealthy
Franklin D. Roosevelt believed that ____________ to save the economy
Government should intervene
Franklin D. Roosevelt had vast political experience, like what?
NY state legislature, assistant secretary of the Navy, governor of New York and Vice Presidential candidate
Who was Franklin D. Roosevelt’s distant cousin?
Theodore Roosevelt
Franklin D. Roosevelt had a 1932 election victory due to rearrangement of the Democratic Party-
New Deal (“Roosevelt”) coalition
Political coalition supporting Franklin D. Roosevelt and ______________
The Democratic Party
Who did the political coalition include?
Farmers, factory workers, immigrants, urbanites, women, African Americans and Progressives
What was Franklin D. Roosevelt philosophy and approach?
Increase the governments involvement in the economy
Franklin D. Roosevelt pledged __________ for the American people
A “new deal”
What were the goals of the “new deal”?
Relief
Recovery
Reform
Four features of the new approach of the Roosevelt administration:
1) “fireside chats”
2) reliance upon a “brain trust” of experts
3) concern for the “forgotten man”
4) rejection of laissez faire: “the nation asks for action now”; “above all, try something”; “bold, persistent experimentation”
What are “fireside chats”?
Use of the radio
Theory:
Root cause of the economic problems=
Underconsumption
Factories and farms producing _________
Too much
Need to provide jobs to give consumers money to __________
Buy goods
What does FDIC stand for?
Federal Deposit Insurance Corporation
FDIC was a ____________ body
Regulatory
What did the FDIC guarantee?
Guarantees federal government would reimburse bank depositors if the bank failed
What was the goal of FDIC?
They attempted to restore confidence in banks
What did the CCC stand for?
Civilian Conservation Corps
What was the CCC?
A federal relief program
What did the CCC provide?
Jobs to millions of young people and women
The CCC worked ____________ projects
Conservation