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
What does the TVA stand for?
Tennessee Valley Authority
What did the TVA do?
They built dams along the Tennessee River
What did the AAA stand for?
Agricultural Adjustment Act
AAA was a _____________ legislation
New Deal
What was the goal of the AAA?
To cut agricultural production and forcing prices to increase
The AAA paid formers to __________________
NOT grow crops
The AAA also made farmers not grow on _____________
An allotment
What was an allotment?
Part of the farmers’ land
What did farmers do to qualify to the goal of the AAA?
They slaughtered animals and destroyed crops
(National Recovery Administration)
Unlike farmers, industry already ______________
Cut production
What was the goal of the National Recovery Administration?
To stabilize industry and maintain workforce
What did the National Recovery Administration encourage?
Encouraged industry to voluntary adopt codes for better working conditions, set prices and minimized competition
The National Recovery Administration lessened _____________
Anti-trust legislation
What did National Recovery Administration encourage CONSUMERS to do?
To purchase NRA code
What did some protests in the countryside argue?
That AAA favored wealthy farmers
Farmers who _________ would not qualify to AAA.
Rented
Many farmers became __________ workers
Migrant
What did John Steinback write?
Grapes of Wrath
Opposition to the New Deal took two forms:
- Political Right- the N.D. had gone too far; resented the creation of regulations, new taxes and unions
- Political Left- the N.D. had not gone far enough; resented the alleged favoritism to big business and the lack of regulation