Chapter 32 Flashcards
Brain Trust
Specialists in law, economics, and welfare, many of them young university professors, who advised President Franklin D. Roosevelt and helped develop the policies of the New Deal.
New Deal
The economic and political policies of Franklin Roosevelt’s administration in the 1930s, which aimed to solve the problems of the Great Depression by providing relief for the unemployed and launching efforts to stimulate economic recovery. The New Deal built on reforms of the progressive era to expand greatly an American-style welfare state.
Hundred Days (1933)
The first hundred days of Franklin D. Roosevelt’s administration, stretching from March 9 to June 16, 1933, when an unprecedented number of reform bills were passed by a Democratic Congress to launch the New Deal.
Glass-Steagall Banking Reform Act (1933)
A law creating the Federal Deposit Insurance Corporation, which insured individual bank deposits and ended a century-long tradition of unstable banking that had reached a crisis in the Great Depression.
Civilian Conservation Corps (CCC) (1933)
A government program created by Congress to hire young unemployed men to improve the rural, out-of-doors environment with such work as planting trees, fighting fires, draining swamps, and maintaining national parks. The CCC proved to be an important foundation for the post-World War II environmental movement.
National Recovery Administration (NRA) (1933)
Known by its critics as the “National RunAround,” the NRA was an early New Deal program designed to assist industry, labor, and the unemployed through centralized planning mechanisms that monitored workers’ earnings and working hours to distribute work and established codes for “fair competition” to ensure that similar procedures were followed by all firms in any particular industrial sector.
Agricultural Adjustment Administration (AAA)(1933)
A New Deal program designed to raise agricultural prices by paying farmers not to farm. It was based on the assumption that higher prices would increase farmers’ purchasing power and thereby help alleviate the Great Depression.
Dust Bowl
Grim nickname for the Great Plains region devastated by drought and dust storms during the 1930s. The disaster led to the migration into California of thousands of displaced “Okies” and “Arkies.”
Tennessee Valley Authority (TVA) (1933)
One of the most revolutionary of the New Deal public works projects, the TVA brought cheap electric power, full employment, low-cost housing, and environmental improvements to Americans in the Tennessee Valley.
Social Security Act (1935)
A flagship accomplishment of the New Deal, this law provided for unemployment and old-age insurance financed by a payroll tax on employers and employees. It has long remained a pillar of the “New Deal Order.”
Wagner Act (1935)
Also known as the National Labor Relations Act, this law protected the right of labor to organize in unions and bargain collectively with employers and established the National Labor Relations Board to monitor unfair labor practices on the part of employers. It’s passage marked the culmination of decades of labor protest.
Fair Labor Standards Act (1938)
Important New Deal labor legislation that regulated minimum wages and maximum hours for workers involved in interstate commerce. The law also outlawed labor by children under sixteen. The exclusion of agricultural, service, and domestic workers meant that many blacks, Mexican Americans, and women-who were concentrated in these sectors- did not benefit from the act’s protection.
Congress of Industrial Organizations (CIO)
A New Deal-era labor organization that broke away from the American Federation of Labor (AFL) in order to organize unskilled industrial workers regardless of their particular economic sector or craft. The CIO gave a great boost to labor organizing in the midst of the Great Depression and during World War II. In 1955, the CIO merged with the AFL.
Court-packing plan (1937)
Franklin Roosevelt’s politically motivated and ill-fated scheme to add a new justice to the Supreme Court for every member over seventy who would not retire. His objective was to overcome the Court’s objections to New Deal reforms.
Keynesianism
An economic theory based on the thoughts of British economist John Maynard Keynes, holding that central banks should adjust interest rates and governments should use deficit spending and tax policies to increase purchasing power and hence prosperity.
