Chapter15 Flashcards
Who won the 1932 presidential election. Why?
FDR. Americans were clearly ready for change.
Who was FDR
He was a governer and a reform minded leader. He worked to combat the problems of unemployment, poverty, he projected an air of friendliness. He beat Hoover by 7 million votes.
Although FDRs inaguration was not until March, what did he do?
Made his brain trust- a team of advisors and started pondering over his New Deal policies
What was the first hundred days.
Period lasting from March 9-June 16 Roosevelt signed many (15) pieces of legislation
On March 5, what did Roosevelt do?
Declared a bank Holiday
What was the emergency banking act?
Allowed the treasury Department to inspect the country’s banks. Those that were sound would remain open and those that were not would close
On March 12, what did Roosevelt give.
His first fireside chat/
Glass Steagall Act
of 1933 established the Federal Deposit Insurance Corporation that provided fed. insurance for individual bank accounts of up to 5,000 reassuring millions of bank customers that their mone was safe
Federal Securities Act
1933 required coporations to provide complete information on all stock offerings and made them liable for any misinterpretations.
Securities and Exchange commission (SEC)
to regulate the stock market. Prevented rigging in the stock market.
Agricultural Adjustment Act
sought to raise crop prices by lowering poduction which the government achieved by paying farmers to leave a certain amount of every land unseeded. The theory is that it would increase prices. WAS CONTROVERSIAL
The Tennessee Valley Authority
focused on the badly depressed tennesse river valley. It renovated five existing dams and constructed 20 new ones. Created many jobs
The Civilian conservation Corps
put young men aged 18-25 to work in natural jobs helping the soil. they stayed in camps and got free food.
The Public Works Administration was part of the _ which did _
National Industrial Recovery Act: provided money to states to create jobs chiefly in construction of schools and other comunity buildings
The Civil Works Admin provided
work
