Depression Flashcards
Hundred days
March 9-June 16 1933
FDR calls emergency session of congress and they crank out a shit ton of progressive legislature
Three Rs=recovery, relief, and reform
Dig? Created both short term and long term relief and instilled hope in Americans
Reconstruction finance corporation
Set up by Hoover, government lending bank for struggling businesses, farm associations, and local govts
Sig? Helped a little but people wanted direct aid
Brain trust
FDR hires smart college students to come up with how to solve the depression
Sig? They come up with a three pronged attack- the three r’s (recovery, relief, and reform)
AAA (agricultural adjustment administration)
Restored prices to high “parity prices” and paid growers to reduce their acreage
Paid for by taxes on farm products
Sig? Unpopular because it caused unemployment and wasteful destruction of food. Killed by SC in 36
Huey Long
A demagogue who promised to make “every man a king”
Became a LA senator in 1930
Sig? Shows that hard times and unemployment tend to lead to the rise and public support of dictators even in US
Work Progress Administration (35)
Spent $11B to provide 9M jobs on public works like bridges, buildings, art, etc
Sig? Lowers unemployment and popular unrest, raises self-respect of common people
Fair Labor Standards Act
Forced industries involved in interstate commerce to set min wage and max hours and forbid labor by children under 16
Sig? Encouraged people to join unions- by 1940 CIO had a million members
John L Lewis
Is lured by Wagner Act, which cemented right to unionize, Lewis formed Committee for Industrial Organization (CIO) of unskilled workers
Started a successful sit down strike at GM and won bargaining rights with US steel
Sig? Inspired even more people to join unions- by 1940 the CIO had 4 million members including 200,000 blacks. However they did kind of have a civil war with conservative AFL
Raw deal
Many opposers of the ND advocated for a raw deal in which people worked to get themselves out of the depression instead of the govt providing aid
Also ND was accused of being a band aid solution that would not actually fix the depression, just increase the debt
Sig? After the 36 election (super big landslide in favor of FDR) his public support declines significantly