FDR Domestic Policies Flashcards
When was the AAA set up and why?
1933, to stop over production
What years was FDR president?
1933-1945
How many acres of crops were ploughed over as part of the AAA and how many piglets were bought and killed?
10.5 million acres of land, 6 million piglets
How much did total farm income rise to from 1932 and 1935?
$4.5 billion in 1932 to $6.9 billion in 1935
When was the Tennessee Valley Authority set up and why?
1933, to deal with poverty in Tennessee Valley
How many dams did the TVA build?
20 dams were built to control the floods that periodically affected the area
Emergency Banking Relief Act
1933, gave the treasury the power to investigate all banks which restored confidence
Glass-Steagall Act
1933, increased the regulation of banks
What is an example of the Glass Steagall Act 1933?
Only certain banks could invest in the stock market
Individual deposits of up to how much were insured and what act was this part of?
$2500, Glass-Steagall Act
Why was the NRA set up?
To help industrial recovery
How did the NRA attempt to help industrial recovery? How successful were they?
Temporarily lifted anti-trust measures, introduced codes of practice such as higher minimum wage - very few were successful
How did the Public Works Administration attempt to boost the economy?
Pumped money into public works to boost the economy
As part of the PWA, how much money was invested to build how many schools and miles of road?
$3.3 billion invested to build 13,000 schools and 50,000 miles of road
Federal Emergency Relief Act 1933
Gave $500 million to states to provide welfare for the unemployed
Why were states reluctant to take money to help the unemployed?
They were reluctant due to rugged individualism
What was the CCC and when was it set up?
Civilian Conservation Corps 1933
Who could be a part of the CCC?
Unemployed men aged 17-24
Where did members of the CCC work and how many trees did they plant?
Worked in national parks and planted 1.3 billion trees
Why did FDR win the 1932 election?
Failures of hoover, FDR charisma and the use of the media (radio fireside chats), new deal promises
The AAA ploughing land under caused the price of cotton per pound to rise to what in 1933?
$6.6 to $10 cents
How many man hours did the CCC spend fighting forest fires?
4.1 million
1934 Indian Reorganisation Act
Gave federal funds to tribes to buy new land
How many people did the Public Works Administration employ?
100,000
What did the Civil Works Administration do?
Provided emergency relief to the unemployed over the winter of 1933 to 1934
How many people did the Civil Works Administration put to work?
4 million
How successful was the Civil Works Administration?
Unsuccessful as it closed in March and unemployment and social problems still persisted
Truth in Securities Act 1933
Required brokers to offer clients information about the securities they were selling
Securities Act 1934
Securities Exchange Commission oversaw stock market to prevent fraud
Silver Purchase 1934
Raise prices by introducing silver into coinage
How much did the dollar’s value fall to and what did this cause?
85 cents causing an increase in prices
How successful were the Glass Steagull Act 1933, Truth in Securities Act 1933, and the Securities Act 1934?
Very successful due to self funding
How successful was the National Recovery Administration?
Unsuccessful as it didn’t cause economic recovery but allowed businesses to engage in unfair business practices
