FDR Domestic Policies (1932-45) “New Deal” Flashcards
When was the AAA set up and what did it do?
1933 - set up to stop over production
What did the AAA do?
10.5 million acres of land ploughed over (sharecroppers lost their jobs) 6 million piglets bought and killed.
What was the income of the AAA?
Total farm income rose from $4.5 billion in 1932 to $6.9 billion in 1935
When was the TVA set up and why?
1933 - set up to deal with poverty in the Tennessee Valley,
How many dams were built by the TVA?
20
When was the Emergency Banking Relief Act passed and what did it do?
1933 - gave the treasury the power to investigate all banks - restored confidence
Glass-Steagall Act
1933 - increased regulation of banks e.g. only certain banks could invest in the stock market, individual deposits of up to $2500 were insured
NRA
Set up to help with industrial recovery: temporarily lifted anti-trust measures, introduced codes of practice such as higher minimum wage, but very few were successful
PWA
Pumped money into public works to boost the economy, $3.3 billion dollars was initially invested to build 13,000 schools, 50,000 miles of road
Federal Emergency Relief Act 1933
Gave $500 million to states to provide welfare for the unemployed (many states were reluctant)
CCC
1933 - for unemployed men aged 17-24 - worked in national parks, planted 1.3 billion trees
WPA (Second New Deal)
Recruited more people for public works projects, 2 million employers by 1941 (wages were kept lower than industries as not to compete for workers)
Wagner Act 1935 (Second New Deal)
Guaranteed workers the rights to collective bargaining, gave increased rights to unions
Social Security Act 1935 (Second New Deal)
Provided pensions (but not until after 1940) provided unemployment benefits at a maximum of $18 per week for 16 weeks only
Banking Act 1935 (Second New Deal)
The banks were centralised, the control of banks moved from New York to Washington and it came under government control
