FDR's key acts, 1933-45 Flashcards
In what year did FDR begin his New Deal programme
1932 when he was elected president
When was the First New Deal
1933-35
What was the Agricultural Adjustment Act, May 1933?
That the govt would subsidise farmers to reduce their acreage and production voluntarily. By producing less, the cost of food would increase and so would farmers incomes
What does the AAA stand for and why was it set up
Agricultural Adjustment Administration. It was a new agency that would pay farmers to reduce their production of staple items, initially corn, cotton, milk, pork, rice, tobacco, and wheat. It was to be self financing through a tax placed on companies that processed food.
When was the Tennessee Valley Authority set up and what was the reason
In May 1933.
To deal with the underdevelopment and poverty in the Tennessee Valley. It was created to harness the power of the River Tennessee, which ran through seven of the poorest states in the USA.
What was the purpose of the Emergency Banking Relief Act, 6 March 1933
To restore confidence in the American banking system. It gave the treasury power to investigate all banks threatened with collapse
What was authorised to buy banks stock to support them and to take on many of their debts, causing them to be the largest bank in the world
The Reconstruction Finance Corporation
What was the purpose of the 1933 Glass-Steagall Act
It forced commercial banks to refrain from investment banking activities in order to protect depositors from potential losses caused by bank speculation in stocks. It was passed as an emergency measure to counter the failure of banks during the Great Depression. It prohibited commercial banks from participating in the investment banking business.
What was the Truth-in-Securities Act of 1933
It was one of 2 acts to ensure the excesses of the 1920s which had caused the Wall St Crash were not repeated. An act which required brokers to offer clients realistic information about the securities they were selling.
What was the Securities Act 1934
It was one of 2 acts to ensure the excesses of the 1920s which had caused the Wall St Crash were not repeated. It set up a new agency (The Securities Exchange Commission). Its task was to oversee stock market activities and prevent fraudulent activities such as insider dealing as in the bull pool
Name the two parts of the National Industry Recovery Act, June 1933
- National Recovery Administration (NRA)
- Public Works Administration (PWA)
What agency was created in November 1933 to create employment
The Civil Works Administration
What was the purpose of the Federal Emergency Relief Act, May 1933
The act established the Federal Emergency Relief Administration. It was given $500 million to be divided equally among the states to help provide for the unemployed. Half the money was to be granted to states for outright relief. With the remainder, the Government would pay each state $1 dollar for every $3 dollar it spent on relief.
What was the Civillian Conservation Corps, 1933
It gave countless young men, partivularly those from the cities, a new self respect and valuable experience of both comradeship and life in the great outdoors- to tackle unemployment amongst the youth
When do historians believe the second new deal occurred
1935
What was the Works Progress Administration
It recruited people for public works projects