FDR & the New Deal Flashcards
Though FDR is wealth, because gets polio and it helps him understand what?
How the great depression effects the common man
what was FDR’s goal
to fix the great depression
what happened before FDR became president
Bank collapses before he gets into office/5 months
what was hoovers reaction to the bank collapse?
he did nothing
Because Hoover did nothing when the bank collapsed before FDR became president, this caused what?
20th amendment
what is the 20th amendment
moved inauguration to Jan 20th
who created the 1st 100 days
FDR
what is the 1st 100 days
Focused around New Deal to help end Great Depression
what are the 3 R’s to the 1st 100 days
Recovery, Relief, and Reform
recovery:
- closes all banks for 4 days, no banks can close
- Emergency banking act
- Repeal prohibition
- Cuts amount of gold and dollar back
Emergency banking act
government has more power over banks
FDIC
if bank goes out of business you get your money back (more trust in banks)
what was the point of a dollar being practically worthless?
it would get people to spend more money
NRA
Supreme Court doesn’t approve
Relief
- CCC
- NYA
- WPA
CCC
jobs for young people to send money home
NYA
give students jobs so they can go to school/work
WPA
anyone who needs a job gets one
Reform:
- Tennessee Valley
- AAA
Tennessee Valley
TVA was an electric company, built dams, lakes, public recreation, wants tourism
AAA - agricultural adjustment administration
Helps farmers by paying them not to grow, farmers make money and drives food prices up
