First New Deal Flashcards
What were the 3 main catergories in the First New Deal?
Confidence
Finance and Economy
Alphabet Agencies
How did Roosevelt use confidence with the use of ABOLISHED PROHIBITION to keep the American public on his side?
ABOLISHED PROHIBITION - This restored faith in the government because it stopped the humiliation of the laws being openly ignored.
How did Roosevelt use confidence with the use of FIRESIDE CHATS to keep the American public on his side?
FIRESIDE CHATS - FDR used radio broadcasts called ‘fireside chats’ and made sure ervyone who sent him a letter got a reply and that anyone who phoned the white house never got cut off.
How did Roosevelt use confidence with the use of BANK HOLIDAY to keep the American public on his side?
BANK HOLIDAY - The Emergency Banking Act closed the banks for 4 days, the government checked that all were financially stable and reopened. This restored confidence in the banks and people deposited their money there.
How did Roosevelt use confidence with the use of STOCK EXCHANGE to keep the American public on his side?
STOCK EXCHANGE -The Securities and Exchange Commision introduced rules for the Stock Exchange to prevent another crash.
How did Roosevelt use finance and economy with the use of BUDGET to make the economy more stable?
BUDGET - He did not spend more than he gathered in taxes. He cut the pay of government employees by 15% and borrowed hugh amounts of money to finance the New Deal, but spent it on projects that were planned to pay it back.
How did Roosevelt use finance and economy with the use of BANKRUPTICES to make the economy more stable?
BANKRUPTICES - The Farm Act and the Bankruptcy Act prevented banks from closing failing businesses until they had to borrow from the Federal Reserve.
How did Roosevelt use finance and economy with the use of PRICES nad WAGES to make the economy more stable?
PRICES and WAGES - The Agricultural Adjustment Act (AAA) paid farmers to take feild out of production; the idea of this was to stop over production.
The NRA (National recovery Administration) was set up, where business men joined a ‘Roll of Honour’ where they promised to cut production and pay good wages - 2.5 million firms, employing 22 million people joined.
FDR also abolished child labour
How did Roosevelt use finance and economy with the use of CURRENCY to make the economy more stable?
CURRENCY - FDR stopped people owing gold (they had to deposit it in banks) and made the banks give all gold to the government, he price of gold increased from $20 to $35 an ounce.
This stopped people saving thei money and increased the amount of government reserves.
What are the 4 main alphabet agencies?
CCC (Civilain Conservation Corps)
FERA (Federal Emergency Relief Aministration)
WPA (Works Progress Administration)
TVA (Tennessee Valley Authority)
What did the CCC do?
Provided paid conservation work to give unemployed young men by 1941 2.5 million had taken part plus millions of trees planted/parks devloped and forest areas developed
What did the FERA do?
Provided matched funding to help states organise payments to the unemployed and homeless
What did the WPA do?
Ran projects which provided work for the unemployed building airports, schools, hospitals and bridges - millions earned a samll wage and felt valuable.
What did the TVA do?
Built 21 dams in 10 years - stopped flooding, provided cheap electricity and provided work
