Great Depression Flashcards

0
Q

CCC

A

aimed at over two million unemployed unmarried men between the ages of 17 and 25. Mostly African American. CCC participants left their homes and lived in camps in the countryside. military style disciple. hard labor

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1
Q

FDIC

A

Federal Deposit Insurance Corporation: depositors in member banks were given the security of knowing that if their bank were to collapse, the federal government would refund their losses

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2
Q

AAA

A

Agricultural Adjustment Association. farmers produced less, the prices of their crops and livestock would increase. 7 basic farming products: wheat, cotton, corn, tobacco, rice, hogs, and milk.

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3
Q

TVA

A

Tennessee Valley Authority: Funds were authorized to build 20 new dams and to teach residents better soil management. The hydroelectric power generated by the TVA was sold to the public at low prices

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4
Q

SEC

A

Securities and Exchange Commission: created to watch the stock market

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5
Q

USHA

A

United States Housing Authority: began government-owned low-income housing projects.

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6
Q

WPA

A

Works progress administration. largest relief program of all. employed nearly 9 million Americans before its expiration. Americans of all skill levels were given jobs to match their talents. Mostly construction jobs

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7
Q

RFC

A

Reconstruction Finance Corp. distributed half billion dollars for loans to banks, corporations, and state governments.
example of the RFC: Golden Gate Bridge was built because of RFC

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8
Q

Smoot Hawley

A

High tariff. Forced countries to stop trading

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9
Q

Francis Perkins

A

First female cabinet.

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10
Q

Huey P Long

A

Share Our Wealth. proposed a 100% tax on personal fortunes exceeding a million dollars

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11
Q

Court packing

A

Add more appts in Supreme Court

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12
Q

HOLC

A

Mortgage. Homeowner

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13
Q

Social security

A

Money for disabled and old people

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14
Q

Dust bowl

A

Dust storms and migration west

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15
Q

NRA

A

Outlawed child labor. Minimum wage. 40 hour work week.National Recovery Administration

16
Q

FERA

A

gave $3 billion to state and local governments for direct relief payments.

17
Q

Bank Holiday

A

banking transactions were suspended across the nation except for making change.

18
Q

FCA

A

refinanced many mortgages in danger of going unpaid (allowed any farmer to buy back a lost farm at a law price over six years at only one percent interest)

19
Q

NYA

A

National youth administration. providing work and education for Americans between the ages of 16 and 25.

20
Q

Francis Townsend

A

Suggested The old age revolving pension: called for every American over the age of sixty to retire to open up jobs for the younger unemployed. The retirees would receive a monthly check for $200

21
Q

Pump priming

A

Putting money in to spark economy

22
Q

PWA

A

Public works administration. large-scale public works construction agency in the United States. Built dams, schools, hospitals, etc.