Great Depression Flashcards
Indian reorganization act
Encouraged tribal ownership of land and over turned the Dawes Act
Farm security administration
Government purchased farm land from poor farmers and resettled them in group farms
Revenue act (Wealth tax Act)
raised tax rates on income above $50,000. Estate, gift, and corporate tax rose.
Wagner-Connery Act
Defined “unfair labor practices” and est. the national labor relations board to settle disputes between labor and management
United States Housing Authority
Provided federal loans for a nationwide home improvement program
Election of 1932
Rep:Herbert Hoover -Charles Curtis Dem:FDR. "The New Deal" -John Garner FDR would win and win again for 3 more terms
The New Deal
Relief, Recovery, and Reform
RELIEF: Direct aid to poor and unemployed
RECOVERY: Restore the economy
REFORM: Change conditions that led to the depression
Criticisms of The New Deal
Deficit spending
Wasteful
Expanded bueracracy
Positives of The New Deal
Put people to work
Kept people from starving
Expanded electrical power
Congress passed how many laws in the first 100 days of FDR’s term?
15
Emergency banking act
Closed banks for 4 days to be inspected by the federal govt to see if they were financially sound and safe
Economy act
Grants the presidential authority to cut govt spending
Beer-Wine act
Legalized sale of alcoholic drinks
21st amendment
Legalized the sale of alcohol and outlaws prohibition
Federal emergency relief administration
Govt gives money to states to use on relief projects
Civilian Conservation Corps
Ages 18-25
Gave jobs to young men on conservation projects
Civil works administration
Provided work for the unemployed
Jobs were made up for people to have
Agricultural Adjustment Act
Aided farmers by regulating crop population
Govt payed farmers not to plant crops
Which eliminated over production and drove up prices
Nation recovery administration
Established coasts for each industry and gave labor the right of collective bargaining
TVA
Provided electricity in the TN valley
Banking Reform Act
separated commercial and investment banking.
Established FDIC which garuntees up to $250,000 of your deposits
Truth and Securtities Act
Govt regulation on the sale of stocks and bonds.
Eliminated stock watering
Works progress administration
Created jobs from construction of orchestras
National youth administration
Job training for unemployed youths and students with jobs