Mew Deal Flashcards
New deal
Emergency Banking Act: Stabilized the banking system by allowing only solvent banks to reopen after the banking crisis.
Federal Emergency Relief Administration (FERA): Provided direct relief for the unemployed and funded public works projects.
Civilian Conservation Corps (CCC): Created jobs for young men in environmental conservation projects like reforestation and soil erosion prevention.
Agricultural Adjustment Act (AAA): Aimed to raise agricultural prices by paying farmers to reduce crop production, thus reducing surpluses.
National Industrial Recovery Act (NIRA): Established the National Recovery Administration (NRA) to set industrial codes and standards to promote fair competition and labor rights.
Public Works Administration (PWA): Funded large-scale public works projects to create jobs and improve infrastructure.
Tennessee Valley Authority (TVA): Developed the Tennessee Valley region through flood control, electrification, and economic development projects.
How far did the character of the new deal change
From Immediate Relief to Long-term Reform: While the First New Deal focused on immediate economic relief and recovery, the Second New Deal aimed at long-term social and economic reforms.
Increased Government Intervention: The Second New Deal saw a greater emphasis on government intervention in the economy to address structural issues and inequality.
Social Justice and Security: There was a stronger focus on social justice, economic security, and protection for workers and vulnerable populations in the Second New Deal.
Why did unemployment persist despite the new deal
Scale of the Depression: The unprecedented severity and scope of the Great Depression made recovery slow.
Partial Economic Recovery: New Deal programs provided jobs but couldn’t fully revive the struggling economy.
Structural Problems: Deep-seated issues like industrial overcapacity and agricultural surpluses persisted.
Political and Business Opposition: Resistance from businesses and conservative politicians limited program effectiveness.
Why did people testify against new deal
Fear of Government Overreach: Critics worried about the increased role and power of the federal government in the economy and daily life.
Business Concerns: Many business leaders opposed regulations and labor protections that they felt stifled free enterprise and increased costs.
Constitutional Issues: Some believed that New Deal programs overstepped the constitutional limits of federal authority.
Fiscal Conservatism: Concerns over the rising national debt and government spending led some to oppose New Deal initiatives.
Did the fact the new deal didn’t solve unemployment mean that it was a failure
Economic Stabilization: The New Deal stabilized the economy, restored public confidence, and prevented further economic collapse.
Job Creation: It created millions of jobs through programs like the Civilian Conservation Corps (CCC) and Works Progress Administration (WPA).
Social Safety Nets: The establishment of Social Security and other welfare programs provided crucial support for the elderly, unemployed, and disadvantaged.
Labor Rights: The New Deal strengthened labor rights and improved working conditions through legislation like the National Labor Relations Act (Wagner Act).
Second new deal
Social Welfare Expansion: Introduction of the Social Security Act to provide pensions, unemployment insurance, and aid to vulnerable groups.
Labor Rights Strengthening: The National Labor Relations Act (Wagner Act) supported workers’ rights to unionize and bargain collectively.
Wealth Redistribution: The Revenue Act of 1935 increased taxes on the wealthy and large corporations.
Infrastructure and Public Works: Continued investment in public works through the Works Progress Administration (WPA), focusing on building infrastructure and supporting cultural projects.
Regulatory Reforms: Implementation of further regulations on businesses and financial institutions to prevent future economic crises, such as the Banking Act of 1935.
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What were 100 days
The “100 Days” refers to the first 100 days of Franklin D. Roosevelt’s presidency, from March 4 to June 16, 1933, during which an unprecedented number of laws and executive orders were enacted to combat the Great Depression. Key actions and programs during this period include all alphabet agencies
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