New deal Flashcards
1
Q
What was the brain trust?
A
A team of university educated people who advised the president.
2
Q
What was the emergency banking act?
A
FDR shut down all banks for 3 days in order to let them recouperate this meant people put there money back in them.
3
Q
What was the economy act?
A
FDR introduced the banking act which reduced wages in the government by 15% to help others.
4
Q
What was the beer act?
A
The beer act allowed for people to buy and drink alchahol.
5
Q
What was the alphabet agencies?
A
New organsisations set up to help different groups in society.
6
Q
What was priming the pump?
A
- Government creates jobs by spending money.
- Workers earn wages so start buying goods.
- Firms and businesses can hire workers.
- These new workers earn money and spend it.
7
Q
A
