New Deal Flashcards
first 100 days
FDR passes massive legislation
mass media
fireside chats
Emergency Banking Act
March 5, 1933
Closed all banks for 1 week
inspection of funds and safety
if it’s reopened, then it is safe
Emergency Conservation Work Act
CCC (civilian conservation corps) hires men to do conservation work over 200000 employed $35/month+ room and board integrated (some)
Agricultural Adjustment Act
Raise prices of farm supply
have to cut supply (get rid of cows, wheat, etc.)
government subsidies for farmers to destroy supply
controversial bc ppl are starving
Federal Emergency Relief Act
sending $ to states and cities to fun local welfare programs
headed by harry hopkins
$1 bill in 2 years
Tennessee Valley Authority
built hydroelectric network that supplied cheap power to the south
created jobs and encouraged industry
Home owners Refinancing Act and Farm Credit Act
allows home owners and farmers facing foreclosure to refinance
refinanced about 20% of all home mortgages
Glass-Seagall Banking Act
created federal deposit and insurance corporation
insures all deposits up to $5000
separates commercial and investment banking
federal securities act
promotes full disclosure of stock information
national industry recovery act
set code of prices, production quotas, minimum wage, max hours abolished child labor guaranteed recognition of unions rules unconstitutional in 1935 created civil works admin. act struck down, then resurrected later
schnecter v us
company challenging production quotas and prices
any exec. control= unconstitutional
2d 100 days
reelection
1935
social security act
gov’t pensions for retired workers
assistance to disabled or dependent children
funded by current employers and employees
works progress administration
replaces the PWA and CWA
employed 8.5 mil, spent 10.5 bill
wagner act
national labor relations act
creational labor relations board
guarantees right to form unions
outlaws discriminatory actions against unions