new deal quiz Flashcards
Democratic coalition that elected FDR
white southerners, African Americans, ethnic minorities, union members
Civilian Conservation Corps
reduced unemployment by creating rural work projects
National Recovery Administration
monitored workers earnings and hours to distribute work to more workers and established codes for “fair competition”
3 R’s
relief, recovery, reform
aiming to restructure capitalism not replace it with socialism
Keynesian economic theory
deficit spending
hundred days
CCC, NRA, AAA, TVA all created in first 100 days of FDR’s presidency
Agricultural Adjustment Act of 1933
raise farm prices by limiting agricultural production. subsidized scarcity.
declared unconstitutional by supreme court
National Industrial Recovery Act
fostered government-business cooperation in effort to end depression
allowed businesses to regulate themselves through codes of fair competition
Court Packing Scheme
FDR attempted to pack Supreme Court so his laws would be found constitutional. failed
Wagner Act of 1935
National Labor Relations Act. Manga Carta of labor because it ensured workers rights to organize and bargain collectively. dramatically increased union membership
Social Security Act of 1935
created federal pension system funded by taxes on a workers wages and by an equivalent contribution by employers
Tennessee Valley Authority
brought cheap electric power, full employment, low cost housing, and environmental improvements to Tennessee valley
Congress of Industrial Organization
Union of unskilled and skilled popularized after Wagner act
ARRA
Keynesian
meant to stimulate economy after 2008 recession
relief programs and recovery-create new jobs