New Deal Terms Flashcards
Rexford Tugwell
Part of Roosevelt’s “brain trust”
Raymond Moley
Part of Roosevelt’s “brain trust”
Adolph A. Berle
Part of Roosevelt’s “brain trust”
Felix Frankfurter
Part of Roosevelt’s “brain trust”, also Roosevelts Supreme Court appointees who had a loose interpretation of the constitution
Harold L. Ickes
Part of Roosevelts cabinet; secretary of the interior, directed PWA, Indian rights, conservationists
Frances Perkins
Part of Roosevelts cabinet, secretary of labor, first women named to cabinet post
Henry A. Wallace
Part of Roosevelts cabinet, agriculture
Henry Morgenthau
Part of Roosevelts cabinet, secretary of treasury
Bernard Baruch
Financier, influential to FDR, war industries Board during World War I
Emergency banking act
Permitted banks to reopen if A treasury department inspection show that they had sufficient cash reserves
FDIC
Federal Deposit Insurance Corporation: insured deposits up to $2,500
Glass-Steagall Act
Restored public confidence by creating FDIC
Home owners loan corporation
Refinance home mortgages threatened by foreclosure
CCC
Civilian Conservation Corps: gave jobs to young men (reforestation and conservation)
TVA
Tennessee Valley Authority: produce cheap hydroelectric power and encourage economic development in the flood prone Rivervalley, Also a government owned corporation
AAA
Agricultural adjustment act: created by the administration officials and major from organizations also paid the seven major commodities to waste half of their stuff to higher prices
STFU
Southern tenant farmers Union: a biracial organization
The national industrial recovery act
Reflected corporatists
NRA
National recovery administration: established a system of self-government in more than 600 industries (minimum-wage laws, outlawed child labor and allowed union representation)
FERA
Federal emergency relief administration: directed by Harry Hopkins, provided federal funds to the states for relief programs, spent around 1 billion
Harry Hopkins
Directed the FERA and was a hard driving social worker from the New York, directed CWA, WPA
Dole
Popular name for government welfare payments
PWA
Public Works administration: a construction program directed by secretary of the interior Harold L. Ickes. Failed due to his consciousness and approaching public work projects
CWA
Civil Works administration: directed by Harry Hopkins after the failed PWA, put millions to work on repairing bridges building highway is construction on public buildings
SEC
Securities and exchange commission: to regulate stock market as well as companies that issued stock and bond the public, set rules for credit transactions, prevent sales on inside
The banking act of 1935
Authorized the president to appoint a new board of governors of the federal reserve system place in control on interest rates and other money market policies at the federal level rather than regional banks
Liberty league
Conservative Democrats who lobbied against reckless spending and socialist reforms of the new deal
National industrial recovery act
And unconstitutional delegation of congresses legislative power to a code rating agency in the executive branch of the government
Congress shut down these new deal legislation:
The agricultural adjustment act, the Railroad retirement act, and the Frazier– Lemke debt relief act
Francis Townsend
Was a Long Beach, California, doctor, who spoke for the nations elderly, and propose the old age revolving pension plan
Old age revolving plan
Promise 200 a month for retirement after the age of 60
Charles Coughlin
Catholic priest from Detroit, use the radio to support the new deal but refuse to nationalize the banking system and expand the money supply organize the national union for social justice
Senator Huey Long
Democrat governor of Lee’s Louisiana who acted as a dictator to achieve what he wanted, also established to share our wealth society, assassinated in sept 1935
Share our wealth society
Posted over 4 million followers argued that depression did not stem from overproduction but from under consumption, also wanted all income tax over 1 million and prohibit inheritances over 5 million
Revenue act of 1935
Proposed a substantial tax increase on corporate profits and higher income and state taxes on the wealthy citizens