new deal vocab Flashcards
fordney-mccumber tariff
- raised tariff rate to 38.5%, gave gov’t permission to raise up to 50%. pro-business attitude
hawley smoot tariff
- raised tariffs to 60%. ends international trade bc tariffs are too high for every country
washington conference (5, 4, 9 power treaties)
1921-1922. slowed naval arms race, reconfirmed open door, had loopholes that were eventually violated. shift of global politics center from europe to america
FDIC
federal deposit insurance corporation. protected people from losing insured bank deposits, illegal to combine savings and investment. reform. first, constitutional
pwa
public works administration. 4 billion for state and local projects through their indiv. gov’ts, so too slow. relief, first, constitutional
CCC
civilian conservation corps. recruited young men from urban areas and put them to forestry work, most of $ was sent to family back home. relief, first, constitutional
TVA
tennessee valley authority. built hydroelectric dams across TN valley area to electrify it and prevent dust bowl from reaching there. reform, first, constitutional.
NRA
national recovery administration. blue eagle stamp if abiding gov’t regulations, encouraging consumers to buy. reform, unconstitutional, 1st
NIRA
national industrial recovery administration. title 1 regulates industry w the NRA, unconstitutional. title 2 is PWA, constitutional. section 7a limited child labor and guaranteed ability to unionize. recovery, first
schechter v us
challenged NIRA constitutionality. struct down title 1 (NRA) bc legislative is supposed to write regulations not executive
SEC
securities and exchange commission. prevents insider trading in the market. reform, constitutional, first
FHA
federal housing administration .gives loans to homeowners who will build upon their existing homes. stimulating economy (supply chain w materials), providing jobs (construction industry)
WPA
works progress administration. same was PWA but goes through fed gov’t, 12 billion in funding. relief, constitutional, second
NLRB
national labor relations board. protected labor rights by punishing unfair labor practices. reform, constitutional, second
SSA
social security administration. a portion of working people’s paychecks go towards ppl who cannot help themselves (disabled, minors without parents, elderly). reform, constitutional, second.
