oct 31-nov 4

Question 1

Fordney-McCumber Tariff

Answer 1

Year: 1922
Definition: Rose the tariff to 38.5% in 1922 and gave the president the power to increase it to 50% to protect American businesses.
Importance: It harms the international economic recovery after the war.

Question 2

FDIC

Answer 2

Reform, constitutional, 1st new deal
Federal Deposit Income Corporation
Provided insurance for banks and people with money in banks. Encouraged people to deposit money into banks.

Question 3

PWA

Answer 3

Relief, unconstitutional, 1st new deal
Public Works Administration
Provided public jobs for many people needing relief. Turns into the WPA

Question 4

CCC

Answer 4

Relief, constitutional, 1st new deal
Civilian Conservation Corps
Gave jobs to young men who were needing to find relief and provide for their families

Question 5

TVA

Answer 5

Reform, constitutional, 1st new deal
Tennessee Valley Authority
Implemented to provide help to areas in the valley that were affected by floods and other critical situations. Gave jobs to people to help provide resources to the valley.

Question 6

NRA

Answer 6

recovery, unconstitutional, 1st new deal
National Recovery Administration
This act implemented an attempt to eliminate unfair trading by marking products if they were in compliance with FDR administration.

Question 7

SEC

Answer 7

Reform, constitutional, 1st new deal
Security and Exchange Commission
This program attempted to protect investors and keep the markets fair and in order.

Question 8

FHA

Answer 8

reform, constitutional, 1st new deal
Federal Housing Administration
This program was in place to renovate or build homes by giving loans for buildings. Helped the construction industry.

Question 9

WPA

Answer 9

relief, constitutional, 2nd new deal
Works Progress Association
Set to reduce unemployment and increase production of highways and other infrastructure that required construction. Included Federal Arts Program.

Question 10

SSA

Answer 10

reform, constitutional, 2nd new deal
Social Security Act
Designed to assist elderly citizens with post-retirement funds and unemployment compensations.

Question 11

NLRB

Answer 11

reform, constitutional, 2nd new deal
National Labor Relations Board
independent federal agency that protects the rights of private sector employees to join together, with or without a union, to improve their wages and working conditions.

Question 12

NIRA

Answer 12

recovery, unconstitutional, 2nd new deal
National Industrial Recovery Administration
supervised fair trade codes and guaranteed laborers a right to collective bargaining.

Question 13

Schecter v. US

Answer 13

year: 1935
definition: Schechter Poultry Corp. was indicted for violating a business code governing the poultry industry in New York City through NIRA, it argued that the law was an unconstitutional violation of the nondelegation doctrine.
importance: NIRA deemed unconstitutional

Question 14

Bank Holiday

Answer 14

Year: 1933
Definition: All of the US banks shut their doors from March 6-9 and the Emerging Banking relief act was set.
Importance: 5% of US banks were closed. The remaining banks were mostly trusted by the ppl thanks to the fireside chat on March 12th.

Question 15

Difference between 1st and 2nd new deal

Answer 15

The First New Deal (1933-1934) was more focused on the one hundred days of the relief, recovery, and reform agencies it created, and the Second New Deal (1935-1938) offered further legislative reforms and created the groundwork for today’s modern social welfare system.

Question 16

AAA

Answer 16

agricultural adjustment act
1st new deal, recovery
def: paid farmers for not planting crops in order to reduce surpluses, increase demand and raise prices
imp: Farm income rose, but many tenants and share-croppers were pushed into the ranks of the unemployed.