Part 3 Flashcards
What was inspired by Teddy Roosevelt?
The First Group New Nationalism
What was the Third Group, and who supported it?
Wilson and New Freedom
What did they want Roosevelt to do?
Break up big companies and allow competition to set wages, prices, and production levels.
Within a week of his taking office what act was passed?
Emergency Banking Relief Act
The new law required federal examiners to ?
Survey the nation’s banks and issue Treasury Department licenses to those that were financially sound.
What did the second group do?
distrusted big business and felt business caused the Depression and wanted government planners to rub key parts of the economy
What did Roosevelt addressed the nation on March 12 by radio known as ?
“fireside chats”
FDR supported what acts?
Securities Act of 1933 and the Glass-Steagall Banking Act
Required companies that sold stocks and bonds to provide complete and truthful information to investors?
Securities Act of 1933
Was created to regulate the stock market and stop fraud?
Securities and Exchange Commision (SEC)
Seperated commercial banking from investment banking?
Glass-Steagall Act
What did the Glass-Steagall Act also created the?
Federal Deposit Insurance Corporation (FDIC)
Provides government insurance for bank deposits?
FDIC
bought mortgages of home owners who were behind in their payments?
Home Owners’ Loan Corporation
Helped farmers refinance their mortgages?
Farm Credit Administration(FCA)