Political Developments: FDR's First 100 Days Flashcards
What did Franklin Roosevelt implement for banks when he came into office?
Banking holiday
How long did FDR’s banking holiday last?
4 days
What was a banking holiday?
It freezed the action of banks
What was the 1933 EBA?
1933 Emergency Banking Act
What did the 1933 Emergency Banking Act do?
It created a new standard for banks to follow
What did FDR force Congress to do for his first 100 days in office?
Stay in session continuously
How many major pieces of legislation did Franklin Roosevelt make in his first 100 days?
15 pieces
What would FDR be able to do if Congress stayed in session for 100 days?
Laws would be able to get passed quicker
What were the 3 R’s FDR promoted?
Relief, Recovery, Reform
What was the 1933 FERA
The 1933 Federal Emergency Relief Association
What did the Federal Emergency Relief Association do?
It helped unemployed people find jobs
What was the CCC?
Civilian Conservation Corps
What did the Civilian Conservation Corps do?
It got people into jobs
Name an industry people got into within the CCC
Agriculture
What was the 1933 NIRA?
1933 National Industrial Recovery Act
What was the 1933 AAA?
1933 Agricultural Adjustment Act
What did the National Industrial Recovery Act do?
Stopped overproduction in industries
What was the issue that had been present with overproduction in terms of prices?
Deflation
What did the Agricultural Adjustment Act do to farmers?
It paid them to not harvest parts of their land
What was overproduction in the agriculture industry causing?
Deflation
How much was a wheat bushel worth in 1929?
$1
How much was a wheat bushel worth in 1930?
40 cents
What was the issue with the direction of aid under the AAA for sharecroppers?
The aid only went to owners of the farmland.
When was the Emergency Banking Act passed?
1933
When was the 1933 Emergency Banking Act extended?
1935
What did the 1935 EBA extension do?
It ensured people’s bank deposits would be protected by the government
What was the aim of the 1935 EBA?
To restore confidence in the banking system again
Which act was passed to make people unable to buy on the margin?
The 1933 Securities Act
What was buying on the margin?
When people bought stocks when they had little money to begin with.
What did the first 100 days of FDR’s presidency show about him?
He would be able to accomplish many things in office
