Political Developments: Notable Reform and Regulation Alphabet Agencies

Question 1

What was the EBR Act?

Answer 1

Emergency Banking Relief Act

Question 2

What year was the EBR Act passed?

Answer 2

1933

Question 3

What did FDR do to banks initially in March 1933?

Answer 3

He closed them for 4 days

Question 4

How long did it take for the Emergency Banking Relief Act to be debated?

Answer 4

40 minutes

Question 5

What did the EBR Act allow the Treasury to do?

Answer 5

Allowed them to investigate all banks threatened with collapse

Question 6

What was the RFC?

Answer 6

Reconstruction Finance Corporation

Question 7

What did the RFC do with all USA banks?

Answer 7

It bought up the debts of all banks

Question 8

What was the Reform section of the New Deal for?

Answer 8

Reform of the financial system

Question 9

What was the Regulation section of the New Deal for?

Answer 9

Regulation of the financial system

Question 10

What did the 1933 Economy Act try to do to the government budget?

Answer 10

Cut the government budget

Question 11

What was the NRA alphabet agency?

Answer 11

National Recovery Agency

Question 12

What year was the NRA made?

Answer 12

1933

Question 13

Who did the NRA bring together? What did they try and do?

Answer 13

Brought the government, businesses and unions together to try and stop prices being low

Question 14

What was the ERTA alphabet agency?

Answer 14

Emergency Railroad Transportation Administration

Question 15

What year was the ERTA alphabet agency passed?

Answer 15

1934

Question 16

What did the ERTA regulate?

Answer 16

Regulated railroad companies

Question 17

What was the FCC alphabet agency?

Answer 17

Federal Communications Commission

Question 18

What year was the FCC created?

Answer 18

1934

Question 19

What did the FCC regulate?

Answer 19

Regulated radio stations

Question 20

Which act was created by the government to make a banking system that would last a long time?

Answer 20

The Glass-Steagall Act

Question 21

What year was the Glass-Steagall Act passed?

Answer 21

1933

Question 22

What were small banks banned from doing under the Glass-Steagall Act?

Answer 22

Banned from investment banking

Question 23

How much money could people deposit that would be insured by the government under the Glass-Steagall Act?

Answer 23

$2500

Question 24

Which act required brokers to give customers realistic information about securities they were selling?

Answer 24

The Truth-in-Securities Act of 1933

Question 25

What was the SEC alphabet agency?

Answer 25

Securities and Exchange Commission

Question 26

What did the SEC make illegal for stock traders?

Answer 26

Made it illegal to buy stocks on credit

Question 27

What year was the SEC set up?

Answer 27

1934

Question 28

What form of trading did the SEC regulate to prevent occurring?

Answer 28

Insider trading

Question 29

What was the NRA alphabet agency?

Answer 29

National Recovery Agency

Question 30

What did the NRA do to antitrust legislation?

Answer 30

It suspended antitrust legislation for 2 years

Question 31

What year was the National Recovery Administration created?

Answer 31

1933

Question 32

Due to antitrust legislation being briefly repealed, what did businesses start to do with their workers?

Answer 32

Exploit their workers

Question 33

What were businesses told to follow under the NRA?

Answer 33

Codes

Question 34

What was the situation for consumption by 1933?

Answer 34

It was not increasing

Question 35

What had to be created by the government in late 1933 to stimulate consumption?

Answer 35

A “Buy Now” campaign

Question 36

What code were businesses under the NRA meant to follow with working hours?

Answer 36

Meant to cut 10 hours off of working weeks

Question 37

What code were businesses meant to follow under the NRA in terms of wages?

Answer 37

Meant to give employees a 10% wage increase

Question 38

What was the situation with the codes enforced under the NRA?

Answer 38

They were not accepted by businesses

Question 39

What happened to the NRA in 1935?

Answer 39

It was deemed unconstitutional by the Supreme Court.