Roosevelt and the First New Deal Flashcards
What did the Federal Emergency Relief Act (May, 1933) do?
Gave $500 million to be divided evenly amongst the states for unemployment relief
What did the Civilian Conservation Corps (1933) do?
Employed 17-24 year old men to work in national forests, parks and public lands.
What did the Public Works Administration do?
Increased expenditure on hospitals, roads, schools and dams to stimulate the economy
What did the Civilian Works Administration do?
Put 4 million people to work on public works projects
What did the National Recovery Administration do?
Made firms agree to codes that prevented unfair business practice
What did the Economy Act (1933) do?
Slashed government salaries and cut ex soldiers pension
What did the Truth in Securities Act (1933) do?
Required brokers to offer realistic information to clients
What did the Securities Act (1934) do?
Oversaw stock market activities and prevented fraudulent activities such as insider dealing
What did the Emergency Banking Relief Act do?
Attempted to restore faith in the US banking system. Gave the treasury power to investigate all banks threatened with collapse
What did the Tennessee Valley Authority (May 1933) do?
Harnessed the power of the River Tennessee which ran through 7 of the poorest US states
What did the Agricultural Adjustment Act (May 1933) do?
Paid farmers to reduce their production of staple items
What did the Federal Housing Administration do?
Offered federal insurance on long term mortgages
What did the Indian Reorganization Act do?
Reorganized tribes into self-governing bodies and allowed them their own police force and legal systems
What did the Home Owners Refinancing Corporation do?
Offered new mortgages at low rates of interest over long periods
