Roosevelt and the New Deal : 1/20/15 Flashcards
A distant cousin of _______ ______, _______ _____ ______ grew up in _____ ____, __.
Theodore Roosevelt, Franklin Delano Roosevelt, Hyde Park, NY
Roosevelt was educated at _______ and then at _______ ___ _____.
Harvard, Columbia Law School
While at Harvard, he became friends with Theodore’s niece, ______, whom he later married.
Eleanor
Roosevelt began his political career in ____ and he was elected to the ___ ____ ____ _____.
1910, New York State Senate
Roosevelt later became ______ ______ of the ____ in the ______ ________.
Assistant secretary of the navy, Wilson Administration
In 1921, ____ caught the paralyzing disease _____.
FDR, polio
By the mid 1920s, ___ was again active in politics becoming _____ of ___ ___ in 1928.
FDR, governor, New York
From that point forward, Roosevelt’s policies for ending the _____ ______ became known as the ___ ____.
Great Depression, New Deal
People feared that Roosevelt would abandon the ___ ______ and reduce the value of the _____ to fight the _________.
Gold standard, dollar, Depression
Under the ____ _______, one ounce of gold equaled a set number of dollars.
Gold standard
In ___ states, governors declared ___ _____ - the act of closing the remaining banks before bank runs could run them out of business.
38, bank holidays
Between _____ __ and ____ __ _____, which came to be called the _______-___, Congress passed __ major acts to resolve the economic crisis. These programs made up what would be called the ____ ___ ____.
March 9, June 6, 1933, Hundred-Days, 15, First New Deal
The _____ group was inspired by Teddy Roosevelt’s “ ____ _________.”
First, New Nationalism
One group supported the belief that if government agencies worked with ________ to regulate _____, ______, and ________, they could lift the economy out of the Depression.
Businesses, wages, prices, production
The _______ group distrusted big business and felt business caused the Depression and wanted government planners to run key parts of the economy.
Second
A _____ group supported Wilson’s “____ ______” philosophy. They wanted ________ to break up big ________ and allow ________ to set _____, _______, and ________ levels.
Third, New Freedom, Roosevelt, companies, competition, wages, prices, production
Within a week of his taking office, the ______ _____ _____ ___ was passed. The new law required federal examiners to survey the nation’s _____ and issue ________ ________ ______ to those that were financially sound.
Emergency Banking Relief Act, Banks, Treasure Department licenses
On March 12, Roosevelt addressed the nation by radio known as “ ______ ____.”
Fireside chats
FDR supported the _______ ____ ___ _____ and the _____- _____ _______ ___.
Securities Act of 1933, Glass- Steagall Banking Act
The ________ ___ required companies that sold stocks and bonds to provide complete and truthful information to investors.
Securities Act
The ________ ___ _____ _______ ( ? ) was created to regulate the stock market and stop fraud.
Securities and Exchange Commission ( SEC )
The _____- ______ ___ separated ______ banking from ________ banking.
Glass- Steagall Act, commercial, investment
_______ ___ handle everyday transactions and could no longer risk depositor’s money through stock speculation.
Commercial banks
The _____- _____ ___ also created the ______ _____ _______ ______ ( ? ).
Glass- Steagall Act, Federal Deposit Insurance Corporation ( FDIC )
The _____ provides government insurance for bank deposits.
FDIC
The _____ _____ ____ _______ bought the mortgages of home owners who were behind in their payments.
Home Owner’s Loan Corporation
It then restructured the loans with longer _________ terms and ______ ______ ____.
Repayment, lower interest rates
The ____ _____ ________ ( ? ) helped farmers refinance their mortgages.
Farm Credit Administration ( FCA )
To help the nation’s farmers, Congress passed the ______ ______ ___.
Agricultural Adjustment Act
Under this act, the government’s ___ would pay farmer’s not to raise certain livestock, grow certain crops, and produce dairy products.
AAA
Thousands of _____ _____, many _____ _____, lost their jobs and home when landlords took their fields out of production.
Tenant farmers, African American
The ________ _____ ____ built dams to control floods, conserve forest lands, and bring electricity to rural areas. : _____ Dam, ______ Dam, _________ Dam.
Tennessee Valley Authority, Wilson Dam, Wheeler Dam, Guntersville Dam.
The ______ _____ ___ ( ? ) suspended antitrust laws and allowed business, labor, and government to cooperate with rules or codes of fair competition, for each industry.
National Recovery Act ( NRA )
The ____ would be declared _____________ in 1935.
NRA, unconstitutional
The most highly praised New Deal work relief program was the _______ _________ ____ ( ? ).
Civilian Conservation Corps ( CCC )
The ___ offered unemployed young men ___-___ years old the opportunity to work under the direction of the ________ service p______ t_____, f_______ f_____ f____, and b______ r______.
CCC, 18-25, forestry, planting trees, fighting fires, building reservoirs
The young men lived in camps near their work areas and earned $__ a month, $__ of which was sent directly to their families.
30, 25