Solutions of the Great Depression (Roosevelt) Flashcards
1st Solution
First 100 days:
Fireside Chats on radio-calmed nation and told people to save money in banks
-Banks’ Holiday- reopen strong banks
First New Deal (1933)
-Relief, Recovery, Reform
-Relief- FERA (Federal Emergency Relief Administration)
provided cash and food
-Recovery- job creation
-Reform- change laws to prevent worsening depression
2nd New Deal (1935)
Social Reform
- Social Security Act
- provided unemployment money
- TODAY: provides retirement and disability money
- WPA: Works Project Administration- job creation
How did African-Americans view FDR?
Working class African-Americans supported with FDR. His programs convinced many to vote for him to pull them out of poverty.
What were the three R’s of his program?
-Relief, Recovery, Reform
What programs were created as a part of the “recovery” part of FDR’s first new deal?
TVA: Tennessee Valley Authority- built dams
CCC: Civilian Conservation Corps- national parks
PWA: Public Works Administration- roads and bridges
What programs were created as a part of the “reform” part of FDR’s first new deal?
FDIC- Federal Deposit Insurance Corporation: insures money in bank- up to $250,000
AAA- Agricultural Adjustment Administration: regulate farm production
Relief
FERA- Federal Emergency Relief Administration gave people food and cash