The First New Deal - Industrial Recovery Flashcards
What was the National Recovery Administration responsible for?
The National Recovery Administration was responsible for overseeing industrial recovery.
Who benefited from the 2-year suspension of antitrust legislation?
Powerful businessmen benefited from the 2-year suspension of antitrust legislation.
What did firms agree to in order to regulate unfair competition and allow minimum wages?
Firms agreed to codes in order to regulate unfair competition and allow minimum wages.
What were some problems with the codes adopted by the National Recovery Administration?
Many codes were unworkable as they were adopted quickly without thought or planning. Big businesses didn’t comply while small firms struggled to comply with regulations, particularly the minimum wage of $11 for a 40-hour week.
What did the 1934 National Recovery Review Board report
small businesses disadvantaged by NRA and big businesses took advantage to restrict competition and increase profits
What is the Public Works Administration (PWA)?
The PWA is a government agency that was given $3.3 billion to spend on public works projects like roads, dams, and schools to stimulate the economy.
What types of public works projects did the PWA fund?
The PWA funded projects such as road building, dam construction, and school building.
How did road building stimulate the economy?
Road building increased demand for concrete, which in turn led to concrete companies employing more workers.
How many schools did the PWA build?
The PWA put hundreds of people to work building 13,000 schools.
How many miles of road did the PWA build?
The PWA built 50,000 miles of road.
