**The Great Depression / The New Deal** Flashcards
1
Q
Hooverville
A
A shanty town built during the Great Depression by the homeless in the United States
2
Q
Bonus Army
A
-World War I veterans, together with their families and affiliated groups – who gathered in Washington, D.C. in mid-1932 to demand early cash redemption of their service certificates
3
Q
Franklin D. Roosevelt
A
-
4
Q
The New Deal
A
- Program designed to alleviate the problems of the Great Depression
- A phrase taken from a campaign speech in which Roosevelt had promised “a new deal for the American people”
- Policies focused on three general goals: relief for the needy, economic recovery, and financial reform
5
Q
Alphabet Soup
A
New Deal agencies
6
Q
Deficit spending
A
- FDR got money - taxes from the future
- Spending more money than the government receives in revenue
7
Q
Relief
A
- Immediate action taken to halt economic deterioration, quick fix
- Bank holiday
- Emergency banking act
- Civilian Conservation Corps (CCC)
- Deficit spending
- Federal Emergency Relief Act (FERA)
- Works Progress Administration (WPA)
8
Q
Recovery
A
- Temporary programs to restart flow of consumer demand
- National Industrial Recovery Act (NIRA)
- Tennessee Valley Authority
- Agricultural Adjustment Act (AAA)
- Home Owners Land Corp.
9
Q
Reform
A
- Permanent programs to avoid another depression
- Federal Deposit Insurance Corporation (FDIC)
- Soil Conservation Act (1933)
- Securities and Exchange Act (SEC)
- Social Security Administration (SSA)
10
Q
WPA
A
- Provided long-term government jobs building or improve schools, roads, bridges, and participating in other public works project
- Employed over 8.5 million people across the nation, 10% to unemployed artist
11
Q
Social security (administration)
A
- Provided a pension for retired workers and their spouses and aided people with disabilities
- Unemployment compensation
- Prevented the elderly from losing life savings
12
Q
FDIC
A
- Federal Deposit Insurance Corporation
- Provided federal insurance for individual bank accounts of up to $5,000 (today $250,000), reassuring millions of bank customers that their money was safe
- It also required banks to act cautiously with their customers’ money
13
Q
Bank holiday
A
Forced all banks in America to close - no run on banks
14
Q
FERA
A
- Federal Emergency Relief Act
- Funded with $500 million to provide direct relief for the needy
- Criticism - handouts
15
Q
AAA
A
- Agricultural Adjustment Act
- Controlled supply of 7 basic crops by paying farmers not to produce
- Create more demand and raise prices, many farmers forced off
- Goal was to raise crop prices