The New Deal Flashcards
1
Q
ROLE OF ROOSEVELT & CONFIDENCE BUILDING KU
A
- First 100 days, FDR worked with advisors & asked congress for emergency powers to save America. 15 new laws through congress.
- 30 FIRESIDE CHATS from March 33 & declared ‘THE ONLY THING WE HAVE TO FEAR IS FEAR ITSELF.’
2
Q
ROLE OF ROOSEVELT & CONFIDENCE BUILDING ANALYSIS
A
- Met promise of ‘ACTION AND ACTION NOW’. The fact the gov took so much action in such little time lifted morale. 60 million tuned into fireside chats.
3
Q
ROLE OF ROOSEVELT & CONFIDENCE BUILDING ANALYSIS+
A
- Confidence remained low 30s’.
4
Q
BANKING KU
A
- EMERGENCY BANKING ACT 33’ allowed closing & checking of banks to ensure they were well run & credit-worthy. Only sound ones reopened. Was hoped measures would restore public confidence in banks & stop people from withdrawing savings.
- End 33’ many small banks closed or merged.
5
Q
BANKING ANALYSIS
A
- Saved 20% homeowners from repossession. April 33’, fewer than 10 banks failed p.a. FDR’s advisor marked this as the ‘revival of hope’.
6
Q
BANKING ANALYSIS+
A
- Americans only spent & invested 75% of what they had done before 29’. Left wing critics argue FDR should have nationalised banks.
7
Q
INDUSTRY KU
A
- NATIONAL RECOVERY ADMINISTRATION created to stimulate industry by trying to set fair wages & hours & minimise prices. Idea was to give workers money to spend w/o over producing & causing a slump.
- WAGNER ACT helped improve working conditions & gave Trade Unions proper legal foundation & right to bargain for members.
8
Q
INDUSTRY ANALYSIS
A
- 2 million employers joined NRA scheme. - - Michael Parrish: Wagner Act the Trade Unions Magna Carter as it laid foundations for a federal welfare state system which lasted until 80’s.
9
Q
INDUSTRY ANALYSIS+
A
- By 1935 some businesses lost patience with NRA & declared unconstitutional by Supreme Court.
10
Q
AGRICULTURE KU
A
- AGRICULTURE ADJUSTMENT ACT created to help farmers & stimulate industry by paying farmers to produce less to avoid over production & increase crop prices. Helped farmers modernise & use new methods to protect soil.
- TENNESSEE VALLEY AUTHORITY built hydroelectric power plants in 7 southern states providing cheap power.
11
Q
AGRICULTURE ANALYSIS
A
- 37’ average income of farmers doubled, TVA created thousands jobs.
12
Q
AGRICULTURE ANALYSIS+
A
- Modernisation put people out of work.
