The New Deal Flashcards
When did Roosevelt’s presidency begin?
11th March 1933
Who were FDR’s advisors?
Eleanor Roosevelt and the Brains Trust
What were the three main aims of the new deal?
Relief - relieve extreme poverty, feed the starving and stop people losing their homes or farms; Recovery - revive the economy by getting industry going and people working again; Reform - make the USA a better place for ordinary people by bringing in measures such as unemployment insurance and old-age pensions, and help for the sick, disabled and ready
How long did Congress meet for at the beginning of FDR’s presidency?
100 days
Why was Roosevelt being a democrat helpful?
Because democrats had a majority of the seat, making it easier to pass new laws
What was the Emergency Banking Act?
Gave the government power to only reopen banks that were secure
What was the Securities Act?
Improved the regulation of share trading
When was the first fireside chat?
12th March 1933
Why did FDR end prohibition?
To raise spirits and bring taxable income
How was government spending paid for?
Taxation - the top rate of income tax was increased from 64 to 79% in 1935; Borrowing - people were encouraged to buy bonds in return for a fixed interest rate
Payed farmers to produce less food; aided modernisation - technologically and by method changes; the technological advancement put many out of jobs
Agricultural Adjustment Administration
Gave jobs to U25 single unemployed men; lived in a government park working clearing land/cutting trees/manual labour; given food, clothing, shelter, purpose and wages; able to send money back to family; 3 million men signed up from 1933-1942; learned useful employment skills
Civilian Conservation Core
Set up in Nov 1933; specific, short-term manual job supply ranging from building roads to sweeping roads; shut down in March 1934; gave jobs to 4 million; spent $2 million a month
Civilian Works Administration
Set up by National Industrial Recovery Act in June 1933; to build last and valuable projects; created jobs and employed skilled workers; 1933-1939 it built 70% of schools and 35% of hospitals; spent $7 billion on employment
Public Works Administration
Set up by NIRA in June 1933; to increase workers’ wages and factory goods’ prices; to improve working conditions within industry; created a voluntary code of practice which improved working conditions, forbade child labour, fixed prices of goods and limited working hours and set minimum wages; signs up for “Blue Eagle” approval along with presidential recognition, similar to “red tractor” today; >2 million employers signed up
National Recovery
Set up in March 1933; gave lonas to 1/5 of farmers to pay their mortgages
Farm Credit Admi
Set up in May 1933; used $500 million to help those most in need; funded soup kitchens, clothes and bedding, schools and nurseries and limited work schemes
Federal Emergency Relief Ad
Set up in June 1933; gave loans to 1 million to stop them from losing their homes
Home Owners Loan Corporation
Covers Tennessee, Missouri, Virginia, North Carolina, Georgia, Kentucky and Alabama; set up in May 1933; area poverty stricken due to soil erosion and flooding; built 33 dams to control the Tennessee river; created power, attracting industry and creating jobs; built 650 mile canal; not popular with the republicans; successful; still exists today
Tennessee Valley
When did FDR begin to face criticism and what did he do?
May 1935 so plans for the second new deal began Tuesday 14th May 1935