The New Deal Flashcards
Election of 1932
Roosevelt:
1. 23 million votes
2. Won 42/48 states
3. Took office in March 1933
Aims of the New Deal - Recovery
- An increased income for farmers.
- Higher rates of industrial production.
- An end to the banking crisis.
Aims of the New Deal - Relief
- States provided with enough money to meet the immediate needs for relief from hunger and poverty.
- Short-term work relief projects are available for the unemployed.
Aims of the New Deal - Reform
- A social security system that looks after US citizens.
- Improvements in the way banks and businesses were run to secure long-term recovery.
Emergency Banking Act
- Closed banks for 4 days and only allowed ‘financially sound’ banks to reopen.
- Insurance on the first $2500.
- Americans deposited $1 million in their banks.
National Industrial Recovery Act
Set up the NRA and gave workers the right to join unions.
Economy Act
Reduced government running costs by 25% and lowered federal spending by around $450 million.
Beer and Wine Revenue Act
Made it legal to buy and sell alcohool below 3.2% under taxation.
Federal Emergency Relief Act
Provided $500 million for states to spend on relief.
Home Owner’s Refinancing Act
Extend mortgage payments from 5 to 20 years.
Helped 1 million keep their homes.
AAA (Agricultural Adjustment Administration)
Aim: Solve problems in agriculture
What it did: Offered subsidies to farmers who limited their porduction
FCA (Farm Credit Administration)
Aim: Solve problems in agriculture
What it did: Improved mortgage arrangements for around 20% of farms.
CCC (Civilian Conservation Corps)
Aim: Provide work
What it did: Took unemployed young men into the countryside and gave them tough outdoor jobs, including trail building and reservoir digging, for $30 a month.
PWA (Public Works Administration)
Aim: Provide work
What it did: Big construction projects like the Grand River Dam
CWA (Civil Works Administration)
Aim: Provide work during winter
What it did: Had $400 million and provided short-term projects like refurbishing schools and road building. Helped 4.2 million workers.
NRA (National Recovery Administration)
Aim: Solve problems in industry
What it did: Wrote rules for industries to follow. Set quotas on production, prices, wages, working hours and banned child labour
TVA (Tenessee Valley Authority)
Aim: Provide work for southerners, electrify farms, condrol flooding and productivity of land
What it did: Built 20 dams, educate farmers
FERA (Federal Emergency Relief administration)
Aim: Help the unemployed
What it did: Provided relief payments
Second New Deal
- Provide more work relief for the unemployed
- Support workers in th industry and imporve rights
- Help the rural poor get their own land
- Provide for the old during their retirement
Second Agricultural Adjustment Act
Created compulsory limits to production.
Social Security Act
Created a federal pension system.
Federal unemployment insurance.
Support for disadvantaged groups.
Wagner Act
Strengthened labour unions and offered federal protection to unions.
Banking Act
Created a Board of Governors of the Federal Reserve System and gave various financial powers to the Board.
WPA (Works Progress Administration)
Aim: Provide work, coordinate work agencies
What is did: Employed around 8 million and spent $11 billion
