The New Deal Flashcards

1
Q

What did FDR do in the first 100 days?

A

Passed a lot of new laws

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2
Q

What were fireside chats?

A

FDR would do regular speeches over radio to be broadcasted

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3
Q

What did FDR do with the banking crisis?

A

Closed banks Friday-Monday

Created the emergency banking relief act

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4
Q

What was the Emergency Relief act?

A

Gov guaranteed all money in banks up to value of $2500 would be safe

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5
Q

How many bank failures were there in 1933?

A

4004

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6
Q

How many banking failures were there in 1934?

A

62

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7
Q

What was the new deal?

A

Reform
Relief
Recovery

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8
Q

What were the 6 alphabet agencies for relief?

A
AAA
FERA
CWA
CCC
HOLC
SSA
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9
Q

What were the alphabet agencies for recovery?

A

PWA
WPA
TVA

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10
Q

What were the alphabet agencies for reform?

A

NRA

SSA

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11
Q

What did the AAA stand for?

A

Agricultural adjustment act

May 1933

Paid farmers to stop producing to increase prices

1932-1935 income rose $4.5 - $6.9 billion

Dealt with crisis of overproduction

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12
Q

What did the FERA stand for?

A

Federal Emergency Relief Act

May 1933

Gave $500 million to states to help unemployed

Harry Hopkins

Some states refused to spend money on the poor

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13
Q

What did the CWA stand for?

A

Civil works administration

Nov 1933

Set up due to bad winter

Provided work on projects for 4 million people

Closed down after winter

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14
Q

What did the CCC stand for?

A

Civilian conservation corps

March 1933

Gave work to unemployed men 17-24
In public areas

3 million young people

Training given

No job at the end

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15
Q

What did the HOLC stand for?

A

Home owners loan corporation

1933

Gave loans to home buyers

Low mortgage rates to encourage buying houses but not have it repossessed

Attempt to aid housing market

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16
Q

What did the SSA stand for?

A

Social security act

1935

First proper help for old/poor

Employers paid insurance to provide pensions

65’s + or when someone lost their job

Given $18 per week for 18 weeks

17
Q

What did the PWA stand for?

A

Public works administration

June 1933

$3.3 billion spend on roads, hospitals

Restart the economy

Harold Ickes in charge

Employed 1000s

Started pump priming

Built 13,000 schools

18
Q

What did the WPA stand for?

A

Works progress administration

1935

Same as PWA

Employed 2 million

Given 1 years work and training

Got contracts that private industry’s did not want

Lower wages than private industries

19
Q

What did the TVA stand for?

A

Tennessee valley authority

May 1933

River Tennessee ran through 7 poor states

Aimed to build 20 dams to control floods for hydro-electric power and water for soil to stop dust bowl

Helped farmers

20
Q

What did the NRA stand for?

A

National recovery administration

June 1933

Improve working conditions and fair wages

Help children involved in child labour

Each industry encouraged to adopt a code of practices for industry (557)

Supreme Court banned NRA later

21
Q

What was pump priming?

A

A cycle

Pay taxes
Government use money to build things
Creates jobs
More money spent

22
Q

When did FDR become president?

A

March 1933