The New Deal Flashcards
What did FDR do in the first 100 days?
Passed a lot of new laws
What were fireside chats?
FDR would do regular speeches over radio to be broadcasted
What did FDR do with the banking crisis?
Closed banks Friday-Monday
Created the emergency banking relief act
What was the Emergency Relief act?
Gov guaranteed all money in banks up to value of $2500 would be safe
How many bank failures were there in 1933?
4004
How many banking failures were there in 1934?
62
What was the new deal?
Reform
Relief
Recovery
What were the 6 alphabet agencies for relief?
AAA FERA CWA CCC HOLC SSA
What were the alphabet agencies for recovery?
PWA
WPA
TVA
What were the alphabet agencies for reform?
NRA
SSA
What did the AAA stand for?
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
What did the FERA stand for?
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
What did the CWA stand for?
Civil works administration
Nov 1933
Set up due to bad winter
Provided work on projects for 4 million people
Closed down after winter
What did the CCC stand for?
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
What did the HOLC stand for?
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