The New Deal and the Second New Deal Flashcards
What did Roosevelt plan to provide through his New Deal?
‘Three Rs’ - relief, recovery and reform
What did Roosevelt mean by relief in the New Deal?
Roosevelt promised to provide relief in the form of federal money to directly help the unemployed or by providing them with short-term work.
What did Roosevelt mean by recovery in the New Deal?
Roosevelt promised that the New Deal would bring economic recovery, kickstarting the cycle of prosperity and raising incomes.
What did Roosevelt mean by reform in the New Deal?
Roosevelt promised the New Deal would reform, or change, the law so people had security in times of trouble and banks and businesses were safer.
In the first what days did FDR create his Alphabet Agencies?
First 100 days
On 9th March 1933, for how many days did FDR close all banks down for? What Act was this under?
Under the Emergency Banking Act on 9th March 1933, all banks were closed for a four-day bank holiday
What did FDR do to persuade people Banks were safe again? How much would people get if banks shut down again?
❖Government inspectors checked the banks to make sure that they were run properly and money could be safely deposited.
❖When the banks reopened, people knew they were safe institutions.
❖Roosevelt passed a law to insure banks for $2,500 per customer. People now knew that they would get some money back if the bank failed.
What percent of Bank remained permanently closed down after the Emergency Banking Act as they were unsound?
About 5%
How did the New Deal fail in solving unemployment?
It did not solve unemployment. There was always at least one in ten people unemployed throughout the 1930s.
How did the New Deal fail in solving equality?
Women faced discrimination. Some of the National Recovery Administration (NRA) codes set wages for women lower than those for men.
How did the New Deal fail in solving racism?
It continued to discriminate against African Americans. For example, some Civilian Conservation Corps (CCC) campsites were segregated.
After his re-election in 1936, Roosevelt became concerned about the cost of job creation schemes like the TVA. He cut down the amount of spending, by how much did this increase unemployment?
Unemployment rose to 3 million
When did FDR set up the Second New Deal?
1936
The Second New Deal set up the WPA. How much money did it use and how many people did it employ?
The Second New Deal set up the Works Progress Agency (WPA), which spent $11 billion on employing 8 million American men and women from all ethnic and working backgrounds.
How much did the CCC and PWA receive to provide relief work for the unemployed in the 2nd New Deal?
$4 billion
