The Second New Deal Flashcards
What did the Wagner Act (July 1935) do?
Guaranteed workers the right to choose their own union
What was the significance of The Wagner Act?
It was the first act that gave unions rights in law and committed the federal government to an important labour relations role
What did the Revenue Act (June 1935) do?
Increased maximum tax on incomes over $50,000 from 59% to 75%
What was the problem with the Revenue Act?
Only 1% of the population earned more than $50,000 so only $250 million was generated
Why could the Revenue Act still be seen as a success?
Acted as a precedent for higher taxes during WW2
What did the Resettlement Administration (May 1935) do?
Merged all rural rehabilitation projects into one administration. Planned to move 500,000 families to more promising surroundings
Why did the Resettlement Administration fail?
Only 4441 of the 500,000 planned families were resettled
What did the Banking Act (August 1935) do?
- Removed the control of banking from private banks to central government
- Moved the centre of financial management from New York to Washington
What did the Emergency Relief Appropriation Act (May 1935) do?
Set up new agencies to provide employment through federal works. Set up the Works Progress Administration (WPA)
What did the Works Progress Administration (WPA) do?
Recruited people for public works projects
How much of the nations workforce found employment through the WPA?
20%
How many employees did the WPA have at one time?
Around 2 million
What did the Public Holding Company Act (August 1935) do?
Ordered the breaking up of all companies more than twice removed from the operating company
What did the Social Security Act (August 1935) do?
Provided for old age pensions to be funded by employer and employee contributions and employment insurance to be paid for by payroll taxes
What was the importance of the Social Securities Act?
It was a major break with American governmental traditions
