The Second New Deal Flashcards
What is the 1935 Emergency Relief Appropriation Act (ERAA)?
It is an act that allocated $45.5 billion for relief, making it the largest appropriation for relief.
What is the Works Progress Administration (WPA)?
It is an organization that recruited employees for public works projects.
How many employees did the WPA recruit?
The WPA recruited an average of 2 million employees.
What percentage of the nation’s workforce found employment through the WPA by 1941?
By 1941, 20% of the nation’s workforce found employment through the WPA.
What was the wage rate for WPA employees?
The wage rate for WPA employees was $52 per month.
Was the WPA rate higher or lower than pervious relief rates
This wage rate was higher than previous relief rates but lower than industry rates.
What did the WPA build
Built 1000 airport landing fields, 8000 schools + hospitals, and 12000 playgrounds
What was the purpose of the 1935 Revenue (Wealth Tax) Act?
The purpose of the 1935 Revenue (Wealth Tax) Act was to raise revenue for New Deal reforms through taxing wealthy individuals.
What was the maximum tax rate on incomes over $50000 after the implementation of the 1935 Revenue (Wealth Tax) Act?
The maximum tax rate on incomes over $50000 was raised from 59% to 75% after the implementation of the 1935 Revenue (Wealth Tax) Act.
How much revenue did the 1935 Revenue (Wealth Tax) Act raise?
The 1935 Revenue (Wealth Tax) Act raised little revenue, only $250 million as only 1% of pop earned more than $10000
Why was Roosevelt initially reluctant to be involved with labour relations legislations?
Roosevelt was initially reluctant to be involved with labour relations legislations due to his mistrust of labour unions in the USA and his desire not to upset big businesses further.
What did the Wagner Act allow
Act gave workers rights to collective bargaining through unions. first act that effectively gave unions rights in law
What did the 1935 Social Security Act do
Provided old-age pensions funded by employer and employee contributions and unemployment insurance paid for by payroll taxes
What is special about the 1935 Social Security Act
It is the first federal measure to directly help worker’s rights
What were some limitations of the 1935 Social Security Act
The limitations of the act were that pensions paid at minimum $10/month to max $85/month according to contribution that recipients paid into the scheme. This was inadequate. It was not paid until 1940. Also, unemployment benefits max $18/week for 16 weeks only.
What was the purpose of the 1935 Banking Act?
The purpose of the 1935 Banking Act was to centralize US banking and remove control of banking from private banks to the central government.
Why did businessmen oppose the Second New Deal?
They felt that it had gone too far and they hated the Revenue Act, which raised taxes. They also opposed what they saw as greater government interference.
When was the Roosevelt Recession
1937-38
What caused the Roosevelt Recession
Federal Expendature was cut in June 1937 to meet Roosevelts belief in a balanced budget, they though big businesses had recovered sufficiently to fill gaps filled by gov cutbacks
What was the Roosevelt Recession
unemployment rose from 7mil to 10.4mil in 1yr, manufacturing production fell 50%, and national income fell 13%
What was a major issue for Roosevelt’s Second New Deal
The Supreme Court found most legislation unconstitutional
