Unit 7 New Deal / Other Laws

Question 1

McNary-Haugen Bill

Answer 1

sought to keep agricultural prices high by authorizing the gov’t to buy up surplus; vetoed twice by Coolidge

Question 2

Agricultural Marketing Act

Answer 2

Designed to help farmers help themselves by setting up the Fed. Farm Board, with a $$$$$$$$$$$$$$ budget –> lent to farms to buy / sell surpluses

Question 3

Hawley-Smoot Tariff

Answer 3

protective measure designed to help farmers, but lobbyists forced it to become the highest protective tariff ever in peacetime, caused Europe to raise their tariffs. Signed by Hoover

Question 4

Muscle Shoals Bill

Answer 4

designed to dam Tennessee River, vetoed by Hoover because it was too ‘socialistic’

Question 5

Reconstruction Finance Corporation

Answer 5

became a gov’t lending ban, to proved indirect relief by assisting insurance companies, banks, etc…

Question 6

Glass-Steagall Act

Answer 6

1933, established FDIC, forbid commercial banks from speculating in stock market.

Question 7

Schecter Case “Sick Chicken”

Answer 7

Shot down the NRA, because the Supreme Court found that the NRA was given the power of law-making, which is reserved only for Congress.

Question 8

20th amendment

Answer 8

1933, took away the post-election lame duck session of congress and shortened the awkward period of inauguration by six week.

Question 9

Court-Packing Scheme

Answer 9

The courts were constantly disagreeing w/ FDR, so he tried to get a law passed that said that for any supreme court justice over 70 who does not retire, the pres. is allowed to appoint another judge.

Question 10

Fed. Securities Act (“truth in”)

Answer 10

1933, required sellers of stocks / bonds to give infer about them / set penalties for violation

Question 11

Emergency Banking Act

Answer 11

1933, reopen banks if found to be OK

Question 12

Economy Act

Answer 12

1933 Cut veterans’ benefits and gov’t salaries

Question 13

Beer Act

Answer 13

1933, made sale of beer and wine legal

Question 14

Agricultural Adjustment Act

Answer 14

1933, pay farmers to reduce their production

Question 15

Civilan Conservation Corps

Answer 15

1933, hired 2.5 million men 18-25 years old to work in envireonmentally-realted projects

Question 16

Fed. Emergency Relief Act

Answer 16

1933, created $500 million for direct relief, created PWA for work relief, created CWA for work relief,

Question 17

Farm Credit Act

Answer 17

refinanced farm mortgages at lower rates, 1/5 of all farms in the US

Question 18

Tennessee Valley Authority Act

Answer 18

1933, established TVA to build and run hydroelectric plants

Question 19

Home Owners’ Loan Act

Answer 19

1933, refinanced home mortgages at lower rates, 1/5 of all urban homes in US

Question 20

Soil Erosion Service

Answer 20

1933, provided assistance to farmers

Question 21

RR Coordination Act

Answer 21

1933, merged small ones, set rules for rates

Question 22

Nat’l Industrial Recovery Act

Answer 22

1933, created NRA, section 7a guaranteed right of workers to unionize and bargain collectively.

Question 23

Gold Reserve Act

Answer 23

1934, removed gold standard, but dollars was still backed by gold but it could not be redeemed in gold.

Question 24

Securities and Exchanged Commission

Answer 24

1934, license and regulate stock exchanges,

Question 25

Nat’l Housing Act

Answer 25

1934, established Federal Housing Administration

Question 26

Resettlement Administration

Answer 26

1935, helped farmers relocate to better land in response to Dust Bowl

Question 27

Works Progress Administration

Answer 27

1935, $$ for work relief + direct relief

Question 28

Nat’l Youth Administration

Answer 28

1935, created work for people 16-25 years old

Question 29

Social Security Act

Answer 29

1935 created public assistance for aged, blind, dependent children and unemployment insurance, very popular

Question 30

Banking Act of 1935

Answer 30

reduced power of private banks, more power to Fed. Reserve

Question 31

Revenue Act of 1935

Answer 31

raised income tax rates for wealthy, revised scale of corporate income taxes

Question 32

Natl Labor Relations Act (Wagner)

Answer 32

1935, created Nat’l Labor Relations Board: supervises employee voting re: unionization, investigates unfair labor practices

Question 33

Soil Conservation and Adjustment Act

Answer 33

paid farmer sot plant certain plants and restricted production of crops in the name of conservation, 1936

Question 34

Gov’t Contracts Act

Answer 34

1936, Sec of Labor given authority to set wages: first fed. minimum wage law

Question 35

Wagner-Steagall Act

Answer 35

1937, established US housing authority, made loans to cities and states to clear slums and build low-cost housing.

Question 36

Fair Labor Standards Act

Answer 36

1938: nat’l minimum wage established, limited work wee, time and a half spay for overtime, no labor for children under 16

Question 37

Agricultural Adjustment Act

Answer 37

1938 : replaced the 1933 AAA, gov’t buys and stores grain in years of surplus, and sells its grain in years of scarcity. established new FEd. Crop Insurance Corp.

Question 38

New Deal programs that still exist

Answer 38

NLRB, TVA, FDIC, SEC