U.S. History Exam 2 - FLASHCARDS - 3_4 Lecture 9
What was the Emergency Banking Act?
bank holiday where all banks were to be shut down. Only strong banks could reopen with federal support
What was the FDIC?
Federal Deposit Insurance Corporation
What were fireside chats?
Series of evening radio addresses given by Franklin D. Roosevelt between 1933 and 1944, so Americans get to hear him in the comfort of their own homes explaining how he’s going to try to help their situation
How many new laws were made within the first 100 days of Roosevelt’s presidency?
15 new laws
What was the First New Deal?
dealt with the pressing banking crisis through the Emergency Banking Act and the 1933 Banking Act.
What was the Tennessee Valley Authority?
750 million works program to built hydroelectric dams in 7 states
What was the Civillian Conservation Corp?
employee program for young men 18-25 in rural towns
What was the National Industrial Recovery Act?
designed to cut down on competition between businesses. Fair competition, fixed wages and prices. Ruled unconstitutional
What was the Agricultural Adjustment Act?
solved overproduction to aid farmers
What was unemployment rate in 1932?
25%
What was Dustbowl?
in the 1930s, drought covered virtually the entire plains for almost a decade. Resulted in agricultural depression, which contributed to the Great Depression bank closures, business losses, and increased unemployment
Who was Father Charles Coughlin?
demanded the government take full control of banking system
Who was Francis Townsend?
called for old age payments. Argued if you take more elderly people out of the workforce, it made more room for younger workers
