Vocab 24 Flashcards
Bank Holiday
Who- FDR
What- Closed the nations banks for three days so the gov could come up with a relief plan
Where- USA
When- 1933
Why- It was designed to primarily prevent bigger banks from being dragged down by smaller banks. Due to the economic crisis
Agricultural Adjustment Act
Who- FDR, Congress
What- Its most important feature was its provision for reducing crop production to end agricultural surpluses and halt the downward spiral of farm prices. would then tell individual farmers how much they should produce and would pay them subsidies for leaving some of their land idle. A tax on food processing (for example, the milling of wheat) would provide the funds for the new payments. Farm prices would be subsidized up to the point of parity.
Where- USA
When- May 1933
Why- To protect the prices of agricultural
National Recovery Administration
Who-Hugh S. Johnson
What- Johnson called on every business establishment in the nation to accept a temporary “blanket code”: a minimum wage of between 30 and 40 cents an hour, a maximum workweek of thirty-five to forty hours, and the abolition of child labor.
Where- USA
When- 1933
Why- The NRA believed this would drive prices down and to help the economy
Schechter Brothers Case
Who- Supreme Court, FDR
What- Struck down the legislation that held up the NRA and said that the prez made that and it was not constitutional
Where- USA
When-1935
Why- NRA raised minimum wage in factories but had decreased production so after the NRA had been struck down it shut it down which was kinda good cuz it was a failed project.
Tennessee Valley Authority
Who- New Deal planners
What- Built Dams in regions to generate electricity and sell it to the public at a reasonable rate
Where- Tennessee
When- May 1933
Why- Utilitiy companies in the area collapsed (corruption) as a result the TVA rose up due to popular demand to use water as an electricity resource.
Francis E. Townsend
Who- Political activist
What- Wanted federal pensions for the elderly. This meant more jobs for younger people as older people left the workforce and more money older people would spend.
Where- California, USA
When- 1930’s
Why- Laid the grounds for Social Security
Glass-Steagall Act
Who- US gov
What- Gave the gov authority to curb irresponsible speculation
by banks. It also established a wall between commercial banking and investment banking. It established the Federal Deposit Insurance Corporation, which guaranteed all bank deposits up to $2,500
Where- USA
When- June 1933
Why- Part of the New Deal, increased federal authority over previously unregulated or weakly regulated areas of the economy.
Securities and Exchange Commission
Who- Congress
What- Policed the stock market
Where- USA
When- June 1934
Why- Many finance works had been caught doing illegal things in the past few years so this was to prevent that.
Charles E. Coughlin
Who- Catholic Priest
What- Advocated for banking changes
Where- Detroit, Michigan
When- 1930’s
Why- Popular spokesperson at the time on the radio, established his own political party
Huey Long
Who- Politician
What- Made many reforms in the state of Louisiana and promoted the Share-Our-Wealth Plan.
Where- USA
When- 1930’s
Why- Got around 10% of the vote which could have drastically changed elections
Second New Deal
Who- FDR
What- The new proposals represented a shift in the emphasis of New Deal policy. The most conspicuous change was in the administration’s attitude toward big business. They were now willing to attack corporate interests openly.
Where- USA
When- 1935
Why- As a response both to the growing political pres¬ sures and to the continuing economic crisis.
Congress of Industrial Organizations
Who- John L. Lewis
What- Rivaled against the AFL and represented the groups it would not accept.
Where- USA
When- 1936
Why- Got involved in industries that the AFL wouldn’t and became a major force in the American industries.
John L. Lewis
Who- Leader of United Mine Workers
What- Union leader that created the CIO
Where- USA
When- 1936
Why- The CIO created a Union group for many industries that didn’t previously have one, like textiles and became prominent in the automobile and steelworks industry
Sit Down Strike
Who- UAW
What- Were workers go to work and just sit there, not working, preventing other people from coming into work in their place
Where- USA
When- December 1936
Why- So Unions would get recognized.
Social Security Act
Who- Roosevelt
What- Gave retired people money from the gov and created pensions which the boss and gov would pay to retired people.
Where- USA
When- 1935
Why- Influenced by Francis Townsend. Helped elderly significantly.
Federal Writers Project
Who- Writers
What- Gave writers a chance to keep writing while receiving a government salary
Where-USA
When- 1930’s
Why- The nation was in a depression and people needed to spend money to boost the economy which means they needed jobs.
Court Packing Plan
Who- FDR
What- Wanted to add 6 new judges to the Supreme Court with every judge over 70.
Where- USA
When- 1936
Why- Wanted to appoint new liberal judges and claim courts were overworked.
Broker State
Who-
What- The New Deal made the federal government a mediator in that continuous competition a force that could intervene when necessary to help some groups and limit the power of others.
Where- USA
When- 1939
Why- Instead of forging all elements of society into a single, harmonious unit, as some reformers had once hoped to do, the real achievement of the New Deal was to elevate and
strengthen new interest groups so as to allow them to compete more effectively in the national marketplace.
Marian Anderson
Who- African American Concert Singer
What- Was not allowed to perform somewhere but then Elanor Roosevelt objected and got said singer a different venue to sing at
Where- USA
When- 1930’s
Why- Elanor Roosevelt was a huge racial activist
Frances Perkins
Who- First Female Cabinet Member
What- She held the position of Secretary of Labor and helped create a female network within the government
Where- USA
When- 1930’s
Why- Advanced women’s rights and was mainly done due to Elanor Roosevelt
John Collier
Who- Commissioner of Indian Affairs
What- Wanted Native Americans to be able to live life on their terms and not have to assimilate
Where- USA
When- 1930’s
Why- Spent time in tribal cultures in New Mexico and realized that viewing natives way of life as savages and the white way of life as civilized was messed up.
