Ch. 15 Test Topics
Describe the cycle of the Great Depression?
What was the New Deal(1st and 2nd) and it's goals(3 R's)?
-1st focused on economic recovery(1933-34)
-2nd on social justice(1935-36)
-Relief..immediate action taken to stop the economy crashing
-Recovery..temporary prgrams to restart the flow of consumer demand
-Reform..prgrams to avoid another depression and insure citizens against economic disasters
Why did people criticize the New Deal?
-it failed to end the Great Depression
-Too much government regulation
-He removed the gold standard
Why was FDR upset with the US Supreme Court and what did he do to try to solve this issue?
-The Supreme Court thought many of the large organizations of the New Deal were unconstitutional
How did the New Deal help:
unemployed.. FERA-create construction jobs for people, gave clothes food.. TVA-created to provide navigation, electricity generation, flood control,
farmers..Agricultral Adjustment Act-reduce crop surplus, raise value of crop, Agricltral Adjustment Act of 1938..pre much same thing besides taxing..paid farmers to reduce less, Soil conservation and domistic allotment act of 1936..allowed government to pay farmers to decrease something, farm security administration-helped poor rural americans become more self sufficent during depression, Rural Electrification Administration-created to being electricity to rural areas
factory workers/labor..NRA-abolish child labor, national labor relations act-federal law that limits how employees can react to labor unions, engage in collective bargaining, and participate in strikes (encourages and promotes collective bargaining) , fair labor act-established a minimum wage
young people..NYA..helped young kids get jobs
banks/business..Glass-Steagall Act-prohibits commercial banks from engaging in the investment business, EBRA-gave bank holiday, helped fund people that needed loans when banks were failing, FDIC
home owners, Banking Act..provide insurance to banks
elderly..Social Security Act-gives money to retired people,
stock market.. FDIC-secures if the bank goes bankrupt, you'll get your mioney back
consumers..gave the FDA the authority to oversee the safety of food, grugs, and cosmetics
home owners..helped people by buying up mortgages from banks
Describe the culture of the 1930's.
Key terms:
Hundred Days..first 100 days in office
fireside chats..series of radio broadcasts from Roosevelt
priming the pump..to get the economy jumpstarted they had to spend money
deficit spending..spending money that you don't have
Describe the culture of the 1930's.
Key terms:
Hundred Days..first 100 days in office
fireside chats..series of radio broadcasts from Roosevelt
priming the pump..to get the economy jumpstarted they had to spend money
deficit spending..spending money that you don't have
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