Regulates the stock market and controls margin buying
..., Agricultural Adjustment Administration: attempted to regulate agricultural production through farm subsidies; ruled unconstitutional in 1936; disbanded after World War II
Federal Deposit Insurance Corporation: A federal guarantee of savings bank deposits initially of up to $2500, raised to $5000 in 1934, and frequently thereafter; continues today with a limit of $100,000
Federal Savings and Loan Insurance Corporation, was an institution that administered deposit insurance for savings and loan institutions in the United States
Federal Emergency Relief Administration: combined cash relief to needy families with work relief led by Harry Hopkins
The Tennessee Valley Authority federation was created in 1933 in order to provide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development in the Tennessee Valley, a region particularly impacted by the Great Depression
National labor Relations Board: (established by Wagner Act) Greatly enhanced power of American labor by overseeing collective bargaining; continues to arbitrate labor-management disputes today magnacarta of labor
The Works Progress Administration (relief); in charge was Harry Hopkins; it had a budget of approximately $5 billion for emergency relief; Hopkins put the unemployed on the federal payroll so they could meet their basic needs; hired people to assist in construction and conservation projects, preserved the skills of artists/actors/writers; still, the program didn't provide enough money to help that stagnant economy
National Recovery Administration: established and adminstered a system of industrial codes to control production, prices, labor relations, and trade practices their symbol was the blue eagle
Federal statute barring federal employees from active participation in certain kinds of politics and protecting them from being fired on partisan grounds.
Public Works Administration. Part of Roosevelts New Deal programs. Put people to work building or improving public buildings like schools, post offices,etc.
Civil Works Adminstration: emergency work relief program, put more than four million people to work during the winter of 1933-34 payed $15 a week
National Youth Administration: established by WPA to reduce competition for jobs by supporting education and training of youth
Civilian Conservation Corps. It was Relief that provided work for young men 18-25 years old in food control, planting, flood work, etc.
Rural Electrification Administration: made electricity available at low rates to American farm families in areas that private power companies refused to service
Social security act
guaranteed retirement payments for enrolled workers beginning at age 65; set up federal-state system of unemployment insurance and care for dependent mothers and children, the handicapped, and public health
period from March to June 1933 when Congress passed major legislation submitted by Roosevelt to deal with the Depression
Republic steel Strike
Strike that had 60 casualties
A. Phillip randolph
organized a march on Washington DC to protest treatment of black workers in government industries
Head of the Bureau of Indian Affairs who introduced the Indian New Deal and pushed congress to pass Indian Reorganization Act
Federal Housing Administration: expanded private home ownership among moderate-income families through federal guarantees of private mortgages, the reduction of down payments (from 30 to 10 percent), and the extension of payment form 20 to 30 years
Also known as the Indian Reorganization Act, this 1934 act partly repeals the Dawes Act and restores some Native American tribal rights
1932, 1000 unemployed WWI veterans marched on Washington demanding immediate payment of their bonuses which were to be given to them in 1945
millions of people developed an attitude of insecurity and economic concern that would always remain, even in times of prosperity.
the farmers, who in the Great Depression, were forced to move, many moved to Oklahoma
Took the US off the gold standard
Good neighbor policy
FDR's foreign policy of promoting better relations w/Latin America by using economic influence rater than military force in the region
The theory that a government policy of increasing spending and cutting taxes could stimulate the economy in a recession. (priming the pump) John Maynard Keynes
Most dramatic event that happened in the 1930's
Presidential wife who became an effective lobbyist for the poor during the New Deal
Berlin air lift
1948; when Stalin ordered the closing of West Berlin in order to starve them out and force them to join communist East Germany, Truman responded by ordering non-stop flights into Berlin carrying food & supplies; after a year, Stalin relented and re-opened the city
Election of 1948
The U.S. presidential election of 1948 is considered by most historians as the greatest election upset in American history. Virtually every prediction (with or without public opinion polls) indicated that incumbent President Harry S. Truman would be defeated by Republican Thomas Dewey. Truman won, overcoming a three-way split in his own party. Truman's surprise victory was the fifth consecutive win for the Democratic Party in a presidential election. Truman's election confirmed the Democratic Party's status as the nation's majority party, a status they would retain until the 1980's.