U.S. History Chapter 13
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36 terms
Terms | Definitions |
|---|---|
20th Ammendment | The Lame Duck Ammendment |
The New Deal | What is the name of the program that is centered on the theme of relief, recovery, and reform |
Section 7 | Provided that every NRA code must guarantee that employees had a right to organize and bargain collectively through representatives of their own choosing |
Trickle Down Theory | A theory focusing on improving the economy by giving money to banks, state and local governments, and big business |
Pump Priming | A theory focused on stimulating the economy by focusing on the individual |
Off the Gold Standard | This was an attempt by Roosevelt to devalue the currency in the United States and cause inflation |
21st Ammendment | This Constitutional Amendment allowed individuals to consume alcoholic beverages ending the 18th Amendment. |
The Court Packing Plan | This plan violated the checks and balance part of the Constitution—adding more members to the Supreme Court |
Blue Eagle | A symbol that promoted codes of fair competition—Businesses would display this symbol where it would be visible to the public |
The Banking Act of 1935 | This new law gave the Federal Reserve Board the power to control open market operations, which was the instrument used to control interest rates, therefore, the volume of credit available to the public |
Huey Long | An early supporter of the New Deal who turned against it. He was known for being a dictator in his home state of Louisiana. He proposed a "Share Our Wealth" program to redistribute wealth across the nation |
The Second New Deal | This was another period of massive legislation to improve the American economy. However, this one was aimed at ordinary people, and it provided more social welfare. |
FDR | This person said..."First of all, let me assert my firm belief that the only thing we have to fear is fear itself." |
Eleanor Roosevelt | She was a huge help to her husband in the presidency. She may have been the most important First Lady of all time. She acted as the President's eyes and ears |
Mary McLeod Bethune | This person was put in charge of a division of the National Youth Administration to ensure that minorities were hired. She also help to create the Black Cabinet |
Joseph Kennedy | This individual was appointed chairman of the Securities and Exchange Commission. This commission was the "police force" of Wall Street—new regulations for trading stocks |
John Lewis | Became the most powerful labor leader of his day—he established the Congress of Industrial Organization |
John Maynard Keynes | This individual may have been the most influential economist in this time period. "Deficit spending is the key to recovery" It was ok to spend more money than you had? |
NRA | This was an attempt to limit damaging competition by setting up "codes" of fair competition in each separate industry—Later ruled unconstitutional |
AAA | This program relied on private interest who agreed to limit their own production and was paid for not planting crops. |
TVA | The program was a success even in the face of powerful opposition from private power companies—this program brought electricity in a seven state region |
Farm Security Administration | This administration would loan money to tenant farmers so they could become landowners |
National Industrial Recovery Act | Under this Act the Public Works Administration and the National Recovery Administration were created—it allowed businesses to plan and cooperate over production, distribution, pricing, and wages. |
Public Works Administration | We often point out how Hitler used military build up as a technique for creating prosperity to Germany and leading to WW2 —Under FDR's administration, this program was very similar to Hitler's program. |
Rural Electrification Administration | This program actually brought power into rural areas where private companies had felt that economics prohibited its use |
Home Owners' Loan Corporation | The agency helped hundreds of thousands of people to keep their homes by rewriting mortgages and loaning money for taxes and repairs |
Federal Emergency Relief Administration | This organization would give direct relief to the needy. It would provide money for unemployed to furnish food and clothing. It was also provide funding for work relief programs |
Civil Works project | This program employed 4 million Americans. Many had useful jobs repairing schools, sewer pipes, road construction others had jobs with little worth—boondoggle |
Works Progress Administration | This program created a multitude of small projects that would employ as many people as possible |
Civilian Conservation Corps | This program was established in 1933 to get unemployed young men off the streets and into useful and healthful work in the countryside--focused on conservation |
FDIC | This corporation..... created federal insurance for bank deposits |
Wagner Act or National Labor Relations Act | This Act created a National Labor Relations Board to supervise the election of unions and assure union rights to bargain |
Social Security | The major piece of social legislation passed in American history. It provided care for needy dependent children, health care for mothers and children in poverty, aid to needy blind people, public health services and a system of OLD AGE pensions. |
Fair Labor Standards Act | This law set maximum hours that workers could be required to work each week. It also set up a minimum wage |
The Glass-Steagall Banking Act | This act restricted speculation by banks and created the FDIC |
Securities and Exchange Commission | This commission was created as a watchdog on the stock exchange...It hoped to prevent the type of dealing that led to the collapse of 1929 |
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