great depression reforms

36 terms by smmac97

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Civilian Conservation Corps

CCC - put males to work, men lived on army camps

FERA

Federal Emergency Relief Act - provided money to states for food and clothes to the ill, unemployed or elderly

AAA

Agricultural Adjustment Act - government agreed to pay farmers a certain amount for land left unseeded, caused farm condition prices to rise and farmers to thus receive more income

TVA

Tennessee Valley Authority - first example of regional planning by the government, helped conserve and develop the countries national resources by building dams to control the Tennessee river and provide hydroelectric power, which resulted in new factories, new energy and new jobs

SEC

Security and Exchange commission - gave federal trade commission power to supervise new securities

HOLC

Home Owners Loan Corporation - gave government loans to home owners facing foreclosure

FDIC

Federal Deposit Insurance Corporation - set up by Glass-Steagall Act, to protect deposits up to 5,000

WPA

Works Progress Administration - improved playgrounds, schools, hospitals

Wagner Act

legalized such practices such as collective bargaining and closed shops (workplaces for only union workers)

Social Security

worked to provide financial security, in the form of regular payments

Hoover

didn't believe in deficit spending and refused to go into debt

rugged individualism

direct federal relief

Reconstruction Finance Corporation

RFC, gave tax cuts and support to bib businesses (loans)

main causes of depression

economic policy (high protective tariff, trickle down effect, laissez-faire), stock market crash (risky investments in hopes of lots of $), banks collapsing, over production, farming industry, unequal distribution of wealth

stock market crash

10/29/29 - caused by risky investments with hope of big business loan

bonus army

veterans joined together to storm capital in order to get the bonus they had been promised

relief

quick programs, short term fixes

recovery

ongoing programs that might get people and nation back on feet

reform

fix problems that causes great depression

first hundred days

FDR pushed programs back in order to gain relief, create jobs and stimulate economy

20th amendment

pres took office on january 20th, no president elects

21st amendment

repeal of prohibition

bank holiday

all banks are closed

National Industry Recovery Act

NIRA

Francis Perkins

first women in cabinets secretary of labor

Keynesian economics

go into debt/deficit spending

new deal opposition

high taxes, high debt, big government regulation and size, basically socialism

Huey Long

Share our wealth - everyone in country got $5000 a year, money taken from wealthy in taxes

francis Townsend

Townsend act - over 60 you got $200 a month to spend within that month

Mary Mcleod Bethune

held highest position of black women in new deal

liberty league

wealthy who disagree with the new deal

supreme court

people in it disagreed with FDR and said that the AAA, NIRA were unconstitutional

court packing

pack court with FDR supporters

Eleanor Roosevelt

supported the new deal

connects to today

SEC and social sercurity

new deal?

it was good - social security, reduced debt for famers and homeowners, WPA (created works projects still used today), welfare reforms

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