Great Depression & New Deal
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45 terms
Terms | Definitions |
|---|---|
New Deal | The _____ was Roosevelt's plan for getting out of the Depression (relief, recovery, and reform). |
lame-duck | time period between FDR's election in November and his inauguration in March |
Fear | What FDR said we should fear. |
Hundred days | _____- the 1st 100 days Roosevelt was in office. This was a time of many new programs to try to improve the economy. |
Bank Holiday | _____- time when Roosevelt closed all U.S. banks to see if the banks were financially healthy. He wanted to restore confidence in the banking system. |
Federal Deposit Insurance Corporation (FDIC) | The _____ insured bank deposits up to $2,500 initially |
Securities and Exchange Comission (SEC) | The _____ regulated the stock market. |
FERA (Federal Emergency Relief Administration) | Roosevelt's relief organization called _____ which helped people find jobs. |
Public works programs | _____ were government-funded projects to build public facilities. |
CWA; 4; | The _____ employed __ million workers to build roads, parks, airports, and other facilities. |
CCC (Civilian Conservation Corps); 2.5 | The _____ put __ million young, unmarried men to work maintaining forests, beaches, and parks. |
John Collier | _____ was Roosevelt's commissioner of Indian Affairs. |
NRA (National Recovery Administration) | The _____ tried to balance the unstable economy through extensive planning by regulating businesses to make sure they were practicing fair business practices. |
PWA | The _____ launched major public work projects like building the Grand Coulee Dam. |
Federal Housing Act (FHA) | The _____ was created to improve housing standards and conditions and to insure mortgages (loans). |
AAA (Agricultural Adjustment Administration) | The _____ raised farm prices by paying subsidies or government financial assisstance to farmers who cut production of certain crops. |
Tennesee Valley Authority (TVA) | The _____ provided cheap electric power, flood control, and recreational opportunities to the entire Tennesee Valley. |
Brain trust | _____- informal group of intellectuals who were FDR's advisors. |
Frances Perkins | President Roosevelt appointed the 1st woman cabinet member when he appointed _____ as Sec. of Labor. |
Eleanor Roosevelt | Her husband's greatest advisor. |
NRA | Some "New Deal" legislation failed and the Supreme Court said the _____ was unconstitutional. |
Second New Deal | The _____ went into effect. This caused more social welfare, benefits, stricter control over business, stronger support for unions, and higher taxes on the rich. |
Rural Electrification Administration (REA) | Through the _____ 98% of the farms eventually had electricity compared to 10% at the beginning of the Depression. |
a) set up old-age pensions and survivor's benefits. b) set up unemployment insurance. c) set up aid for dependent children, the blind, and the disabled. | In 1905, Congress set up the Social Security system which: |
Alfred M. Landon | Roosevelt won re-election in 1936 when he defeated _____, the Republican, by a landslide. |
Republicans; Democrats, Progressives, and Socialists | _____ thought the New Deal went too far. Some _____ did not think the New Deal went far enough. |
Revenue Act of 1935; Wealth Tax Act | Wealthy people disliked Roosevelt because of the _____ or the _____ which raised taxes on the rich. |
wealthy | Social Security was resented by the _____. |
American Liberty League; Alfred E. Smith | The _____ led by _____, a leading business leader, said the New Deal limited individual freedom. |
Progressives and Socialists | _____ charged that the New Deal didn't help enough people. |
Father Coughlin; nationalization | _____, who was called the "Radio Priest", was a demagogue. He was openly anti-Jewish and praised Hitler and Mussolini. He believed in _____ which was a government takeover and ownership of banks and the redistribution of wealth. |
Huey Long; 1$; $5 | _____ was another demagogue. He wanted to limit individual income to __ million and inheritance to __ million and then redistribute the wealth. |
deficit spending | Some modern day critics disliked subsidies when the country needed food. They also criticized "_____" development which was paying out more money from the annual federal budget than the government receives in revenues. |
pack the Supreme Court | Roosevelt lost some popularity by trying to _____ with liberal justices by raising the number of justices in office. He was later forced to drop the idea when the Republican and southern Democrats sided together. |
recession | _____- a period of slow business activity. |
recession | There was some improvement in the Depression in the mid 1930's but a _____ hit the country after Roosevelt cut some of his federal programs. |
36% | Union membership rose about 7.5 million people during the Depression and by 1935 some __ of Americans were unionized. |
American Federation of Labor; Committee for Industrial Organization | The AFL stands for _____ and the CIO stands for _____. |
General Motors; Frank Murphy | _____ in Flint, Michigan was shut down by a sit-down strike. President Roosevelt and MIchigan governor _____ refused to send in the militia. |
unconstitutional | The Supreme Court eventually declared sit-down strikes _____. |
John Steinbeck | The Grapes of Wrath by _____ were written during the Depression. |
Radio; Movies | _____ and _____ became a major source of entertainment during the Depression. |
WPA | The _____ provided numerous jobs for unemployed artists, musicians, historians, theater people, and writers. |
FDIC, SEC, and Social Security | Much of the New Deal legislation is still in existence today, like the _____, the _____, and _____. |
World War II | Event that actually ended the Depression |
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