The Great Depression
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VictoriaAlbin on December 21, 2011
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For the history test tomorrow.
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31 terms
Terms | Definitions |
|---|---|
 Agricultural Adjustment Administration (AAA) | Relief - To aid farmers and to regulate crop production. |
| The Tennessee Valley Authority (TVA) | Recovery - To develop the resources of the Tennessee Valley. Building dams. |
| Rural Electrification Administration (REA) | Recovery - To provide cheap electricity for isolated rural areas. |
| Emergency Banking Relief Act (EBRA) | Reform - To regulate bank transactions in credit, currency, foreign exchange, gold, and silver. |
| Banking Act of 1933 (Glass-Steagell Act) | Reform - To set up the Federal Deposit Insurance Corporation. |
| Federal Deposit Insurance Corp (FDIC) | Reform - To protect bank deposits up to $5000. The amount now protected by the FDIC is $100,000. |
| National Recovery Administration (NRA) | Recovery - To provide "codes of fair competition and to give labor the right of collective bargaining. |
| Securities and Exchange Commission (SEC) | Reform - To supervise the stock exchanges and eliminate dishonest practices. |
| Public Utilities Holding Company Act | Reform - To eliminate holding companies of utilities that did not operate efficiently and economically. |
| Banking Act of 1935 | Reform - To create a seven-member board of public officials to regulate the nation's money supply and the interest rates on loans. |
| Food, Drug, and Cosmetic Act | Reform - To require manufacturers to list ingredients in food, drugs, and cosmetics. |
| Employment Projects | Created as many jobs as possible as quickly as possible in various areas and train youth for careers to lower unemployment rates of the Depression. They were all relief efforts. |
| Civilian Conservation Corporation | CCC |
| Federal Emergency Relief Act | FERA |
| Civil Works Administration | CWA |
| Public works administration | PWA |
| Works Progress Administration | WPA |
| National Youth Administration | NYA |
| Home Owners Loan Corp (HOLC) | Relief - To give loans at low interest to home owners who could not meet mortgage payments. |
| Federal Housing Administration (FHA) | Reform - To provide loans for the building and repair of houses. |
| Social Security Act | Reform - To provide a pension for retired workers and their spouses and to aid the handicapped. |
| United States Housing Authority | Reform - To provide federal loans for a nation-wide home improvement program. |
| National Labor Relations Act (Wagner-Connery Act) | Reform - To define unfair labor practices and to establish a national labor relations board to settle differences between employers and employees. |
| Fair Labor Standard Act | Reform - To set up a national minimum hourly wage and a maximum work week and to prohibit children under 16 from working in factories. |
| 4 issues with american economy | 1. fewer industries controlled more business, less competition 2. smaller business monopolized 3. federal policies regulating trusts and corporate affairs were ended 4. Agriculture was suffering, surplus in food |
| 1928 | What year did purchasing stocks reach an all-time high? |
| Black Thursday | October 24, 1929 - Stock market dropped about 10-15% People panicked and bankers panicked. |
| Black Monday | October 28, 1929 - People sold and traded even more stocks |
| Black Tuesday | October 29, 1929 - Stock market collapsed |
| first New Deal (first 100 days) | In Roosevelt's first 100 days, he passed the Agricultural Adjustment Act, the Federal Emergency Relief Agency, and more |
| second New Deal | Social Security and Rural Electrification |
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