The New Deal
Terms in this set (22)
Republican president in the late 1920s, who reacted slowly to the Great Depression & then lost to FDR in 1932.
Franklin Delano Roosevelt
Democratic president who created the New Deal to counter the effects of the Great Depression.
The 1932 Presidential Election
Landslide election of Democrat FDR and his New Deal policies.
The New Deal
Targeted economic relief, economic recovery, and financial reform.
Expert advisers who worked with FDR to end the Great Depression.
Emergency Bank Relief Act
Passed by Congress in an attempt to stabilize the banking system (closing banks, investigating banks, reopening safe banks).
Informal talks given by FDR over the radio to gain the confidence of the people.
Federal Deposit Insurance Corporation. Federally insuring up $5,000 in private banking.
Prohibited commercial banks from engaging in investment banking services and also created FDIC.
Securities and Exchange Commission
Monitors the stock market and enforces laws regulating the sale of stocks and bonds.
Civilian Conservation Corps, provided relief work for young men in food control, planting, flood work, etc.
Public Works Administration, put people to work building or improving public buildings like schools, post offices,etc.
Civil Works Adminstration, put more than four million people to work in civic positions.
Work Progress Administration, work relief program funded projects ranging from construction to acting.
Agricultural Adjustment Administration, regulated farming production, later ruled unconstitutional.
National Industrial Recovery Act, enforced codes of fair competition, minimum wages, and to permit collective bargaining.
Homeowners Loan Corporation
Federal government bought mortgages and rewrote them on easier payment scales.
Farm Credit Administration
Federal government refinanced mortgages for farmers who had lost their homes & land
Second New Deal
A new set of programs and reforms launched by FDR in 1935 to guarantee reelection.
Granted rights to unions; allowed collective bargaining.
Social Security Act
Provides a minimal level of sustenance to older Americans to save them from poverty.
When a government spends more than it takes in and goes into debt.