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36 terms

great depression reforms

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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