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"Bank Holiday"

FDR closes all American banks for 4 days (Congress meets to discuss legislation); Creates a great sense of relief for the public

Emergency Banking Act

Generally Conservative Bill- Treasury Department inspections of all banks before reopening; Federal assistance to troubled institutions; thorough reorganization of those with most difficulty

Agricultural Adjustment Act (AAA)

May 1933; Program for reducing crop production (stop producing surplus goods) and stop the decline in farm prices; Ruled unconstitutional in 1936

The Radio President

FDR- First president to regularly use the radio; "Fireside Chats" to explain prgrams and plans & gain give the people confidence in them

National Industrial Recovery Act (NIRA)

June 1933; Establishes minimum wages and helps create jobs;

Public Works Admin. (PWA)

Established to administer NIRA's spending programs

Schechter Decision

Schechter Brothers (Run poultry business in Brooklyn); Congress rules not engaged in interstate commerce, therefore, not subject to federal regulation

Tennessee Valley Authority (TVA)

Gives 2.5 million poor citizens jobs and land by building dams (Creates cheap electricity for southern states)

Glass-Steagall Act

June 1933; Gave government authority to curb irresponsible speculation by banks, Established the Gederal Desposit Insurance Corporation (Insures that if a bank fails, money up to $2500 is still guarenteed)

Truth in Securities Act

1933; To protect investors in the stock market; Requires corporation issuing new securities to provide full/accurate info to the public

Federal Emergency Relief Administration (FERA)

Provided cash grants to states to prop up bankrupt relief agencies

Pump Priming

Spending government money in commercial enterprises to help stimulate the economy

Civilian Conservation Corps (CCC)

To provide employment to young men w/ no jobs in cities- created camps in places like national parks where the men worked in a semimilitary environment on jobs like planting trees and building parks

Federal Housing Admin.

To insure mortgages for new construction and home repairs

"Second New Deal"

Launched by FDR in spring of 1925 in response to growing criticism; new program of legislation; FDR willing to attack corporate interests openly

"Popular Front"

Critics of FDR (Far left); Communist Party, Socialist Party, Radical and semiradical organizations critical of the New Deal

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