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Definition
| was passed in 1933. The banks closed as independent agents and when the strong ones were allowed to reopen they did so with the watchful and regulatory eye of the Federal Reserve. Over 90 percent of the banks reopened within a week of closing. |
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| radio addresses that were very common during the first new deal) and told them, "It is safer to keep your money in a reopened bank than under the mattress." |
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| created the Federal Deposit Insurance Corporation. This guaranteed depositors their money back up to $2,500. (Today it is $100,000) This insurance policy reassured people that they could trust the banks. |
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Term
| Securities and Exchange Commission |
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Definition
| whose purpose was to regulate and monitor trading activities on the stock market. They no longer allowed buying on the margin and held companies to report accurate profits to ensure stability within the market. |
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| to be implemented on the Great Plains, this would plant rows of trees through the Great Plains that would block the wind and provide protection from the blowing dust. |
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| Tennessee Valley Authority |
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Definition
| that constructed dams and power plants in the Tennessee Valley region. It not only controlled the flooding but also brought thousands of jobs and electricity to the region. In the west, Hoover Dam (Boulder Dam) and the Grand Coulee Dam were a few of the dams constructed in the west that provided flood control, electricity and much needed water to key cities in the west. |
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Term
| Agricultural Adjustment Act |
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Definition
| This is a major piece of legislation and considered a cornerstone of the economic recovery plan of the first new deal. This program paid farmers to take a portion of their crops/livestock out of production. |
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Term
| National Industrial Recovery Act |
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Definition
| the other major piece of legislation and a cornerstone to industrial recovery. |
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| National Recovery Administration |
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Definition
| stimulated the economy through national economic planning, including industrial codes that established prices, production levels and wages for a variety of industries. |
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Term
| Civilian Conservation Corps |
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Definition
| This program established over 2,650 army-style segregated camps to house and provide a healthy, moral environment for unemployed urban males ages 18 - 25. |
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| Former Governor and Senator from Louisiana. He planned to challenge FDR for the Democratic presidential nomination in 1936. He believed FDR did not address the poverty and only provided quick fixes for long term problems. |
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Definition
| said that every family should make $2,000 dollars a year. If they do not then they would receive funding by the government to bring them up to this level. He supported veteran's benefits and old age pensions in addition to other things. |
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| A California doctor,worked with the elderly and proposed a plan referred to as the Townshend Plan. This would provide everyone over the age of 60 (retired) a $200 check each month to be spent within that month. |
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| his was a plan to add a new justice for every current justice over the age of 70. Six out of the 9 justices were over the age of 70. This meant the court would expand to 15 and FDR would choose the six justices to serve on the court. |
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Definition
| it reinstated the power of the unions and afforded them protection to organize, strike and bargain for greater wages and benefits. It also prevented unfair tactics such as blacklisting workers for union activities. |
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Term
| Emergency Relief Appropriations Act |
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Definition
| that allotted 5 billion dollars to put people back to work. Under this bill, the government created several key agencies including the National Youth Administration (enabled college students to work and stay in school). |
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Term
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Definition
| created a system of unemployment, old-age and disability insurance and to provide for child welfare. The program would begin in 1937 and initial benefits would vary depending on how much the individual had paid into the system. |
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