Term
-recovery
-buys up surplus
-pays farmers not to grow crops on part of their land
-declared unconstitutional |
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Definition
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-led by David Lilienthal
-built a hydro-electric network that supplied cheap power to the region
-relief/recovery
-also created jobs |
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Definition
Tennessee Valley Authority
TVA |
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Term
-recovery/relief
-FDR closed banks for 4 days
-permitted banks to reopen with a Treasury Department license
-enlarged the gov's regulatory power over money and banking
-provided for the orderly management of failed banks
-only let healthy banks reopen
-first thing FDR does |
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Definition
| Emergency Banking Relief Act |
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-insured all bank deposits up to $5000
-separated deposit banking from investment banking
-recovery/reform |
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Definition
Federeal Deposit Insurance Corporation
FDIC |
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Term
-employed jobless youths in such projects as reforestation, park maintence, and erosion control
-relief |
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Definition
Civilian Conservation Corps
CCC |
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Term
-helped needy citizens refinance their home mortgages
-refinanced 1/5 of all US mortgages
-relief/recovery
-same for rural famers facing the loss of their farms |
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Definition
Home Owners Loan corporation
HOLC
Farm Credit Administration
FCA |
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Term
-led by Harry Hopkins
-appropriated $500 million to replenish the empty relief coffers of states/cities
-relief |
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Definition
Federal Emergency Relief Act
FERA |
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Term
-led by Hugh Johnson
-decalred unconstitutional |
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Definition
National Industrial Recovery Act
NIRA/NRA |
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Term
| -oversaw the stock market |
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Definition
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Term
-led by Harry Hopkins
-expanded nearly a billion $$ on short-term work projects for the jobless
-relief |
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Definition
Civil Works Administration
CWA |
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Term
-led by Harry Hopkins & Harold Ickes
-gave jobs
-built many projects of enduring value
-worked slowly
-relief |
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Definition
Public Works Administraion
PWA |
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Term
-the stock market began to decline & people began to sell
-the next day they tried to pump more money into into the market causing it to rise a little |
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Definition
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Term
-October 29, 1929
-the official day the stock market crashed |
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Definition
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Term
| -money is given to rich through tax breaks because they will use the money to invest in new companies, giving jobs & money to the poor |
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Definition
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Term
-give money to the poor
-DEFICIT SPENDING |
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Definition
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Term
-Hoover's plan
-gave loans to banks & insurance companies |
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Definition
| Reconstruction Finance Corporation |
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Term
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Definition
| Farmers Holiday Association |
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Term
| -WW1 veterans went to Washington D.C. & demanded their bonus checks early |
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Definition
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Term
-Hoover vs. FDR
-voters wanted ANYONE but Hoover
-FDR seemed enthusiastic |
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Definition
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Term
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Definition
| "Happy Days are Here Again" |
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Term
| -FDR made it seem like he was talking to each listener individually |
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Definition
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Term
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Definition
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Term
-FDR would add one member to the Court for each member over 70
-just so FDR could get his supporters on the Court |
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Definition
| Supreme Court Packing plan |
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Term
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Definition
Recession of 1937
("Roosevelt Recession") |
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Term
-Congressional election
-many Democrats lost their spots because of FDR's Supreme Court Packing plan |
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Definition
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Term
too much credit
buying stocks on margin
factory overproduction
farmers surplus & overproduction
international trade :( b/c of high tariffs
federal reserve didn't do anything to control outrageous lending |
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Definition
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Term
| gave $750 million of the government's gold reserves for loans to private businesses |
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Definition
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Term
-overproduction of goods during the 1920's
corporate profits increase, workers' wages did not
poor farmers
other countries have other economic crises |
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Definition
| underlying causes of the depression |
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Term
kept saying it would be over soon
1930: set up Emergency Committee for Employment to coordinate efforts of voluntary relief agencies
1931: National Credit Corporation to get big banks to lend to small banks
approach to gov: VOLUNTARISM & believed in as little gov. interference as possible |
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Definition
| Hoover's response to the depression |
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Term
| direct help ($$, jobs, food) to help people survive the Depression |
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Definition
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Term
| fix the businesses that are not working, reinstill confidence in American economy, get economy growing again |
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Definition
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Term
| regulate stock marker, prevent another Depression from happening |
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Definition
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Term
-headed by Harry Hopkins
-funneled relief assistance directly from the federal gov. to individuals
-provided work rather than handouts for the unemployed
-built roads, bridges, schools, hospitals, post offices, etc. |
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Definition
Works Progress Administration
WPA |
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Term
-spring of 1935
-made low-interest loans to utility companies & farmers' cooperative to extend electricity to the 90% of rural Americans without it |
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Definition
Rural Electrification Administration
REA |
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Term
-July 1935
-guaranteed collective-bargaining rights, permitted closed shops (HAD TO JOIN A UNION), & outlawed spying on unions, blacklisting labor "agitators" |
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Definition
National Labor Relations Act
NLRA
WAGNER ACT |
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Term
-1935
-established pensions for old people, survivors' benefits for the victims of industrial workers, etc. |
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Definition
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Term
-1938
-banned child labor
-established a minimum wage of $.40 an hour & a maximum workweeks of 40 hours
-improved working conditions |
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Definition
Fair Labor Standards Act
FLSA |
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Term
-workers
-poor
-liberals/progressives
-minorities (African Americans & Women)
-union members
-urban people
-many (not all!) farmers |
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Definition
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Term
-old people (led by Townsend)
-rich (thought he was more working class oriented & raised taxes)
-Huey Long (FDR didn't go far enough) & other radicals (communists)
-conservatives/fiscal conserv. (programs were too expensive & explanded gov. too much) |
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