Flashcards
New Deal
Cards in this deck (14)
- 1Emergency Banking Relief ActRestore faith in banking system
4 day period “holiday” all banks in U.S. were closed for inspection of their books to make sure they were financially secure - 2Glass-Steagall Act-Prevented banks from making risky investments
Lasted 66 years - 3FDICFederal Deposit Insurance Corporation
Matching: Protected deposits in banks
Quick Fact?: Up to $2500 at the time - 4SECSecurities & Exchange Commission
Matching: Government agency that monitors investments to make sure they are legitimate - 5AAAAgricultural Adjustment Administration
Matching: Paid farmers not to plant crops in an attempt to reduce the surplus of grain
Declared UNCONSTITUTIONAL by the Supreme Court - 6CCCCivilian Conservation Corps
Matching: Job program that focused on the planting of trees & other agricultural projects - 7NIRANational Industrial Recovery Act
Matching: Created an alliance between government & business to regulate the economy - 8FHAFederal Housing Administration
Matching: Provided low-interest loans to people so they could buy houses - 9WPAWorks Progress Administration
Matching: Largest New Deal program-- provided 8.5 million new government jobs (lots of construction projects) - 10PWAPublic Works Administration
Matching: Provided jobs to build structures (hospitals/schools/government buildings, etc) - 11NYANational Youth Administration
Matching: Job training programs targeting unemployed young people (age 16-25) - 12National Labor Relations Act (Wagner Act)Matching: Tried to make labor (union) & management (owners) use collective bargaining as a way to negotiate
- 13TVATennessee Valley Authority
Matching: Built dams in poor, rural areas in 7 states - 14REARural Electrification Association
Matching: Provided electricity for rural communities