10: roaring 20s, great depression, new deal

Question 1

McNary-Haugen Act

Answer 1

Proposed bill that President Coolidge vetoed (1927); it tried to help farmers by raising the prices of crops in the US

Question 2

The Man Nobody Knows

Answer 2

A novel that supposedly showed the role of religion on business by portraying Jesus as the founder of modern business

Question 3

Andrew Mellon

Answer 3

Government official (Secretary of the Treasury during Harding, Coolidge’s, and Hoover’s presidencies) who helped reduce American debt from WW1 (liberty bonds) and argued for reduced taxes on corporations / wealthy individuals because it would stimulate the economy

Question 4

Reconstruction Finance Corporation

Answer 4

The Hoover Administration’s act that provided money to struggling businesses (ie, railroads and banks), as well as state governments, during the GD in the hopes that the wealth would trickle down to the people

Question 5

National Recovery Act (NRA)

Answer 5

Established business codes that companies had to comply with, including minimum wage, the right to collectively bargain, maximum hours, and more

Question 6

Section 7(a)

Answer 6

Sec. 7a of the Wagner Act gave workers the right to collectively bargain

Question 7

Glass-Steagall Act

Answer 7

Regulated banks by separating commercial and investment banking

Question 8

Federal Deposit Insurance Corps (FDIC)

Answer 8

Insured American citizens that the federal government would give them the money in their bank accounts if banks shut down

Question 9

Security and Exchange Commission (SEC)

Answer 9

Regulated the stock market by prohibiting harmful practices like over speculation and margin-buying

Question 10

Civil Works Administration (CWA) & Civilian Conservation Corps (CCC)

Answer 10

1st New Deal - gave jobs to industrial workers (manual labor on federal construction projects like building bridges, roads, schools, etc.)

CCC - especially known for giving jobs only to unmarried young men

Question 11

Federal Emergency Relief Administration (FERA)

Answer 11

Provided emergency funds to state governments to support soup kitchens for the unemployed, as well as the creation of new jobs

Question 12

Townsend Plan

Answer 12

Dr. Francis Townsend’s plan for taxes from the wealthy to go toward providing retired citizens with a fixed, passive income per month

Question 13

Huey Long- Share Our Wealth Society

Answer 13

Senator Long’s plan to raise taxes on the wealthy to redistribute wealth so that every American had at least a fixed income per year

Question 14

Congress of Industrial Organizations (CIO)

Answer 14

Labor union that organized industrial workers and broke off from the AFL because the AFL only wanted white, skilled laborers

Question 15

Indian Reorganization Act

Answer 15

Act that promoted the preservation of Native American culture and aimed to give indigenous people more control of tribes rather than the federal government by having them reorganize communities by voting for council leaders

Question 16

Francis Perkins

Answer 16

Secretary of Labor during FDR’s presidency and the first woman to be in a presidential cabinet

Question 17

Wagner Act

Answer 17

AKA National Labor Relations Act 1935 - gave workers right to unionze & collectively bargain

Question 18

Fair Labor Standards Act

Answer 18

1938 - last major reform of FDR’s second term by establishing minimum wage, restrictions on child labor, and maximum hours without overtime pay