The New Deal: 1920-1938 Flashcards
SEC
- regulates the stock market; makes sure rules are followed
- banks can’t loan money to the stock market
WPA (Works Progress Administration)
Employed artists to make posters
FERA (Federal Emergency Relief Association)
Direct welfare
TVA (Tennessee Valley Authority)
Put hydroelectric dams along the Tennessee River
Brought electricity to “poverty pockets”
AAA (Agricultural Adjustment Act)
Government gave money to farmers to not produce certain products
-Declared unconstitutional
PWA (Public Works Administration)
- government gave out loans to private businesses
- hired companies to build public works
CCC (Civilian Conservation Corps)
Gave employment opportunities to young men
Conservation work
NRA (National Recovery Act)
Created rules that companies had to follow
Set limits on everything
The Three R’s
Relief
Recovery
Reform
Huey Long
- should take away property from the rich and redistribute it among the poor
- free college education
- receive money each year from the government
Father Charles Coughlin
-the best way to end the depression is by heavily taxing the rich
Dr. Francis Townsend
- old people
- if you were over the age of 60 and retired, every month you would get 200$ from the government
Herbert Hoover
Rugged individualism:
- people were self made individuals
- was against welfare
Trickle Down Economics
Hoover’s plan to end the depression
- give money to banks and rural credit companies and solid companies
- congress should fund public projects
- money starts at the top and eventually makes its way to the poor
Henry Ford
- invented assembly line
- sold cheaper, quality cars
- raises his workers pay