America: New Deal Flashcards
(25 cards)
What was the theory behind ‘The alphabet agencies’?
The government creates jobs by spending money
Once workers earn wages, they start buying goods
Firms and businesses then start hiring new workers
What was did the FCA stand for?
Farm credit Administration
What was the FCA?
Lent money to farmers who couldn’t keep up with loan payments
What did the AAA stand for?
Agriculture Adjustment Agency
What was the AAA?
Paid farmers to produce less - food prices rose and farmers income increased
What did the NRA stand for?
National Recovery Administration
What was the NRA?
Encouraged young workers and employers to work out a code of fair conditions and pay
Gave workers the right to join a trade union
What did the TVA stand for?
Tennessee Valley Authority
What was the TVA?
Provided work building dams and electric power stations along the Tennessee River area
What does the HOLC Stand for?
Home Owners Loan Corporation
What does the HOLC do?
Gave loans to people struggling to pay their mortgages
What does the CCC stand for?
Civilian Conservation Corps
What does the CCC do?
Put jobless 18-25 year olds to work in the country side creating 2.5 million jobs
What does the CWA stand for?
Civil Works Administration
What does the CWA do?
Provided temporary jobs for 4 million people, building schools, airports and roads
What does the FERA stand for?
Federal Emergency Relief Agency
What does the FERA stand for?
$500 million was given to states to help the homeless
What was the opposition of the new deal from the rich?
To pay for the new deal FDR raised taxes for rich people - angered them
What was the opposition of the new deal from business people?
Many business owners didn’t like the way the new deal agencies ‘interfered’ with business and gave more right to workers
What was the opposition if the new deal from the supreme courts?
Ruled that the AAA agency was illegal - giving help to farmers was a matter for state governments
What was the opposition of the new deal for the republicans?
Many republicans who believe in ‘Laissez Faire’ were horrified by the way the new deal dominated people’s lives
What was Huey long’s alternative for the new deal called?
‘Share our wealth’
What was the ‘share our wealth’?
All fortunes over $5 million would be confiscated and shared out and every family would receive $5000 to buy a radio, car and a house
What was Francis Townsend’s alternative ideas for the new deal?
Wanted everyone to retire at 60 to give more job opportunities to younger people
