Exam 2 pt6 Flashcards
Does the New Deal end the Great Depression?
No
Who is the father of national debt / father of our modern-day national government?
FDR
What holiday for 4 days where the treasury shuts down every bank in the USA to see how stable they really were called?
Bank Holiday
What happens if the bank funds are inadequate?
The bank remains closed until the economic situation has improved.
What act is it called If a bank was unstable so then the federal government will loan money to the bank to restabilize it?
Emergency Banking act
What did FDR manage to stop from collapsing? How much do we still have left?
banks/ 60%
What is Federal Deposit Insurance Corporation (FDIC)? / Why did FDR do this?
If you invest money into the bank and we have another great depression hit, then you will get 25 thousand dollars of your savings back. FDR did this to get money spread out across the banks on the US.
Which program is it when the government provides information on which businesses were safe to invest in.
Securities and Exchange Commission (SEC)
The government buys surplus food from farmers is from which program? / What did the supreme court call this program? / FDR made what act so farmers can’t use the land because of conservation?
Agricultural Adjustment Act (AAA) / unconstitutional/ Conservation Act
What program is this called where the congress and the president put Americans to work and took surplus products and melting them down?
National Industrial Recovery Act (NIRA)
Who convinces congress to increase the pay of the workers by 75 cents an hour who were melting the products down?
Hugh S. Johnson
What section was added to National Industrial Recovery Act where the government says if any workers wished to join a union it would be legal?
Section 7A
Which program employed 11 million people and is the biggest job opportunity during the 1930s. Largest public works program? / People build dams along every major river system and prevented what?
Tennessee Valley Authority (TVA) / Major River system/ Prevented floods and produce electricity.
Civil Works Administration (CWA) was aimed towards which group? / Civilian Conservation Corps (CCC) was aimed towards which group?
Adults/ Kids
Which program is FDR favorite program?
Civilian Conservation Corps
