Great Depression Flashcards
(23 cards)
CCC
aimed at over two million unemployed unmarried men between the ages of 17 and 25. Mostly African American. CCC participants left their homes and lived in camps in the countryside. military style disciple. hard labor
FDIC
Federal Deposit Insurance Corporation: depositors in member banks were given the security of knowing that if their bank were to collapse, the federal government would refund their losses
AAA
Agricultural Adjustment Association. farmers produced less, the prices of their crops and livestock would increase. 7 basic farming products: wheat, cotton, corn, tobacco, rice, hogs, and milk.
TVA
Tennessee Valley Authority: Funds were authorized to build 20 new dams and to teach residents better soil management. The hydroelectric power generated by the TVA was sold to the public at low prices
SEC
Securities and Exchange Commission: created to watch the stock market
USHA
United States Housing Authority: began government-owned low-income housing projects.
WPA
Works progress administration. largest relief program of all. employed nearly 9 million Americans before its expiration. Americans of all skill levels were given jobs to match their talents. Mostly construction jobs
RFC
Reconstruction Finance Corp. distributed half billion dollars for loans to banks, corporations, and state governments.
example of the RFC: Golden Gate Bridge was built because of RFC
Smoot Hawley
High tariff. Forced countries to stop trading
Francis Perkins
First female cabinet.
Huey P Long
Share Our Wealth. proposed a 100% tax on personal fortunes exceeding a million dollars
Court packing
Add more appts in Supreme Court
HOLC
Mortgage. Homeowner
Social security
Money for disabled and old people
Dust bowl
Dust storms and migration west
NRA
Outlawed child labor. Minimum wage. 40 hour work week.National Recovery Administration
FERA
gave $3 billion to state and local governments for direct relief payments.
Bank Holiday
banking transactions were suspended across the nation except for making change.
FCA
refinanced many mortgages in danger of going unpaid (allowed any farmer to buy back a lost farm at a law price over six years at only one percent interest)
NYA
National youth administration. providing work and education for Americans between the ages of 16 and 25.
Francis Townsend
Suggested The old age revolving pension: called for every American over the age of sixty to retire to open up jobs for the younger unemployed. The retirees would receive a monthly check for $200
Pump priming
Putting money in to spark economy
PWA
Public works administration. large-scale public works construction agency in the United States. Built dams, schools, hospitals, etc.