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Flashcards in New Deal Legislation Deck (19)
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insured everyone's savings up to $5000;depositors knew they would get their money back

FDIC (Federal Deposit Insurance Company)


symbol was a blue eagle;slogan "We do our part";industrial codes had to be approved, supervised, and enforced

NRA (National Recovery Administration)


constructed 125000 public buildings, 650000 miles of roads, 750000 bridges;1935; found useful work for millions of men and women, administered by Harry Hopkins;it had a Federal Arts program that hired writers, actors, artists, and musicians

WPA (Works Progress Administration)


1933 and 1938: though Supreme Court declared it unconstitutional in United States v. Butler et al.;push prices for farm goods up by cutting down the amount of crops produced;government bought up land and did not allow planting on it;farmers benefited from rent from government for land and they got higher prices for goods because less land was being used so the total amount grown was smaller

AAA (Agricultural Adjustment Act)


brought electricity to Tennessee Valley;"father" was Geroge W Norris of Nebraska;manufactured fertilizers, built more dams for flood relief, and develop lakes and parks for recreation;1933: covered 41000 square miles in 7 states, and developed into the nation's largest utility

TVA (Tennessee Valley Authority)


1933; workers lived in camps owned by army and provided food and shelter and $1 a day in wages, most of which were required to be sent home;cleared brush, planted tress, built small dams, and perform dozens of other useful tasks;put unemployed young men from poor families to work on various conservation projects, over 3 million men from 18-25

CCC (Civilian Conservation Corps)


1934: Joseph P Kennedy was the first chairman;Regulated the ways companies could issue and sell stock

Federal Securities Act / Securities and Exchange Commission


1935: required management to bargain in good faith;gave labor unions the right to organize and bargain collectively

Wagner Labor Relations Act


helped people who were unable to meet mortgage payments to hold onto their homes

HOLC (Home Owners Loan Corporation)


ran union elections and settled disputes

NLRB (National Labor Relations Board)


1933: cornerstone of the New Deal, created Works Progress Administration under Interior Secretary Harold Ickes;goal was to stimulate private business by permitting manufacturers to cooperate with one another without fear of violating antitrust laws;industries were to draw up rules called codes of fair competition;industries could set up limits that each could produce in order to avoid flooding market with goods that could not be sold;industries could fix prices to avoid cutthroat competition

NIRA (National Industry Recovery Act)


found jobs for 4 million people out of work

CWA (Civil Works Authority)


1934: aid housing industry, established Federal Housing Authority, the Federal National Mortgage Association, and the Federal Savings and Loan Insurance Corporation;insured its first mortgage loan in 1934 in Pompton Plains NJ

FHA (Federal Housing Act)


1935; brought electricity to remote farm districts

Rural Electrification Administration


outlawed child labor

Fair Labor Standards Act


1933: administered Harry Hopkins;distributed $500 million in federal grants among state organizations that cared for the poor

Federal Emergency Relief Administration


1935: provided financial assistance for the aged, needy, unemployed and disabled; also established survivor's benefits;set up system of old-age insurance paid for partly by workers and their employers

SSA (Social Security Act)


employed college students

NYA (National Youth Administration)


it provided that when prices were low, producers of wheat, cotton, and other crops could store crops in government warehouse instead of selling them, the corporation would lend money for the farmers to put crops in storage

Commodity Credit Corporation