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Flashcards in Test 3 Deck (16)
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1
Q

Emergency Banking Act

A

Set up a bank holiday for the federal govt to examine bank integrity and reopen sound banks

2
Q

National Industrial Recovery Act

A

Designed to revive industrial and business activity; nations industries were to draw up a code of fair competition; each code had to have a section 7a to protect labors; schecter poultry case declared it unconstitutional because of illegal delegation of powers to the president

3
Q

Agricultural Adjustment Act

A

Act in which the govt paid farmers to plant less basic agricultural crops in an attempt to raise prices on agricultural goods; declared unconstitutional under the Butler Case as an unconstitutional use of taxing power

4
Q

Civilian Conservation Corps

A

Set up to give work to young men between 18 and 25 working on large projects such as soil erosion, flood control, national parks, road constructions, construction of water towers, and fighting fires

5
Q

Federal Emergency Relief Act

A

Headed by Harry Hopkins. Set up to provide direct relief to the states and local relief agencies (Red Cross, Charities) in the form of grants rather than loans

6
Q

Public Works Administration

A

Headed by Harold Ickes. Set up to create jobs in heavy construction; projects that required large quantities of materials

7
Q

Civil Works Administration

A

Set up in 1933 to offset a business recession that was hitting the nation at the time because the PWA was not working fast enough and make work immediately. It was completely federal in operation. Also headed by Harry Hopkins.

8
Q

Frazier-Lemke Act

A

Act set in place in 1943 to postpone mortgage foreclosures if the farmers paid adequate rent to be determined by the courts

9
Q

Federal Housing Administration

A

Created in a law passed in 1934 to insure loans by private lenders for housing construction or remodeling or repairs made of housing

10
Q

Section 7a

A

Requirement of all industrial codes under the National Industrial Recovery Act to protect laborers. Recognized the right of laborers to organize and bargain collectively. Also guaranteed a minimum wage and maximum hours prescribed by the President

11
Q

Schecter-poultry case

A

Declared the National Industrial Recovery Act because it gave illegal delegation of legislative powers to the president

12
Q

Butler Case

A

Declared the agricultural adjustment act unconstitutional on the ground that the processing tax was an unconstitutional use of taxing power

13
Q

Glass-steagall Banking Act

A

Restricted the types of investments banks could do with their money. Created the Federal Deposit Insurance Company to insure all bank customers’ accounts

14
Q

Truth in Securities Act

A

Directed against the stock market; the act compelled all brokers and issuers of stock to furnish complete information reguarding the true nature and value of the stock being sold

15
Q

Tennessee Valley Authority

A

Corporation that produced electricity and sold it to municipal and cooperative companies; these companies sold the electricity to the general public at cheaper rates than private companies thus making the govt a competitor to private business

16
Q

Securities and Exchange Commissions

A

Set up by the security Exchange Act as a corporation whose securities were traded on the exchange were required to register with the SEC and provide accurate and up-to-date information