The First New Deal

Question 1

Where was Roosevelt educated?

Answer 1

Harvard and then at Columbia Law School.

Question 2

In 1910, why did Roosevelt start his political career?

Answer 2

He was elected to the New York Senate.

Question 3

Who caught polio in 1921?

Answer 3

FDR

Question 4

How was FDR active in politics?

Answer 4

Governor of New York.

Question 5

What is the gold standard?

Answer 5

one ounce of gold equaled a set number of dollars.

Question 6

What is a bank holiday?

Answer 6

an act of closing the remaining before bank runs because it could close them down.

Question 7

When is considered the “100 days” ?

Answer 7

March 9- June 16, 1933. **In this time Congress passed 15 major acts to resolve the economic crisis.

Question 8

What did Roosevelt address the nation by radio as?

Answer 8

“fireside chats”

Question 9

required companies that sold stocks and bonds to provide complete and truthful information to investors

Answer 9

The Securities Act

Question 10

was created to regulate the stock market and stop fraud.

Answer 10

The Securities and Exchange commission.

Question 11

The Glass-Steagall Act

Answer 11

separated commercial banking from investment banking.

Question 12

What does the FDIC do?

Answer 12

provides government insurance for bank deposits

Question 13

CCC

Answer 13

offered unemployed young men 18-25 years old the the opportunity to work under the direction of the forestry service planting trees, fighting forest fires, and building reservoirs
The young men lived in camps near their work areas and earned $30 a month, $25 of which was sent directly to their families . The average CCC worker returned home after six to twelve months. The CCC also taught more than 40K of their recruits to read and write. In 1933 FDR added 250000 veterans to the CCC as well

Question 14

Who ran FERA?

Answer 14

Hopkins

Question 15

a governmental practice of spending borrowed money rather than raising taxes, usually in an attempt to boost the economy

Answer 15

deficit spending

Question 16

Who established the Share Our Wealth program?

Answer 16

Huey Long

Question 17

What did Francis Townsend propose?

Answer 17

The federal govt pay citizens over age 60 a pension of $200 a month.

Question 18

was the largest public works program of the Great Depression

Answer 18

(WPA) Works Progress Administration

Question 19

Wagner Act

Answer 19

guaranteed workers the right to unionize and bargain collectively.

Question 20

Social Security Act

Answer 20

Provided some financial security for older Americans, unemployed workers and others.

Question 21

binding arbitration

Answer 21

was a process in which a neutral party hears arguments from two opposing sides and makes a decision that both must accept.

Question 22

sit-down strikes

Answer 22

a method of boycotting work by sitting down at work and refusing to leave the establishment

Question 23

Recession of 1937/// What two programs did FDR order have their funds cut significantly?

Answer 23

WPA and PWA

Question 24

Keynesianism economics

Answer 24

held the government should spend heavily in a recession to jump start the economy

Question 25

Nation Housing Act

Answer 25

This organization received $500 million to subsidize loans to builders willing to construct low- cost housing

Question 26

Farm Security Act

Answer 26

to give loans to tenants so they could purchase farms

Question 27

Fair Labor Standards Act

Answer 27

abolished child labor, limited the workweek to 44 hours for most workers, and set the first minimum-wage at 25 cent an hour

Question 28

Emergency Banking Relief Act

Answer 28

The new law required federal examiners to survey the nation’s banks issue Treasury Department licenses to those that were financially sound

Question 29

Home Owner's Loan Corporation

Answer 29

bought the mortgages of homeowners who were behind in their payments. It then restructured the loans with longer repayment terms and lower interest rates

Question 30

AAA

Answer 30

would pay farmers not to rise certain livestock, grow certain crops, and produce dairy products

Question 31

Tennessee Valley Authority (TVA)

Answer 31

built dams to control floods, conserve forest lands, and bring electricity to rural areas

Question 32

FERA

Answer 32

gave money to the state and local agencies to fund their reliefs projects.

Question 33

1/3 of the nation's unemployed were in what industry?

Answer 33

construction

Question 34

Civil Works Administration *HOPKINS*

Answer 34

Hiring workers directly, the CWA employed 4 million people, including 300000 women The agency built or improved 1000 airports, 500000 miles of roads, 40000 school buildings, and 3500 playgrounds and parks The program spent $1 billion in just five months

Question 35

right wing / left wing views

Answer 35

had long believed that the new deal regulated business too tightly/ however the left believed the new deal had not gone far enough.

Question 36

When did one receive social security?

Answer 36

The care of social security was the monthly retirement benefit, which people collected when they stopped working at age 65

Question 37

CIO changed their name to what?

Answer 37

Congress of Industrial Organizations