The New Deal Flashcards
(17 cards)
Agricultural Adjustment Act (AAA) 1
Used farm subsidies to regulate farm production
Farm incomes increase 58% between 1932 and 1935
Did not really help AA sharecroppers
Disbanded after WWII
Tennessee Valley Authority (TVA) 1
Regional planning of a deprived area
Hyro-electricity production
Involved Virginia, North Carolina, Tennessee, Georgia, Alabama, Mississippi, and Kentucky
Still in operation although criticised for its impact on the environment
Public Works Administration (PWA) 1
Financed 34,000 federal, state, and local projects
Cost $6 billion
Created employment
Discontinued in 1939 - did not have sufficient success
Created optimism that the Depression could come to an end
Gave 4m unemployed people work
Farm Credit Act 1
Provided short- and medium-term loans to enable farmers with low incomes to keep their homes and land
Removed the fear of losing both home and employment
Gave security for the future
Civilian Conservation Corps (CCC) 1
Provided work for men aged 18-25 paying $30 a month
Military-style camps
Worked on regional environmental projects such as national parks
Disbanded in 1942
National Industry Recovery Act (NIRA) 1
Attempted to establish national economic planning by devising NRA codes
Minimum weekly wage of $12-$13
40-hour working week
Ruled unconstitutional in 1935
Banking Act 1
Prohibited commercial banks from selling stock or financing corporations
Protected people from loss of savings
Guaranteed deposits up to $2,500 (later raised)
Federal Communications Commission (FCC) 1
Regulated wired and wireless communications (later television as well)
Federal Housing Administration (FHA) 1
Guarantees of private mortgages with reduced payments and extended repayment times
Enables more white Americans to purchase their homes
Redlining
Securities and Exchange Commission (SEC) 1
Regulatory agency for trading in stocks and bonds to comply with federal laws
The Wagner Act 2
Forced all employers to allow trade unions to operate
Had to allow TUs to collective bargain
Made it illegal to sack workers for being in a union
Social Security Act 2
Provided state pensions for the elderly and for widows
Allowed state governments to work with the federal government to provide help for the sick and disabled
Set up a scheme for unemployment insurance
Works Progress Administration (WPA)
Create jobs
Federal projects
Resettlement Administration (RA)
Helped smallholders and tenant farmers who had been ignored by the AAA
Moved over 500,000 families to better-quality housing
Farm Security Administration (FSA) replaced the RA in 1937 - special loans to small farmers to help them buy their land
By 1947 40,000 farmers had bought their own farms though the FSA
Second Agricultural Adjustment Act 3
Established quotas for some goods
Those who met the quotas received subsidies
Fairer to smaller farmers than the first AAA
Food Stamp Plan - helped poorer people
Wagner-Steagall Act, 1937 3
Established the US Housing Authority
Provide loans to build more houses
Congress only allocated $500,000 (half of what had been requested)
Result was that millions of people remained in poor housing
Fair Labour Standards Act, 1938 3
Fixed minimum wages and maximum hours of work in all industries engaged in inter-state commerce
Minimum wage set at 25c per hour (increasing wages for 300,000 people immediately)
Mainly didn’t cover jobs associated with AAs, bypassing them
