Unit 4 Flashcards
Civilian Conservation Corps (CCC)
Provided conservation jobs for unemployed people- this included planting trees, building flood barriers, maintaining forests, and controlling forest fires.
Federal Emergency Relief Act (FERA)
Authorized the Treasury department to start opening banks back up when they have the means to do so.
Public Works Administration (PWA)
Paid private contractors to build large-scale projects proposed by the states
Works Progress Administration (WPA)
Directly hired the unemployed and became the largest of all work programs
National Youth Administration (NYA)
It helped millions of young people find jobs and get a better education.
Emergency Banking Relief Act (EBRA)
Gave president emergency powers over the US banking system to allow the evaluation of all banks and closure of insolvent ones (bank holiday)
Federal Deposit Insurance Corporation (FDIC)
This helped with the banks and it insured bank deposits against bank failure.
National Recovery Administration (NRA)
Legalized industry collaboration for price controls and collective bargaining labor
Securities and Exchange Commission (SEC)
Allowed federal regulation of stock trading in public corporations
Banking Act of 1935
This restructured and centralized the Federal Reserve Bank.
Agricultural Adjustment Administration (AAA)
Induced measures to reduce crop supply, stabilize prices, and support farmers incomes
Tennessee Valley Authority (TVA)
River basin development based on dams and hydroelectricity planning
Rural Electrification Administration (REA)
Bring electricity to isolated rural areas
Home Owners Loan Corporation (HOLC)
It provided financial assistance for the home owners and also the mortgage industry.
Federal Housing Administration (FHA)
This guarantees a mortgage with banks. This is like the Federal Deposit Insurance Corporation for Savings and Loan institutions.
National Labor Relations Act
This insures the right of workers to organize. This provides for a national wage and it will outlaw child labor.
Fair Labor Standards Act
Restored rights lost when the National Industrial Recovery Act was overturned by the Supreme court: minimal wage and no child labor
Social Security Act
Created a national system of pensions, unemployment insurance, and aid to mothers with children, and created the Social Security Administration (SSA) to administer it
What caused the Farm Crisis of the 1920s?
During WW1 prices rose and international demand for crops go up-> farmers spend and plant more-> war ends, demand ends -> crop prices decline
How much did crop prices decline by?
crop prices declined by 40%.
What did the Hawley-Smoot Tariff Act do? (2 points)
- Raised taxes on international farm imports
- Rejected paying bonuses that were supposed to be paid to WWI vets earlier than proposed
-Asked the army to clear out a protest of veterans
The army clear out of a veteran protest after the Hawley-Smoot Tariff Act caused what casualties?
two were killed and 100s were hurt
Where was the Dust Bowl?
Iowa and Midwest
Why did the Dust Bowl start?
As a result of a series of droughts and non-sustainable agricultural practices