Unit 4 Flashcards

1
Q

Civilian Conservation Corps (CCC)

A

Provided conservation jobs for unemployed people- this included planting trees, building flood barriers, maintaining forests, and controlling forest fires.

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2
Q

Federal Emergency Relief Act (FERA)

A

Authorized the Treasury department to start opening banks back up when they have the means to do so.

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3
Q

Public Works Administration (PWA)

A

Paid private contractors to build large-scale projects proposed by the states

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4
Q

Works Progress Administration (WPA)

A

Directly hired the unemployed and became the largest of all work programs

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5
Q

National Youth Administration (NYA)

A

It helped millions of young people find jobs and get a better education.

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6
Q

Emergency Banking Relief Act (EBRA)

A

Gave president emergency powers over the US banking system to allow the evaluation of all banks and closure of insolvent ones (bank holiday)

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7
Q

Federal Deposit Insurance Corporation (FDIC)

A

This helped with the banks and it insured bank deposits against bank failure.

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8
Q

National Recovery Administration (NRA)

A

Legalized industry collaboration for price controls and collective bargaining labor

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9
Q

Securities and Exchange Commission (SEC)

A

Allowed federal regulation of stock trading in public corporations

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10
Q

Banking Act of 1935

A

This restructured and centralized the Federal Reserve Bank.

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11
Q

Agricultural Adjustment Administration (AAA)

A

Induced measures to reduce crop supply, stabilize prices, and support farmers incomes

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12
Q

Tennessee Valley Authority (TVA)

A

River basin development based on dams and hydroelectricity planning

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13
Q

Rural Electrification Administration (REA)

A

Bring electricity to isolated rural areas

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14
Q

Home Owners Loan Corporation (HOLC)

A

It provided financial assistance for the home owners and also the mortgage industry.

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15
Q

Federal Housing Administration (FHA)

A

This guarantees a mortgage with banks. This is like the Federal Deposit Insurance Corporation for Savings and Loan institutions.

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16
Q

National Labor Relations Act

A

This insures the right of workers to organize. This provides for a national wage and it will outlaw child labor.

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17
Q

Fair Labor Standards Act

A

Restored rights lost when the National Industrial Recovery Act was overturned by the Supreme court: minimal wage and no child labor

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18
Q

Social Security Act

A

Created a national system of pensions, unemployment insurance, and aid to mothers with children, and created the Social Security Administration (SSA) to administer it

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19
Q

What caused the Farm Crisis of the 1920s?

A

During WW1 prices rose and international demand for crops go up-> farmers spend and plant more-> war ends, demand ends -> crop prices decline

20
Q

How much did crop prices decline by?

A

crop prices declined by 40%.

21
Q

What did the Hawley-Smoot Tariff Act do? (2 points)

A
  • 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
22
Q

The army clear out of a veteran protest after the Hawley-Smoot Tariff Act caused what casualties?

A

two were killed and 100s were hurt

23
Q

Where was the Dust Bowl?

A

Iowa and Midwest

24
Q

Why did the Dust Bowl start?

A

As a result of a series of droughts and non-sustainable agricultural practices

25
The Dust Bowl was a series of devastating dust storms, leading to...
famine, diseases, and deaths due to breathing in the dust
26
What eventually ended the Dust Bowl?
Rain
27
Hoovers attempt at voluntary cooperation meant that he...
asked businesses not to lay people off and unions not to ask for higher wages.
28
Hoover initially asked Congress to spend ___ for construction programs, why did it fail?
$423 million, but it wasn’t enough and then he was reluctant to spend more and cause a deficit in the budget.
29
Main cause of the Depression (when and what)
Stock market crash (October 21-23, 1929) → huge drop in stock prices
30
Other causes of the Depression (4 points)
- Lack of diversification in the economy - ½ families living at/below the poverty line - Farmers in debt - Demand for US goods abroad declined because of high taxes, increased production in Europe
31
What happened because of the Stock Market Crash? (3 points)
- Investors in the market lost everything even people not invested lost because many banks had invested. - 9000 banks failed between 1930-1933 - People with $$$ in those banks lost all savings
32
The Bonus Army was gathering made up of:
probably 10,000 to 25,000 World War I veterans who, with their wives and children, converged on Washington, D.C., in 1932,
33
What were the Bonus Army's demands?
immediate bonus payment for wartime services to alleviate the economic hardship of the Great Depression
34
Why did the Bonus Army demand pay immediately?
They would not be paid until 1945 and desperately needed the money.
35
Age income for workers who were lucky enough to have kept their jobs fell ___ between 1929 and 1933
42.5%
36
% of unemployed people
25% of people were unemployed
37
of unemployed people in 1933
12,830,000 persons unemployed in 1933
38
The people had __________ feelings about Herbert Hoovers management during the depression
conflicted feelings
39
FDR's first action as president:
Fix the banking system: First Deal was the Emergency Banking Act of 1933 -> Closed banks for one day
40
The 21st amendment... (what and when?)
Repealed the prohibition of alcohol (18th amendment) - December 5th, 1933
41
Why did the 18th amendment fail?
Ineffective enforcement, crime related to the illegal liquor traffic, a need for tax revenue during the Great Depression
42
Conservatives on the New Deal (6 points)
- socialism - added to national debt - wasted money on relief - encourage idleness - violated the constitution and states rights - increased the power of the presidency
43
Senator Huey Long advocated for... which meant... and was financed by...
a share the wealth plan - a guaranteed annual income of at least $5,000 for every American - confiscating the wealth of people who made over $5 million per year
44
Father Charles E. Coughlin started a ____ conspiracy. He advocated...
an international bankers conspiracy. He advocated nationalization of banking and currency and national resources and demands a “living wage”
45
Dr. Francis E. Townsend was...
an elderly physician from CA
46
Dr. Francis E. Townsend's plan was... and it was financed by...
for the federal government to pay $200 per month to unemployed people over 60 - by a 2% national sales tax.