Flashcards in Unit 7 New Deal / Other Laws Deck (38):
sought to keep agricultural prices high by authorizing the gov't to buy up surplus; vetoed twice by Coolidge
Agricultural Marketing Act
Designed to help farmers help themselves by setting up the Fed. Farm Board, with a $$$$$$$$$$$$$$ budget --> lent to farms to buy / sell surpluses
protective measure designed to help farmers, but lobbyists forced it to become the highest protective tariff ever in peacetime, caused Europe to raise their tariffs. Signed by Hoover
Muscle Shoals Bill
designed to dam Tennessee River, vetoed by Hoover because it was too 'socialistic'
Reconstruction Finance Corporation
became a gov't lending ban, to proved indirect relief by assisting insurance companies, banks, etc...
1933, established FDIC, forbid commercial banks from speculating in stock market.
Schecter Case "Sick Chicken"
Shot down the NRA, because the Supreme Court found that the NRA was given the power of law-making, which is reserved only for Congress.
1933, took away the post-election lame duck session of congress and shortened the awkward period of inauguration by six week.
The courts were constantly disagreeing w/ FDR, so he tried to get a law passed that said that for any supreme court justice over 70 who does not retire, the pres. is allowed to appoint another judge.
Fed. Securities Act ("truth in")
1933, required sellers of stocks / bonds to give infer about them / set penalties for violation
Emergency Banking Act
1933, reopen banks if found to be OK
1933 Cut veterans' benefits and gov't salaries
1933, made sale of beer and wine legal
Agricultural Adjustment Act
1933, pay farmers to reduce their production
Civilan Conservation Corps
1933, hired 2.5 million men 18-25 years old to work in envireonmentally-realted projects
Fed. Emergency Relief Act
1933, created $500 million for direct relief, created PWA for work relief, created CWA for work relief,
Farm Credit Act
refinanced farm mortgages at lower rates, 1/5 of all farms in the US
Tennessee Valley Authority Act
1933, established TVA to build and run hydroelectric plants
Home Owners' Loan Act
1933, refinanced home mortgages at lower rates, 1/5 of all urban homes in US
Soil Erosion Service
1933, provided assistance to farmers
RR Coordination Act
1933, merged small ones, set rules for rates
Nat'l Industrial Recovery Act
1933, created NRA, section 7a guaranteed right of workers to unionize and bargain collectively.
Gold Reserve Act
1934, removed gold standard, but dollars was still backed by gold but it could not be redeemed in gold.
Securities and Exchanged Commission
1934, license and regulate stock exchanges,
Nat'l Housing Act
1934, established Federal Housing Administration
1935, helped farmers relocate to better land in response to Dust Bowl
Works Progress Administration
1935, $$ for work relief + direct relief
Nat'l Youth Administration
1935, created work for people 16-25 years old
Social Security Act
1935 created public assistance for aged, blind, dependent children and unemployment insurance, very popular
Banking Act of 1935
reduced power of private banks, more power to Fed. Reserve
Revenue Act of 1935
raised income tax rates for wealthy, revised scale of corporate income taxes
Natl Labor Relations Act (Wagner)
1935, created Nat'l Labor Relations Board: supervises employee voting re: unionization, investigates unfair labor practices
Soil Conservation and Adjustment Act
paid farmer sot plant certain plants and restricted production of crops in the name of conservation, 1936
Gov't Contracts Act
1936, Sec of Labor given authority to set wages: first fed. minimum wage law
1937, established US housing authority, made loans to cities and states to clear slums and build low-cost housing.
Fair Labor Standards Act
1938: nat'l minimum wage established, limited work wee, time and a half spay for overtime, no labor for children under 16
Agricultural Adjustment Act
1938 : replaced the 1933 AAA, gov't buys and stores grain in years of surplus, and sells its grain in years of scarcity. established new FEd. Crop Insurance Corp.