Unit Notes Pt2 Flashcards
(50 cards)
What was the Reconstruction Finance Corporation (RFC)?
A program that loaned money to banks and businesses to stabilize the economy
How did the Great Depression affect racial minorities?
African Americans and Latinx communities faced the highest unemployment rates and discrimination
What were Roosevelt’s Brain Trust advisors?
Experts from diverse backgrounds who helped shape New Deal policies
What was the role of the Federal Housing Administration (FHA)?
It helped people get home mortgages and stabilized the housing market
What was the purpose of the Securities and Exchange Commission (SEC)?
To regulate the stock market and prevent fraud
What happened to banks during the Great Depression?
Many collapsed, leading to lost savings and economic instability
What was the purpose of soup kitchens?
To provide free meals to people struggling during the Depression.
Why did farmers burn crops and dump milk?
To protest low prices and attempt to create a food shortage to raise prices.
What happened to many Latinx communities during the Depression?
Many were deported or pressured to leave the U.S. despite being citizens.
Who was Father Charles Coughlin?
A Catholic priest who criticized Roosevelt and the New Deal
What was the purpose of the National Industrial Recovery Act (NIRA)?
To regulate industry and establish fair working conditions
Why was the NIRA declared unconstitutional?
The Supreme Court ruled it exceeded federal authority over industry
What was the Fair Labor Standards Act?
It established minimum wage, maximum work hours, and restrictions on child labor
How did the Depression affect children’s education?
Many schools closed or shortened days due to falling tax revenue
What was the Farm Security Administration (FSA)?
It supported poor farmers and documented rural struggles
Why were people opposed to deficit spending during the New Deal?
Critics believed the government was spending money irresponsibly
What was the role of the Public Works Administration (PWA)?
It funded large infrastructure projects to create jobs
Why did Roosevelt attempt the Court Packing Bill?
To add judges favorable to his policies after Supreme Court opposition
What was redlining?
A discriminatory practice where the government refused to back loans in minority areas
What role did banks play in the stock market crash?
They loaned excessive amounts of money for stock speculation, leading to instability
What was a Hoover tourist?
Teen boys who illegally traveled across the country looking for work
What was the Wagner Act?
A law protecting the rights of workers to unionize
How did Roosevelt’s fireside chats help Americans?
They reassured the public and explained New Deal programs
What was the purpose of the Home Owners Loan Corporation?
It provided loans to struggling homeowners to prevent foreclosure