History: Ch. 23-5 The Impact of the New Deal

When was the Roosevelt Recession?

1937-38

Why did unemployment rise from 7.7mil-10.4mill in 1937-1938?

A scale back in New Deal policies creates a drop in industrial production

How were the loans from the CCC to farmers determined?

Amount of farmer's crop surplus and parity price

By the late 1930s FDR went away from _____ ________.

Deficit spending

_________ improved the lives of people living in rural areas.

Electrification

Why did the government create agencies like the FDIC and the SEC?

Help regulate banking and finance and store national trust

What really ended the Great Depression?

Massive government spending on weaponry and other supplies for WW2

What did liberals think about FDR's policies?

New Deal didn't do enough to socialize economy and eliminate inequalities

What'd the CCC do to help the environment?

Planted trees, built trails and fire lookout towers

What is parity?

Price intended to stabilize farmer's income

What did the FDIC do?

Provided banking insurance

What was the Taylor Grazing Act (1934)?

Reduced grazing on public land, which contributed to the drought

What did the SEC do?

Regulated stock market

How did New Deal legislation help agricultural?

Set quotas on crop production to control surplus

True or False: FDR was highly committed to conservation and promoted policies to protect the nation's natural resources

True

Preparation/entrance into ______ also helped the economy

WW2

Federal deficit during FDR's term(up, down, same)

increased during FDR's administration because of deficit spending

What'd the TVA do to help the environment?

prevented floods, Hoover resulting in some pollution

What did supported of New Deal think about FDR's policies?

•FDR struck balance between unregulated capitalism and over-regulated socialism •helped US economy recover

What did conservatives think about FDR's policies?

•Federal government too big and powerful •government stifled free enterprise and individual initiative

What'd the Soil Conservation Service teach farmers?

•contour plowing •terracing •crop rotation

What is the National Labor Relations Board (NLRB)?

•created under Wagner act •still acts as mediator in labor disputes

FDR expanded and increased the power of __________ and _________

•federal government •executive branch

How did FDR expand the federal government?

•infused economy with millions of dollars •creating federal jobs •attempting to regulate supply and demand •increased gov's participation in settling labor and management disputes

What did the Glass-Steagall act do?

•initiated bank regulations •created FDIC

What did the Second AAA do?

•loans made to farmers by the CCC

What did Social Security do for needy Americans?

•old-age insurance program •unemployment compensation system •aid to disabled and dependents