U.S History Chapter 15 The New Deal

How many schools did the CWA build?

40,000 and paid higher salaries to more than 50,000 teachers

What does AAA stand for?

Agricultural Adjustment Act

What was the CWA?

Civil Works Administration - provided 4 million jobs building roads, schools, playgrounds, replacing the PWA?

What does CCC stand for?

Civilian Conservation Corps

What does FERA stand for?

Federal Emergency Relief Administration

What does HOLC stand for?

Home Owners Loan Corporation

Why did the Supreme Court strike down the AAA?

It taxed farmers for overproduction so they replaced it when the soil conservation domestic allotment act which rewarded farmers

What does NRA stand for?

National Recovery Administration

What does NYA stand for

National Youth Administration

What did the AAA do?

Paid farmers not to raise crops and livestock in order to increase farm prices under the idea that reduced supply would boost prices.

What was The Hundred Days?

Period of time of intense activity when FDR was able to get 15 new laws passed. All presidents are now measured after 100 days.

What was the New Deal?

Program designed to alleviate the problems of the Great Depression

What is the PWA?

Public Works Administration

What 3 thing did the New Deal focus on

Relief for needy, economic recovery, and financial reform

What does SEC stand for?

Securities and Exchange Commission

What does TVA stand for?

Tennessee Valley Authority

What did conservatives say about the New Deal

That Roosevelt spent too much on direct relief and user New Deal policies to control business and socialize the economy

What did liberals argue about the New Deal?

That the New Deal did not go far enough to help the poor and reform the nations economic system

Why did the Supreme Court strike down the AAA?

They says that agriculture is a local matter and should be regulated by the states and not the government

Who is Franklin Delano Roosevelt

Two-term governor of New York and a distant cousin of former president Theodore Roosevelt

What was the WPA

Works progress Administration

What did the HOLC do?

allowed people to refinance their homes to prevent foreclosures

What was Emergency Banking Relief Act?

an act proposed by FDR to regulate banks more tightly. Authorized the Treasury Department to inspect banks.

What did the TVA do?

bought, built, and operated flood-control dams that generated electricity to the Tennessee River Valley

What was the Federal Housing administration?

created by the National housing act , which which furnishes loans for home mortgages

What was the PWA

created jobs by paying unemployed people to build schools, bridges and dams. This was replaced by the Works Progress Administration in 1935

What did the NYA?

created to provide education, jobs , counseling specifically to young people

What was the Glass Steagall Act of 1933?

established the Federal Deposit Insurance Corporation (FDIC)

What did the FERA do?

funded 500$ million dollars to provide direct relief for needy

What did the NRA do?

it set prices of many products and established standards to promote recovery by interrupting wage cuts, falling prices, and layoffs

why did the Court packing bill arouse a storm?

many people believed the president was violating principles of judicial independence and separation of powers

What did the Second New Deal do?

more extensive relief for farmers and workers

what were the three parts of social security

old age insurance, unemployment compensation, aid for families with dependent children and the disabled

What did the FDIC do?

provided federal insurance for individual bank accounts up to 5,000$ , made banks be careful with money.

What did the CCC do?

provided jobs for young men between the ages of 18 and 25

what did the Wagner act do?

reestablish collective bargaining

what did the SEC do?

regulated the stock market

What was the Federal Securities Act

required corporations to provide complete information on all stock offerings and made them liable for any misrepresentations

What did the WPA do?

series of programs to help youths, professionals, and other workers

What is deficit spending?

spending more money than the government receives

Who were the American Liberty Leage?

strongest conservative opponents of the New Deal

What did FDR say about many people demanding their savings

this would cause banks to fail