Ch. 23.1 & 23.2

Ratified in 1933, the 20th amendment...

set subsequent inaugurations for January 20

To avert further banking panics, during which account holders raced to withdraw funds, the new deal

passed the glass-steagal act in 1933

The Agricultural Adjustment Act (AAA)

provided federal subsidies to farmers who cut farm production.

Which of the following organizations did President Hoover create in 1931 to stimulate the economy through federal loans to major businesses in 1931 and 1932?

reconstruction finance corporation

which of the following American philosophies influenced Herbert Hoover's initial response to the economic downturn in the early 1930s?

the market is self regulating and government should not intervene during a downturn

Which tariff, passed in 1930, raised rates to an all-time high, further deepening the worldwide depression?

Smoot-Hawley Question

On what basis did the U.S. Supreme Court strike down the National Industrial Recovery Act (NIRA) in the Schechter v. United States decision?

The NIRA illegally regulated commerce within individual states

What was the purpose of the Securities and Exchange Commission (SEC), which Roosevelt Congress empowered in 1934?

To regulate and rationalize the U.S. stock market

In the Bonus Army incident in Washington, D.C., in 1932, federal troops

forcefully evicted the assembled veterans and burned their encampment

The Civilian Conservation Corps (CCC)

hired 250,000 young men to perform reforestation and conservation work.