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
