US History: Chapter 23- The New Deal
The New Deal
1933-1937 Government sponsored programs implemented by President Franklin D. Roosevelt to revitalize the economy and alleviate poverty and despair caused by the Depression.
Agricultural Adjustment Act
Gave farmers money to reduce crop size to reduce production and bring up the value of crops
Civilian Conservation Corps
Hired young, unemployed people to do restoration projects throughout the country, employed over 3 million people.
Federal Securities Act
(FDR) 1933, 1934, required promoters to transmit to the investor sworn information regarding the soundness of their stocks & bonds
(Banking Act of 1933) – Established the Federal Deposit Insurance Corporation and included banking reforms, some designed to control speculation. Repealed in 1999, opening the door to scandals involving banks and stock investment companies.
National Industrial Recovery Act
permitted all workers to join unions of their choice, allowed workers to bargain collectively for wage increases and benefits, allowed workers to go on strike to try to force employers to meet their demands
Government practice of spending more than it takes in from taxes
National Youth Administration
(FDR) , (NYA)1935, provided education jobs counseling and recreation for young people. part time positions at schools for students allowed for aid in h.s. college and grad school. part time jobs for drop outs
Works Progress Administration
New Deal agency that helped create jobs for those that needed them. It created around 9 million jobs working on bridges, roads, and buildings.
1935, also National Labor Relations Act; granted rights to unions; allowed collective bargaining
Social Security Act
(FDR) 1935, guaranteed retirement payments for enrolled workers beginning at age 65; set up federal-state system of unemployment insurance and care for dependent mothers and children, the handicapped, and public health
New Deal coalition
coalition forged by the Democrats who dominated American politics from the 1930’s to the 1960’s. its basic elements were the urban working class, ethnic groups, Catholics and Jews, the poor, Southerners, African Americans, and intellectuals.
Congress of Industrial Organization
A federation of labor union for all unskilled workers. It provided a national labor union for unskilled workers, unlike the AFL, which limited itself to skilled workers.
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass-Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank.
Securities and Exchange Commission
monitors the stock market and enforces laws regulating the sale of stocks and bonds
Tennessee valley Authority
A relief, recovery, and reform effort that gave 2.5 million poor citizens jobs and land. It brought cheap electric power, low-cost housing, cheap nitrates, and the restoration of eroded soil.
National Labor Relations Board
(FDR) A 1935 law, also known as the Wagner Act, that guarantees workers the right of collective bargaining sets down rules to protect unions and organizers, and created the National Labor Relations Board to regulate labor-managment relations. *, Made sure workers were treated and payed well and not getting abused by their business. *this law created the National Labor Relations Board to enforce the law and supervise shop elections
equality, as in amount, status, or value