Alphabet Agencies of the New Deal
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Questions and Answers

How did Hoover's approach to economic recovery differ most significantly from the laissez-faire system?

  • He promoted government involvement through associationalism to mitigate economic downturns. (correct)
  • He eliminated all government regulation to allow businesses to operate freely.
  • He encouraged labor union formation to balance corporate power.
  • He advocated for minimal government intervention, relying solely on market forces.

What was the main idea behind Hoover's 'activism economics'?

  • Encouraging the formation of strong labor unions.
  • Maintaining high wages and discouraging labor unions to foster economic stability. (correct)
  • Implementing strict government regulations on businesses.
  • Reducing wages to stimulate business investment.

What key strategy did FDR utilize to maintain public support and confidence during his first term?

  • Implementing austerity measures to balance the federal budget.
  • Relying solely on print media to disseminate information.
  • Utilizing 'fireside chats' on the radio to communicate directly with the nation. (correct)
  • Avoiding public communication to prevent unnecessary alarm.

Why was the Emergency Banking Act of 1933 considered a critical first step in FDR's New Deal?

<p>It addressed the immediate currency shortage and stabilized the banking system. (C)</p> Signup and view all the answers

How did FDR's approach to economic policy differ from Hoover's?

<p>FDR adopted Keynesian economics to justify government intervention through public policies. (C)</p> Signup and view all the answers

Which New Deal agency, aimed at providing jobs, was known for 'make-work' projects like building bridges, roads, and buildings?

<p>Works Progress Administration (WPA) (C)</p> Signup and view all the answers

Which of Hoover's initiatives was designed to help struggling financial institutions during the Great Depression?

<p>National Credit Corporation (NCC) (C)</p> Signup and view all the answers

Which of the following actions effectively ended the Prohibition era in the United States?

<p>21st Amendment (C)</p> Signup and view all the answers

What was the primary goal of the Agricultural Adjustment Act (AAA)?

<p>To decrease crop sizes and raise the value of crops. (C)</p> Signup and view all the answers

The National Industrial Recovery Act (NIRA) used what symbol to indicate cooperation from businesses?

<p>A blue eagle (C)</p> Signup and view all the answers

Which of the following programs provided long-term benefits, and continues to ensure economic security for retirees and people with disabilities today?

<p>Social Security Act (C)</p> Signup and view all the answers

Which agency, created during the New Deal era, continues to provide affordable electricity, navigation, and flood control in its region?

<p>Tennessee Valley Authority (TVA) (C)</p> Signup and view all the answers

What was the purpose of the Emergency Banking Act passed during the Great Depression?

<p>To reorganize and reopen banks that were strong enough to survive. (C)</p> Signup and view all the answers

What was the primary goal of the Dawes Plan implemented after World War I?

<p>To reduce Germany's reparation payments and lower interest rates on Allied debts, facilitating a cycle of debt repayment. (C)</p> Signup and view all the answers

How did the Fordney-McCumber Tariff impact international trade in the 1920s?

<p>It raised tariff rates to high levels, creating significant barriers to European trade with the United States. (B)</p> Signup and view all the answers

What was the main objective of the Washington Naval Conference?

<p>To limit the growth of naval power and restrict the construction of battleships. (C)</p> Signup and view all the answers

What distinguished the flappers of the 1920s from previous generations of young women?

<p>Their embrace of a rebellious lifestyle, including short skirts, bobbed hair, and public displays of smoking and drinking. (C)</p> Signup and view all the answers

What was the primary focus of the Harlem Renaissance?

<p>Fostering a period of rich artistic and cultural expression among African Americans. (D)</p> Signup and view all the answers

What was the main cause of the ecological disaster known as the Dust Bowl?

<p>A severe drought combined with unsustainable agricultural practices on the Great Plains. (A)</p> Signup and view all the answers

What was the central idea behind Huey Long's 'Share Our Wealth' program?

<p>To heavily tax the wealthy and redistribute the wealth to the poor. (C)</p> Signup and view all the answers

What fundamental concept did Albert Einstein introduce to the field of physics?

<p>The theory of relativity, suggesting that space, time, and matter are relative. (B)</p> Signup and view all the answers

What role did the Federal Reserve's monetary policies play in the onset of the Great Depression?

<p>The Federal Reserve pursued imprudent monetary policies that contributed to economic instability. (D)</p> Signup and view all the answers

What was the intended purpose of the Agricultural Adjustment Act (AAA) during the New Deal?

<p>To pay farmers to reduce their production, thereby raising prices. (B)</p> Signup and view all the answers

Which goal was the Civilian Conservation Corps (CCC) primarily designed to achieve during the Great Depression?

<p>To offer government-funded jobs to unemployed Americans through conservation projects. (C)</p> Signup and view all the answers

What action did Herbert Hoover take in response to the Great Depression that significantly worsened the economic situation?

<p>Implementing the Smoot-Hawley Tariff, which raised tariff rates to record highs. (D)</p> Signup and view all the answers

Why Harding is considered to be a weak president?

<p>He did not appoint strong officials or deal with officials misdeeds as soon as they occurred (A)</p> Signup and view all the answers

Which of the following is NOT a New Deal program?

<p>Kellogg-Briand Pact (C)</p> Signup and view all the answers

Which of the following best describes the Teapot Dome Scandal during Harding's presidency?

<p>A bribery incident involving the leasing of naval oil reserves to private companies. (C)</p> Signup and view all the answers

Flashcards

Associationalism

Government should help mitigate pauses in the national economy.

Activism Economics (Hoover)

Maintaining high wages and discouraging labor unions (government activism within the economy).

Voluntarism

Private individuals should voluntarily help those struggling during economic hardship.

Keynesian Economics

Economic theory justifying government intervention via public policies to achieve full employment and price stability.

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FDR's Brain Trust

FDR's advisors, often Columbia professors, who guided his legislative and economic agenda.

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Civilian Conservation Corps (CCC)

New Deal program that hired unemployed men for natural conservation projects.

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Works Progress Administration (WPA)

New Deal agency that created jobs through public works projects like bridges and roads.

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Agricultural Adjustment Act (AAA)

Gave farmers money to reduce crop size, aiming to increase crop values.

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Federal Deposit Insurance Corporation (FDIC)

Government agency that insures customer deposits if a bank fails, increasing confidence in banks.

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Tennessee Valley Authority (TVA)

Built dams along the Tennessee River to provide navigation, flood control, and cheap electricity.

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21st Amendment

Repealed prohibition, making alcohol legal again.

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Social Security Act

Guaranteed retirement payments for enrolled workers starting at age 65, plus unemployment insurance.

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National Origins Act

Set quotas to limit the number of immigrants allowed into the U.S.

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Kellogg-Briand Pact

Agreement that attempted to outlaw war, but lacked enforcement mechanisms.

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Fordney-McCumber Tariff

High tariff that significantly limited European trade with the U.S.

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The Dawes Plan

Plan that reduced German reparation payments and the interest rates on Allied payments, creating a circular flow of debt.

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Wickersham Commission

Commission that looked at relaxing law enforcement for prohibition.

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Smoot-Hawley Tariff

Very high tariff that worsened the Great Depression by decreasing international trade.

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Teapot Dome Scandal

Scandal involving the lease of naval oil reserves to friends.

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The Red Scare

Period of widespread fear of communism in the U.S.

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Harlem Renaissance

Cultural and artistic movement among African Americans in the 1920s.

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Flappers

Young women who challenged social norms with short skirts and rebellious behavior.

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The Dust Bowl

Severe dust storms in the 1930s that devastated agriculture in the Great Plains.

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Huey Long

Louisiana governor who proposed the 'Share Our Wealth' program.

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Herbert Hoover

President during the start of the Great Depression; often blamed for the economic crisis.

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Relief (New Deal)

Government efforts during the Great Depression that provided jobs and stimulated the economy.

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Recovery (New Deal)

New Deal programs that aimed to help the economy bounce back from the Depression.

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Reform (New Deal)

New Deal initiatives to prevent future economic crises, like the FDIC and SEC.

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Study Notes

  • Study notes derived from the provided text

Alphabet Agencies

  • Alphabet agencies were established during the New Deal era.
  • Civilian Conservation Corps (CCC) hired unemployed men for natural conservation work.
  • Public Works Administration (PWA) provided construction workers with jobs on public buildings like highways and bridges.
  • Works Progress Administration (WPA) created jobs for those in need, constructing bridges, roads, and buildings.
  • Agricultural Adjustment Act (AAA) paid farmers to reduce crop sizes, increasing crop values.
  • National Industrial Recovery Act (NIRA) developed business regulations, with compliant businesses displaying a blue eagle symbol.
  • Federal Deposit Insurance Corporation (FDIC) insures customer deposits in case of bank failures.
  • Tennessee Valley Authority (TVA) constructed dams on the Tennessee River for navigation, flood control, and cheap electricity.
  • The FBI prosecutes criminals who evade state law by crossing state lines.
  • FDIC and TVA still exist today.
  • NIRA and AAA were declared unconstitutional by the Supreme Court.

Hoover's Agencies

  • Federal Farm Board aimed to stabilize agricultural prices.
  • President’s Emergency Committee for Unemployment (PECE) addressed unemployment issues.
  • President’s Organization for Unemployment Relief (POUR) sought to provide aid to the unemployed.
  • National Credit Corporation (NCC) worked to support struggling banks.

Amendments and Acts

  • 21st Amendment repealed prohibition.
  • Social Security Act of 1935 provided retirement payments, unemployment insurance, and aid for mothers, children, and the handicapped.
  • Volstead Act enforced prohibition, defining drinks with less than 1% alcohol as legal.
  • National Origins Act set quotas to limit immigration.
  • Emergency Banking Act closed insolvent banks and reorganized those that could survive.
  • Rural Electrification Administration loaned money to extend electricity to rural areas.
  • Emergency Relief and Construction Act, approved by Hoover, led to the creation of the Reconstruction Finance Corporation.

Lindbergh Kidnapping

  • Charles Lindbergh, Jr., son of the aviator, was kidnapped in 1932 which gained widespread publicity.
  • The child's body was found two months later.

Pacts and Tariffs

  • Kellogg-Briand Pact was an agreement that outlawed war, but lacked enforcement mechanisms.
  • Fordney-McCumber Tariff imposed high tariffs which created trade barriers for Europeans.
  • Washington Naval Conference limited naval power growth and battleship construction.
  • Dawes Plan reduced German reparation payments and lowered interest rates on Allied payments.
  • Wickersham Commission under Hoover aimed for relaxed law enforcement on prohibition.
  • Smoot-Hawley Tariff raised tariff rates to an all-time high.

Harding's Scandals

  • Teapot Dome scandal involved leasing navy oil reserves to friends.
  • There was defrauding of Veteran's Bureau amounting to $200 million.
  • Attorney General Harry Daugherty faced bribery accusations.

Events of the Era

  • Red Scare was a period of fear regarding communists.
  • Spanish Flu pandemic killed over 50 million people worldwide in 1918.
  • KKK resurfaced, targeting immigrants, African Americans, Catholics, Jews, and other minorities.
  • Harlem Renaissance was a period of artistic and cultural activity among African Americans.
  • Flappers were young women who defied social norms with short skirts, bobbed hair, and a rebellious lifestyle.
  • Dust Bowl occurred due to drought and poor farming practices causing dust storms, particularly in Oklahoma.

People of the Era

  • Huey Long advocated "Share Our Wealth" plan, taxing the rich to aid the poor and was later assassinated.
  • Jesse Owens was a black runner who defeated Germans at the Olympics.
  • Amelia Earhart was the first female pilot to fly solo over the Atlantic and disappeared over the Atlantic Ocean.
  • Calvin Coolidge, Harding's VP, became president and was known for being against the Red Scare.
  • Hoover is often blamed for the stock market crash and supported the Smoot-Hawley Tariff.
  • Harding was the first Republican president in the 1920s and had a scandalous administration.
  • Francis Townsend believed people aged 65+ should receive $200.
  • Sigmund Freud believed that self-restraint leads to emotional disorders.
  • Albert Einstein developed the theory of relativity.
  • Scopes argued against specific religious teachings in public schools.
  • Charles A. Lindbergh was the first person to fly solo nonstop across the Atlantic Ocean.
  • John L. Lewis led the United Mine Workers and organized the Congress of Industrial Organizations.

Great Depression

  • The Great Depression had cumulative consequences following World War I and economic problems in European powers.
  • The Federal Reserve's monetary policies contributed to the depression.
  • The Smoot-Hawley Tariff of 1930 restricted foreign trade.
  • The Great Depression consisted of four consecutive depressions.
  • The job market was dismal, with an 11.9% unemployment rate.
  • Farming was no longer profitable, leading to farmer debt.
  • There was a surplus of food due to lack of demand in the market.
  • The U.S. gave money to Britain, so Britain could pay Germany, so Germany could pay the US.

The New Deal

  • Relief programs provided temporary help to unemployed Americans such as the CCC and WPA.
  • Recovery programs aimed to aid the economy, such as the AAA and NIRA.
  • Reform programs sought to prevent future crises and implemented the FDIC and SEC.

Hoover’s Philosophy

  • Hoover challenged the laissez-faire system and advocated government involvement.
  • He focused on reviving confidence
  • He wanted private individuals to help struggling people through voluntarism.

1936 Election

  • Republicans nominated Alfred Landon, while Democrats nominated FDR.
  • FDR won by a landslide, despite Literary Digest’s false prediction.

FDR's First 100 Days

  • Congress passed FDR’s New Deal legislation in an emergency session.
  • FDR relied on a "brain trust" of advisors on legislative and economic matters.
  • Congress approved the Emergency Banking Act.
  • FDR took the nation off the gold standard.
  • FDR used "fireside chats" on the radio to communicate with the nation.

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During the New Deal era, numerous alphabet agencies were established to address the Great Depression. These agencies aimed to provide jobs, stimulate the economy, and regulate various sectors. Programs like the CCC, PWA, and WPA offered employment opportunities in conservation and construction.

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