Questions and Answers
What was the purpose of the Bank Holiday as used by FDR?
What did the Glass-Steagall Banking Act create?
Federal Deposit Insurance Corporation
What did the Federal Securities Act regulate?
Sale of securities
What was one of the main effects of the Agricultural Adjustment Act?
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What was the goal of the Civilian Conservation Corps (CCC)?
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How much money did the Federal Emergency Relief Administration distribute to the states?
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What was the Public Works Administration (PWA) focused on?
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What was the purpose of the Civil Works Administration?
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When was the Tennessee Valley Authority (TVA) created?
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What was the Home Owner's Loan Corporation established for?
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What did the National Industrial Recovery Act create?
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What type of loans did the Federal Housing Administration provide?
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What was the goal of the Works Progress Administration?
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What was the purpose of the National Youth Administration?
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What was the primary focus of the Wagner Act?
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What did the Rural Electrification Act aim to provide?
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What was one of the main achievements of the Social Security Act?
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Study Notes
New Deal Key Terms and Definitions
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Bank Holiday
- Implemented by FDR to restore trust in banks and enhance their solvency for the American populace.
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Glass-Steagall Banking Act
- Led to the formation of the Federal Deposit Insurance Corporation.
- Aimed to stabilize banking and prevent future economic crashes, ensuring personal bank deposits were protected.
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Federal Securities Act
- Shifted regulation of securities sales from state to federal control, increasing oversight.
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Agricultural Adjustment Act (AAA)
- Provided financial compensation to farmers affected by the Great Depression.
- Aimed to stabilize job security and improve the farming industry post-Dust Bowl.
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Civilian Conservation Corps (CCC)
- Created government jobs focused on environmental protection and welfare.
- Reduced the poverty rate by providing employment relief during the Great Depression.
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Federal Emergency Relief Administration (FERA)
- Allocated $500 million to states to manage economic crises, a move criticized by Hoover.
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Public Works Administration (PWA)
- Aimed at federal-level construction and infrastructure development as part of the New Deal.
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Civil Works Administration (CWA)
- Job creation initiative for unemployed laborers, focused on building essential infrastructure.
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Tennessee Valley Authority (TVA)
- Established in 1933, it facilitated projects in electricity generation, housing, and environmental stewardship, enhancing welfare support.
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Home Owner's Loan Corporation (HOLC)
- Created in 1933 to refinance mortgages and prevent foreclosures during economic hardship.
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National Industrial Recovery Act (NIRA)
- Introduced the Wagner Act and emphasized work ethics and employment for the unemployed, injecting funds to stimulate the economy.
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Federal Housing Administration (FHA)
- Established in 1934 to promote the housing market through small loans to builders.
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Works Progress Administration (WPA)
- Employed millions for public works and arts projects to document the Great Depression experience.
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National Youth Administration (NYA)
- Focused on providing education and job opportunities for youth aged 16-25.
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Wagner Act
- Enacted in 1935, it facilitated the formation of labor unions, significantly impacting workers' rights.
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Rural Electrification Act
- Created federal loans to power companies to improve electricity access in rural areas.
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Social Security Act
- Established in 1935, it offered financial support to the elderly and unemployed through a payroll tax system, marking a significant advancement in American welfare.
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Description
Explore the fundamental concepts of the New Deal with these flashcards focused on relief, recovery, and reform. Learn about key terms such as the Bank Holiday and the Glass-Steagall Banking Act, and understand their significance in the context of FDR's policies. Ideal for students studying American history.