Chapter 25 Unit 2 -- Roosevelt's New Deal
Terms
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- National Recovery Administration (NRA)
- Launched by NIRA. Encouraged businesses to set a minimum wage and abolish child labor
- Franklin D. Roosevelt
- President elected by a landslide in 1932, brought hope to the suffering nation with his pledge for a new deal
- Civilian Conservation Corps (CCC)
- This program employed about 3 million young men over 10 years to work on projects that benefited the public, planting trees, building levees and improving parks
- Work Relief
- Roosevelt's plan to help the unemployed with programs, like the CCC, to give needy people government jobs
- Polio
- Viral disease of the central nervous system which struck Roosevelt in 1921 and paralyzed his legs
- Emergency Banking Relief Act
- A law that set up a plan to reorganize the nation's banks
- Tennessee Valley Authority (TVA)
- Bold program which successfully reached its goals to control flooding by building dams, promote conservation and development and bring electricity (hydroelectric power) to rural areas
- Public Works Administration (PWA)
- Launched by NIRA to stimulate the economy through the public works projects needing large numbers of workers; road construction, shipywards, hospitals, city halls and schools
- Subsidies
- Allowed by AAA; grants of money paid to farmers when market prices of farm products fell below a certain level
- Securities Exchange Commission (SEC)
- The creation of this group helped regulate sale of stocks and bonds; they had the power to punish dishonest stockbrokers and speculators
- United States v. Butler
- Case where Supreme Court ruled that the AAA was unconstitutional
- Federal Deposit Insurance Corporation (FDIC)
- Congress established this to insure bank deposits. The government guaranteed money placed in insured bank would not be lost
- National Industrial Recovery Act (NIRA)
- Passed by congress on the last day of the Hundred Days. Aimed to boost economy by help business regulate itself
- Agricultural Adjustment Act (AAA)
- This was enacted to raise farm prices and control production so prices would stay up, paid farmers to leave some land uncultivated
- Federal Emergency Relief Administration (FERA)
- Program to aid the poor by giving money to the states for use in helping people in need
- Harry Hopkins
- New York social worker and one of Roosevelt's closest advisors. He led the FERA and became involved in other New Deal programs