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Who was elected President of the United States in 1932?
Franklin D. Roosevelt
What were the three goals of the New Deal?
Relief for the needy
Economic Recovery
FInancial Reform
What was Franklin Roosevelt's first goal in his first Hundred Days?
Restore American confidence
What were President Roosevelt's infamous radio talks called?
Fireside Chats
What year did the New Deal officially end?
1939
What was the "Bank Holiday"?
President Roosevelt shut down all banks to prevent further withdrawals
Why was the 21st Amendment passed under the Roosevelt administration?
21st Amendment repealed alcohol, therefore allowing the government to raise revenue by taxing alcohol sales
What act put young men aged 18-25 to work on projects such as building roads, developing parks, and planting trees?
Civilian Conservation Corps (CCC)
What was unique about President Roosevelt's fireside chats?
They were informal radio shows in which the president discussed the current issues and plans in a casual manner
Did the New Deal end the Great Depression?
No
What is deficit spending?
spending more money than the government receives in revenue
How did President Roosevelt feel about deficit spending?
He regarded it as a necessary evil to be used only in times of crisis
What role did Eleanor Roosevelt play in the New Dea era?
Lobbied for civil rights, women's rights, and workers rights
What did the Glass-Stegall Act of 1933 do?
Established the Federal Deposit Insurance Corporation (FDIC)
What did the Tennessee Valley Authority Act do?
Put people to work building dams and developing national parks
Why did Americans criticize the New Deal?
Conservatives- too much money being spent
Liberals- didn't do enough to help people
Which groups did the Second New Deal focus on providing more relief to?
Farmers and workers
What did the Social Security Act do?
Old age insurance for retirees 65 or older
Unemployment compensation system
Aid to families with dependents with disabilities
What is the purpose of the FDIC?
What was significant about the Works Progress Administration (WPA)?
Employed more than 8 million people
Made special efforts to employ women, minorities, and young people
Name 2 acts aimed to help the agricultural sector.
Agricultural Adjustment Act
Soil Conservation and Domestic Allotment Act
Resettlement Administration
Name 2 long-lasting impacts of the New Deal
FDIC (bank insurance)
SEC (stock market protection)
NLRB (labor rights)
Social Security
TVA (environmental)
What happened when President Roosevelt first cut back on deficit spending?
Unemployment began to rise, production dropped.
What was the Home Owners Loan Corporation (HOLC)?
provided government loans to homeowners who faced foreclosure
What day was President Roosevelt's first Fireside Chat?
March 12