Programs 1
This measure separated commercial banks from investment banks. This measure also created the Federal Deposit Insurance Corporation (FDIC) which protected individual accounts.
The Glass-Steagall Banking Act
federal law which reduced agricultural production by paying farmers to NOT plant crops and to kill off excess livestock which were paid for by a tax on textile mills and food processors.
This program was eventually declared unconstitutional
AAA- Agriculture Adjustment Administration(1933)
was the 31st president of the United States, serving from 1929 to 1933. (The start of the Great Depression)
Herbert Hoover
A shanty town built during the Great Depression by the homeless in the United States. They were named after Herbert Hoover, who was President of the United States during the onset of the Depression and was widely blamed for it.
Hoovervilles
worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world
The Great Depression
This law formally legalized labor unions and assured workers that employers cannot discriminate against them for being in a union.
Wagner Act
Helped farmers refinance their mortgages. Government loans were offered to eligible applicants at low interest rates.
FCA- Farm Credit Administration
a series of domestic programs, public work projects, and financial reforms and regulations enacted by President Franklin D. Roosevelt with the aim of addressing the Great Depression, which began in 1929
The New Deal
refers to a general increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services
Inflation
a period of severe dust storms that greatly damaged the ecology and agriculture of the American and Canadian prairies during the 1930s
Dust Bowl
This organization settled labor disputes between large companies and their workers . Business began opposing NRA because disputes seemed to be settled on the side of the workers
NLB- National Labor Board
Bought mortgage from many homeowners who were behind on their payments. In order to stay in their homes, they had to stay employed.
HOLC- The Home Owners Loan Corporation
an American political figure, diplomat, and activist. She served as the first lady of the United States from 1933 to 1945
Eleanor Roosevelt
government spending, in excess of revenue, of funds raised by borrowing rather than from taxation
Budget Deficit
a sudden dramatic decline of stock prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth.
Stock Market Crash
Eliminated competition by bringing industry, labor and government together to create codes of ‘Fair Practices’ and set prices. The codes were intended to help workers by setting a minimum wage and minimum weekly hours
NRA- National Recovery Administration:
Required companies that sold stocks and bonds to provide complete and truthful information to investors and distinguish responsibilities between investors and fiduciaries.
Securities Act of 1933
an American workers-rights advocate who served as the U.S. Secretary of Labor from 1933 to 1945. She made history as the first woman to serve in any presidential U.S. Cabinet
Frances Perkins
the return of someone to their own country
Repatriation
the process by which fertile land becomes desert, typically as a result of drought, deforestation, or inappropriate agriculture
Desertification
Program that built dams / bridges / homes and managed the resulting reservoirs to provide hydroelectric power to southern states. Tennessee, Kentucky, Alabama, Mississippi, etc.
Tennessee Valley Authority (TVA)
Created to regulate the Stock Market and prevent and punish fraud and insider training.
Securities and Exchange Commission (SEC)
32nd President of the United States; elected four times; instituted New Deal to counter the Great Depression and led country during World War II (1882-1945)
Franklin D Roosevelt
October 29, 1929. On this date, share prices on the New York Stock Exchange completely collapsed, becoming a pivotal factor in the beginning of the Great Depression
Black Tuesday
a highly infectious viral disease that primarily affects the nervous system. It can cause paralysis, ranging from mild weakness to complete loss of muscle function and death. ( This disease disabled Franklin D Roosevelt )
Polio