Term
| Civilian Conservation Corps |
|
Definition
| provided relief for unemployed workers on reforestation and conservation projects |
|
|
Term
| Public Works Administration |
|
Definition
| provided work relief and stimulated the economy by building schools, hospitals, courthouses, airports, dams, and bridges |
|
|
Term
| Federal Emergency Relief Administration |
|
Definition
| provided money to state and local agencies. $3 billion during its existence. federal government gave money to states, who gave out jobs |
|
|
Term
| Agricultural Adjustment Administration |
|
Definition
| subsided farmers that agreed to restrict production--harmed the poor farmers while aiding commercial growers |
|
|
Term
| Tennessee Valley Authority |
|
Definition
| coordinated activity in 7 states by building dams, generating water power, producing fertilizer, fostering forestry, encouraging conservation, and modernizing school and health systems |
|
|
Term
|
Definition
| stabilized the private banking system by declaring bank holiday and providing assistance to stabilize banks while reorganizing weak ones |
|
|
Term
| Federal Deposit Insurance Corporation |
|
Definition
| provided insurance on bank deposits up to $2500 |
|
|
Term
| Securities and Exchange Commission |
|
Definition
| created to regulate the stock market in an attempt to prevent fraud in reported earnings, trading, and share pricing |
|
|
Term
|
Definition
| Harsh criticism over the fact that the ND was supposed to help the poor but instead benefitted commercial interests. Also, outrage over suspension of antitrust laws and support of business over unions. |
|
|
Term
| conservative response to ND? |
|
Definition
| -Laissez faire attitude brought skepticism toward the expansion of government activity in the market. Criticism of 'excessive' spending and support of non business groups as being socialistic. |
|
|
Term
| criticisms of first New Deal |
|
Definition
| workers rights, protection for elderly and unemployed, minorities and women's rights |
|
|
Term
|
Definition
| protected labor's rights to organize unions and forbid employers from adopting unfair labor practices. Also set up National Labor Relations Board to enforce these provisions, protect workers from coercion, and supervise union elections |
|
|
Term
|
Definition
| provided unemployment compensation; old-age pensions, and aid for dependant mothers, children, and the blind. Provided 'at least some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.' |
|
|
Term
| Works Progress Administration |
|
Definition
| set up work relief programs to assist the unemployed and boost the economy. Gave jobs to 9 million people (1/5 of the labor force) and spent $12 billion. Goal: create millions of gov't jobs. |
|
|
Term
| What did government fail to do before GD? |
|
Definition
failed to:
-enforce anti trust
-regulate banking practices
-put controls on stock market
-support farmers
also, cut taxes only for the rich |
|
|
Term
| when did the stock market crash? |
|
Definition
| October 29, 1929--Black Tuesday |
|
|
Term
|
Definition
| business produced more goods to make more money-->consumers had no money to buy excess goods-->without consumers purchasing, businesses began to lay off workers, who then had no money to buy goods-->lack of gov't regulation meant business controlled its own production |
|
|
