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24 Cards in this Set
- Front
- Back
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Abandonment of gold standard |
1933- Our currency no longer based on gold in the Federal Reserve. Gold is finite and doesn't encourage trade. Reform
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Homeowners Loan Corporation (HOLC) |
1933-Government buys properties from banks and gives banks liquid capital. Government now owns property and citizens can pay lower interest over a long period of time. Abolished in 1951. Recovery
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Federal Housing Administration (FHA)
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1934-Very low interest loans to build homes. Homebuilders and construction workers get to work. Recovery.
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Federal Emergency Relief Act (FERA)
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1933- Technically Hoover's plan. Gave direct aid and handouts, jobs, vaccinations, and literacy classes. Ends in 1935, replaced by WPA in 1935. Relief
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Agricultural Adjustment Act (AAA)
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1933- Deals with overproduction in farms. Gave subsidies to farmers. Provides educational programs to farmers about preventing erosion. Did not help because tenant farmers and the Dust Bowl. Abolished 1936. Recovery
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Civil Works Administration (CWA)
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1933- Created temporary jobs and manual labor. Employed 4 million people. Increased tax burden on citizens. Administration cost $3 billion. $15 per week to 4 million Abolished in 1934. Relief
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Civilian Conservation Corps (CCC)
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1933- Sent 250,000 young men to work camps. Money in the form of environmental jobs and reforestation projects, and building of trails and campgrounds. Lasted until 1942. Relief
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Glass- Steagall Act (FDIC)
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1933- Created Federal Deposit Insurance Corps which still exists today. It insures bank investments. Federal government reimbursed up to $2,500. Today it's $250,000. Act repealed in 1999. Reform
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National Industrial Recovery Act (NRA)
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1933- Established minimum wage, permits collective bargaining for workers, and enforced codes of fair competition. Abolished in 1935. Recovery
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Public Works Administration (PWA)
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1933- $3.3 billion for large public works. Allowed you to hire contractors for skilled employers. Most famous is Golden Gate Bridge. Abolished in 1938. Relief and Recovery.
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Tennessee Valley Authority (TVA)
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1933- Government attempt to regulate Tennessee River. Built a series of dams to prevent flooding, provide and sell electricity. 1st government owned power utility. Reform.
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Securities Act (SEC)
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1933- Restricts margin buying by codifying standards for buying/selling. Requires full disclosure of stocks. Bulldog of Wall Street. Reform.
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National Youth Administration (NYA)
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1935-Provided part-time employment to more than 4.5 million college and high school students. Abolished in 1943. Relief
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Rural Electrification Administration (REA)
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1935- Encouraged farmers to join cooperatives to bring electricity to farms. Despite its efforts, by 1940, 40% of American farms were electrified. Reform
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Resettlement Administration (RA)
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1935- Helped to resettle poor tenant farmers who mainly traveled to California. Did not want them going back to farming. Replaced by FSA in 1937. Recovery.
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Social Security Act (SSA)
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1935- Response to critics (Townsend and Huey Long), it provided pensions, unemployment insurance, and aid to blind, deaf, disabled, and dependent children. Required 7 years participation with first payouts scheduled for 1942. Covers over 40 million accounting for 25% of our federal budget. Reform
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Wagner Act (NLRB)
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1935-Allowed workers to join unions and outlawed union-busting tactics by management. Modified by the Taft-Hartley Act of 1947. Reform.
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Works Progress Administration (WPA)
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1935-Employed 8.5 million workers in construction and other jobs, but more importantly provided work in arts, theater, and literary projects. Abolished in 1943. Relief.
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Farm Security Administration (FSA)
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1937-Helped farmers with economic and educational programs. Abolished in 1944. Recovery.
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Federal Crop Insurance Corporation (FCIC)
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1938-Insured crops and livestock against loss of production and revenue. Restructured by the Risk Management Agency in 1996. Reform.
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Smoot- Hawley Tariff
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1930-Erected extremely high tariffs on tens of thousands of US goods that led to sharp decline in US imports and exports. Abolished by GATT in 1947. Recovery.
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Agricultural Marketing Act (AMA)
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1929-Established the Federal Farm Board to extend $500 million in loans to farmers. Replaced by AAA in 1933. Recovery.
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Reconstruction Finance Corporation (RFC)
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1933-Hoover agency designed to give large loans totalling $1.5 billion to banks and big businesses with $400 million earmarked for self-sustaining public works projects. Only 20% ever spent. Abolished in 1954. Recovery.
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Fair Labor Standards Act (FLSB)
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1938-Abolished most forms of child labor and established a maximum normal work week of 40 hours and a minimum wage of $.40/hr. Reform |
