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5 Cards in this Set
- Front
- Back
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New Deal |
Aimed to solve the problems of the Great Depression by providing relief for the unemployed and launching efforts to stimulate economic recovery |
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National Recovery Administration |
Designed to assist industry, labor, and the unemployed through centralized planning mechanisms that monitored workers' earnings and working hours to distribute work and establish codes for "fair competition" to ensure that similar procedures were followed by all firms in any particular industrial sector |
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Tennessee Valley Authority |
Brought cheap electric power, full employment, low-cost housing, and environmental improvements |
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Wagner Act |
Protected the right of labor to organize in unions; AKA THE National Labor Relations Act |
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Keynesianism |
An economic theory based on the thought of British economist John Maynard Keynes, holding that central banks should adjust interest rates and governments should use deficit spending and tax policies to increase purchasing power and hence prosperity |
