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22 Cards in this Set
- Front
- Back
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Fireside Chats
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A Presidential address to the nation characterized by a warm, intimate, and informal tone. It is designed to build confidence in the President's policies. The tradition of the fireside chat was begun by President Franklin D. Roosevelt on March 12, 1933, speaking to the nation by radio shortly after his inauguration, in the midst of the Great Depression.
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FDIC
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Federal Deposit Insurance Corporation . Created in 1933 in response to the thousands of bank failures that occurred in the 1920s and early 1930s. preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.
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Public Works Administration
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Created by the National Industrial Recovery Act on June 16, 1933. budgeted several billion dollars to be spent on the construction of public works as a means of providing employment, stabilizing purchasing power, improving public welfare, and contributing to a revival of American industry.
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Civilian Conservation Corps
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a program designed to tackle the problem of unemployed young men aged between 18 and 25 years old. The CCC camps were set up all over the United States. The organisation was based on the armed forces with officers in charge of the men. Between 1933 and 1941 over 3,000,000 men served in the CCC.
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Schechter v. U.S
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1935 - One of the most famous cases from the Great Depression era. The case tested the legality of certain methods used by Congress and President franklin d. roosevelt to combat the devastating economic effects of the depression.
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Securities Exchange Commission
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A government commission created by Congress to regulate the securities markets and protect investors. In addition to regulation and protection, it also monitors the corporate takeovers in the U.S.
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Second New Deal
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FDR's set of programs designed to stimulate the economy that began in 1935 after much of the 1st New Deal was declared unconstitutional by the Supreme Court; (2) these programs were characterized by greater government spending, increased work relief, and some attempt at long-term reform (esp. the Social Security system)
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Works Progress Administration (WPA)
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An unemployment relief agency that received much of the $5 billion allocated to FDR by the Emergency Relief Allocation Act of 1935. For 8 yrs, this agency provided job for all kinds of workers (from industrial engineers to authors & artists). Because of this agency's efforts, unemployment fell by >5% in 1935-1937
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Social Security Act of 1935
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Designed to assist in the maintenance of the financial well-being of eligible persons, was enacted in 1935 as part of President franklin d. roosevelt's New Deal. tax-supported government agency estab'd in Aug. 1935 to provide benefits to the elderly & disabled; it still exists
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Huey Long
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Louisiana senator & vocal critics of FDR's New Deal; his liberal "Share Our Wealth" program proposed a 100% tax on all income over $1 million & large wealth redistribution; his passionate speeches earned him followers & enemies: he was assassinated in Sept. 1935 at the capitol building in Baton Rouge
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John L. Lewis
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an eloquent spokesman for working people throughout the U.S. President of the United Mine Workers for over four decades, he won for his members the highest wages of any of the major industries of the period, and one of the first employer-paid health and retirement systems.
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Wagner Act 1935
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The National Labor Relations Act of the Wagner Act of 1935 was created by Congress to protect workers' right to unionization. protects the rights of most workers in the private sector to organize labor unions, to engage in collective bargaining, and to take part in strikes and other forms of concerted activity in support of their demands.
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Great Depression and New Deal
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Historians place a high value on the ideal of laissez-faire. Thus, the Depression was simply a painful but necessary market correction which would have corrected itself if left alone. To conservatives, small government means maximum freedom; and, the New Deal means the beginnings of an irresponsible and/or over-regulatory welfare state.
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Great Depression
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The Great Depression was an economic slump in North America, Europe, and other industrialized areas of the world that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world
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Black Tuesday
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Black Tuesday refers to October 29, 1929, when panicked sellers traded nearly 16 million shares on the New York Stock Exchange , and the Dow Jones Industrial Average fell 12%. Black Tuesday is often cited as the beginning of the Great Depression.
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Dust Bowl
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The Dust Bowl of the 1930s lasted about a decade. Its primary area of impact was on the southern Plains. The northern Plains were not so badly effected, but nonetheless, the drought, windblown dust and agricultural decline were no strangers to the north. In fact the agricultural devastation helped to lengthen the Depression whose effects were felt worldwide. The movement of people on the Plains was also profound.
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Gross National Product
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The Gross National Product (GNP) is the total dollar value of all final goods and services produced for consumption in society during a particular time period. Its rise or fall measures economic activity based on the labor and production output within a country.
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Herbert Hoover
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31st President of the United States Hoover was a professional mining engineer and author. As the United States Secretary of Commerce in the 1920s under Presidents Warren G. Harding and Calvin Coolidge, he promoted partnerships between government and business under the rubric "economic modernization".
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Franklin D Roosevelt
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32nd President of the United States and a central figure in world events during the mid-20th century, leading the United States during a time of worldwide economic crisis and world war
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20th Amendment
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The terms of the President and Vice President shall end at noon on the 20th day of January, and the terms of Senators and Representatives at noon on the 3d day of January, of the years in which such terms would have ended if this article had not been ratified; and the terms of their successors shall then begin.
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New Deal
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a series of economic programs implemented in the United States between 1933 and 1936. They were passed by the U.S. Congress during the first term of Franklin Delano Roosevelt
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Frances Perkins
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he was the U.S. Secretary of Labor from 1933 to 1945, and the first woman appointed to the U.S. Cabinet. As a loyal supporter of her friend, Franklin D. Roosevelt, she helped pull the labor movement into the New Deal coalition.
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