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15 Cards in this Set

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  • Back
Emergency banking Act
Treasury department given the right to decide when a bank could reopen. The movement of gold was put under the president's control.
"fireside chats"
FDR's radio adresses to the public that it was safe to put money into the economy again. Many americans liked this and felt is was more personable.
Economy Act
One of the few New Deal laws that decreased spending, it cut federal spending in vetrans' pensions and cut the federal employees' salaries
Beer Act
a step towards repealing Prohibition
Agriculture Adjustment Act
set up a system that paid farmers to not grow crops, hoping it would raise farm prices and reduce surpluses
Civilian Conservation Corps
hired men between 18 and 25 to set up parks and forests, plant trees, build dams and bridges and restore historic sites.
Federal Emergency Relief Act
Gave direct money relief to Americans while they were unemployed. It improved roads, highways, and airfields during this time.
Farm Credit Act
This law created an agency to centralize all farm credit services.
"Truth In Securities" Act
This law required all sellers of stock to make public important information about the nature of these securities. It also gave the Federal Trade commission the power to block the sale of misrepresented securities and imposed stiff civil and criminal penalties for violaters.
Tennessee Valley Authority
created to operate a powere plant on the Tennessee River, it also determined the fairness of power rates, built dams, and created ways for electricity to reach rural areas in the Tennessee and surronding area. It is often criticized for being too socialistic
Home Owners' Loan Act
this law formed the Home Owners' Loan Corporation to refinance individual home mortgages at low interest for up to fifteen years.
Railroad Coordiantion Act
this act attempted to rescue the depressed railroad industry by enforcing consolidation, rate-making reforms, and other economic measures. ITs goal was a coordinated transportation system but it didn't work out.
National Industrial Recovery Act
Congress gave the president the power to manage all the nation's business life. It was declared unconstitutional by the Supreme Court, as it said that Congress did not have the right to delegate law making priviledges to the president
National Recovery Administration
established by FDR, it was supposed to regulate wages, working hours, and prices, as well as establish recognition for trade unions.
Glass-Steagall Banking Act
forced commercial banks out of the investment business and made those with the Federal Deposit Corporation to insure bank deposits up to $5000