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22 Cards in this Set

  • Front
  • Back

What was the Reconstruction Finance Corporation?

Made loans to businesses. Failed to meet the need of the country and so the economy continued to decline.

Define relief and give an examples of programs that helped the American people

Relief was giving money directly to the needy, unemployed, and homeless. Some examples would be: The Civilian Conservation Corps, the Federal Emergency Relief Administration, and the Civil Works Administration.

Define reform and give examples of programs that helped the American people

Reform was a new way of building up or changing that provided jobs, security, and hope to the citizens of the U.S.Some examples would be: The National Labor Relations Board, social security

What was the Civilian Conservation Corps?

Provided jobs and relocation for young men (18-25) in rural settings under direction of the U.S. Army. These workers built parks, cut fire trails, planted trees, built small dams, helped with flood control, reclaimed ruined land, drained swamps, and helped with conservation.

What was the Farm Credit Union?

Help a large percentage of farmers refinance their mortgages. These loans saved millions of farm foreclosures.

What was the Homeowners Loan Corps?

Assisted homeowners that were behind on their payments ; restructured the loans with longer terms of repayment, and lower interest rates.

What was the Agricultural Adjustment Act?

Paid farmers for taking land out of production, inadvertently hurting tenant farmers because the owners of the land expelled the tenant farmers to take the land out of production.

What was the National Industrial Recovery Act?

Allow trade associations in many industries to write codes regulating wages, working conditions, production, and prices.

What was the Federal Emergency Relief Association?

Gave direct relief in form of money as aid to states and localities for distribution to needy.

What was the Public Works Administration?

Created to employ the construction industry, provided loans to private industry to build public works such as dams, ports, bridges, sewage plants, power plants, airfields, hospitals, and other useful projects.

What was the Civil Works Administration?

Hired workers directly to construct roads, schools, playgrounds, and parks

What was the Works Progress administration?

Largest of all public works programs, created jobs for numerous public works projects and funded the Federal Arts Project.

What was the Wagner Act (National Labor Relations Board)?

Reaffirmed labor's rights to bargain for wages, hours, and working conditions, to strike, and to arbitration grievances.

What was the Securities and Exchange Commission?

Regulated stock and bond trading; regulated exchanges where stocks and bonds are sold, and legislated requirements for disclosure on fair stock information.

What was the Federal Deposit Insurance Corporation?

Insured savings of bank depositors and monitored soundness of insured banking institutions.

What was the Tennessee Valley Authority?

Constructed to prevent flooding through water control and helped bring electricity to rural "pockets of poverty" that could not afford lines.

What was the Glass/Steagall Act?

Gave the government power to investigate banking conditions, vested greater regulatory powers in the Federal Reserve Board.

What was the Federal Housing Act?

Subsidized loans for contractors to construct low-income homes.

What were the Fair Labor Standards Act?

Abolished child labor, set minimum wages, and maximum working hours.

What was the Farm Security Administration?

Gave loans to tenant farmers to be able to buy their own land.

What did NLRB v Jones and Laughlin Steel do?

The court ruled that the federal government had the authority to regulate production within a state.

What did Wickard v Filburn do?

Court ruled that the government could regulate consumption in the states.