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14 Cards in this Set

  • Front
  • Back
made money to lend to banks, insurance companies, and railroads
Reconstruction Finance Act/Company
This law separated investment from commercial banking to limit speculation by bankers and created the Federal Deposit control.
Glass-Steagall Act of 1933
In 1930, Congress enacted the Hawley-Smoot Tariff, which raised duties on most manufactured goods to prohibitive levels. Unable to earn American dollars in trade, Europeans could not make their war debt payments, further aggravating the depression of both the American and European economies.
Hawley-Smoot Tariff
A Yale Socialogist who interviewed men, the long term jobless man gave up.
E. Wight Bakke
What was the "New Deal"?
New Programs started by FDR for the Gov't to get back on its feet
designates the period between Franklin Roosevelt's inauguration as president (March 4, 1933) and the adjournment of Congress on June 16, 1933. During the period, Congress passed an immense body of legislation requested by Roosevelt to try to stimulate the depressed economy.
Hundred Days
The day after becoming president in 1933, Franklin Roosevelt called for a four-day thing which placed an embargo on the export of gold and temporarily closed all banks while they were investigated by federal examiners to determine their solvency. Most banks were open again within a month.
Bank Holiday
Biographer of Roosevelt
Arthur Schlesinger, Jr
"Sound and the Fury", "Light in August", and "As I Lay Dying" were his literaure- Southern pride, poverty, racism
William Faulkner
What is the difference between the first New Deal and the Second New Deal?
Second New deal was much bolder and radical
Significances of New Deal
1) Eased Suffering, but did not revive economy
2) Many say prevented social revolution
3) FDR willing to experiment; no one knew cause
4) Policies were sometimes too timid and counterproductive
5) Nation began to look to fed. Gov't as guarantor of public welfare
6) Expanded bureaucracy & power of president
7) Federal bureaucracies regulating private sector
8) Revolutionized public perception of role of gov't
Role of Women in New Deal
Eleanor Roosevelt, Molly Dewson (Head of Women's Division of Democratic National Committee) helped place women in positions

Frances Perkins- Sec. of Labor; 1st woman in cabinet position
Blacks in the New Deal
a) moved to Dem. Party
b) FDR conservative in race relations so as not to alienate South
c) Blacks treated as 2nd class citizen
d) 2x as many umemployed; worked for 1/2 wages of whites
e) "Black Cabinet"-led by Mary McLeod Bethune & Charles Forman- tried for better treatment
F) CIO welcomed blacks
Role of FDR in New Deal
A) Good organizer, but delegated to experts
B) Little knowledge of economics or social problems
C) Personality marked every aspect of it
D) Great politician in ability to form and manipulate coalitions
E) personified federal government to millions
F) made it seem as if someone cared