Franklin Roosevelt, president during Great Depression from 1932-1945, demand side economic
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New Deal
multipart plan to help ease economic hardship for country
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Hoover
president pre-FDR, supply side economic
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Brain trust
group of diverse people to advice FDR, including republicans and a woman (Frances Perkins)
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RRR
relief, recovery, reform; what FDR wanted to acheive with new deal
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bank holiday
1933, all banks closed for 4 days to organize accounts and prepare
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fireside chat
FDR got on radios to talk about new deal and other govt issues, popularized him, restored faith in govt
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FDIC
1933, insured money in banks, if banks collapsed people wouldn’t lose all their money, restored faith
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SEC
securities and exchange commission; regulate stock market
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AAA
1933, agricultural adjustment act; end overproduction and raise prices for crops, paid farmers to not plant part of land and kill extra livestock
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TVA
1933 tenessee valley authority; built hydroelectric dams, controlled flooding, cheaper and cleaner energy for extremely poor area, had some negative effect on envmt
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CCC
1933 civilian conservation corps; provided jobs to lots of men, govt work like building trails and digging irrigation ditches, became inclusive to include more races
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FERA
1933 federal emergency relief act; gave funds to agencies to help unemployed
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HOLC
1933 home owners loan corporation; loaned money with low interest rates to poor
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FHA
1933 federal housing administration; insured loans used for building or fixing houses
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NIRA
1933 national industry recovery act, made NRA
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NRA
1933 national recovery administration; regulated minimum prices for goods and minimum wages to create fair competition
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PWA
1933 public works administration; built many important things such as bridges, power plants, etc that made many jobs
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Alfred E Smith
ran for pres 1928, thought new deal went too far/spent too much money and made govt too powerful
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Francis Townsend
doctor, thought govt should provide money for elderly, thought new deal didnt spend enough money
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Charles COughlin
popular radio show person (?), extremist ideals and was opposed to new deal
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Huey Long
louisiana senator, wanted to put high taes on rich and redistribute the wealth to the poor, assassinated in 1935
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second new deal
second part to new deal? someone send help
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WPA
1935 works progress administration; built highways, promoted soil/water conservation, funded artists, created lots of jobs
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harry hopkins
president of WPA
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demand side / keynesian / pump priming economics
ideal that to fix economy you give money and jobs to the poor so they can buy more stuff, coined by John Keynes
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supply side economics
ideal that to fix economy you give money to large corporations so they expand and make more jobs, doesnt really work
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Social security act
1935; unemployment insurance, insurance for work related accidents, aid to poor mothers, blind and disabled, originally did not apply to African-americans and valued men > women
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REA
1935 rural electrification administration; loaned money to electric companies to build power lines to isolated/rural areas
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BPA
1941 bonneville power administration; controlled flooding and provided electricity to pacific northwest
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Wagner act
also known as national labor relations act (NLRA); gave workers right to collective bargaining, led to national labor relations board (NLRB) which looked into worker complaints
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fair labor standards act
1938; minimum wage 25c/hr, max hours a week and outlawed child labor
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AFL
american federation of labor; skilled workers, did not organize very well
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CIO
congress of industrial organizations; John Lewis was pres, same thing as AFL but better, had poorer and more diverse people in it
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food, drug, and cosmetic act
1938; no more mislabeling of food
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UAW
1936 united automobile workers union; held a sit down strike in flint, very successful, lasted 44 days, popularized workers unions
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Schechter poultry vs united states
1935; court case that ruled the NIRA unconstitutional
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court packing
1937; FDR proposed adding new justices that would support the new deal so they wouldnt be overruled; made him less popular
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Justice Owen J Roberts
deciding vote in supreme court rulings that kept new deal pacts
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Eleanor Roosevelt
transformed role of First Lady, travelled and publicized her husband, supported arts, womens rights, provided women with direct access to pres, also used position to protest racial discrimination
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Black cabinet
informal group of African- americans to advise pres, didn’t always listen to them
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indian new deal
made by john collier, gave native americans greater control over their own affairs, included creation of indian ccc, indian reorganization act of 1934, and the bureau of indian affairs encourage native customs
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navajo livestock reduction program
forced navajo to sell or kill thousands of sheep, main food source, supposedly caused soil erosion
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new deal coalition
more people voted left including southern whites, northern blue collar workers, poor midwestern farmers and african americans. this gave the democratic a huge boost in state/local elections, the senate, and pres elections
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world war ii
ended depression because of mass spending
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welfare state
govt that provides for welfare of children, poor, elderly, sick, disabled, and unemployed; first time that many americans received aid from govt
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nature conservation
FDR tried to help fix the dust bowl,and created national parks; some projects such as dams had negative effects on envmt
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22nd ammendment
1951; created bc of FDR, only 2 terms
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escapism
many people watched movies/ listened to radio shows to escape their hardships
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NBC, CBS
popular radio companies
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MGM, Warner Brothers, Twentieth century fox, paramount
popular film companies
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frank captra
director of movies that showcased an average american as the main protagonist; *Mr Smith Goes to Washington*
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federal art project, federal writers project, federal theater project
provided jobs for artists, controversial and seen as radical by some conservatives
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literature of the depression
focused on personal stories, documented life at the time
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Bing Crosby
crooner/singer of 1930s, big influence on culture and music