Unit 3: GD/ND Acronyms

Emergency Banking Act of 1933

Emergency Banking Act of 1933

1. 1st deal

1. shut down every bank in US

2. FDR permanently shuts down the banks that are irresponsible Funds the struggling, but responsible, banks with government loans (bail-outs)

Agricultural Adjustment Act

1. 1st Deal

1. Paid farmers money to reduce crops

2. migrant and tenant

3. deemed unconstitutional

Federal Emergency Relief Administration

1. 1st deal

1. Harry Hopkins

2. gives money to states for jobs, schools and charity (donuts + clothing)

3. 3 billion dollars

Tennessee Valley Authority

1. 1st deal

1. Built dams to provide hydroelectric, cheap electricity for TN valley

2. Dams for flood control

Securities Exchange Comission

1. 1st deal

1. Set limits on stock market

2. Companies have to release earnings so stocks match company earning

3. Set limits on margins, when stock market goes down you need to pay back part of loan

Home Owners' Loan Corporation

1. 1st deal

1. refinance mortgages

2. loans have lower interest rate

3. direct relief for 1 million

National Recovery Administration

1. 1st deal

1. propaganda to promote

2. set prices on certain goods

3. set wages for jobs (NOT a minimum wage)

4. Production quotas

5. Controversial bc FDR is making decisions on wages and price

6. Deemed unconstitutional - too much president power

Civilian Conservation Corps

1. 1st

1. Housing, food, jobs and clothing, ect for young unmarried men

2. men live at CCC camp doing conservation task

Civil Works Administration

1. 1st deal

1. create jobs for infrastructure

2. increase population and consumerism (more jobs --> more business)

Soil Conservation Service

1. 2nd deal

2. taught farmers how to deal with dust bowl and optimally farm (irrigation, fertilization, ect)

Public Works Administration

1. 1st deal

2. 3.8 million for dams, schools, bridges, ect

3. hired private contractors

4. long term economic investment

Social Security Act

1. 2nd deal

2. pensions to old (life expectancy age) and disabled

3. allow older ppl to be part of consumerism --> they can pay loans

4. portion of your paycheck automatically goes into pension

National Labor Relations Act (Wagner)

1. 2nd deal

2. federal protection for unions

3. increase in union membership

4. decrease in wealth gap

5. created national labor relations BOARD

National Labor Relations Board

1. 2nd deal

2. Independent federal agency vested with the power to safeguard employees' rights to organize and to determine whether to have unions as their bargaining representatives.

Holding Company Act

1. 2nd deal

2. broke up holding companies of gas and electricity

3. lowered price of gas and electricity

4. led to expansion of powers for SEC

Works Progress Administration

1. 2nd deal

1. Harry Hokins

2. largest deal (GOAT)

3. 8.5 jobs for highways, birds, termination, braille, murals ect

4. jobs in arts was finally helped (painters, play)

Rural Electrification Act

1. 2nd deal

2. Brought electricity to rural areas

3. 1950 - 90% electrified

National Youth Administration

1. 2nd deal

2. provided youth with jobs + jobs in college

3. provided classes to learn job skills

4. MARY MCLEOD (AA woman)

5. included women in classes + jobs

Fair Labor Standards Act

1. 2nd deal

2. Francis Perkins

3. Child labor limits (working hrs + types of jobs)

4. FIRST federal minimum wage

5. minimum 40 hr week and overtime pay

6. 70k ppl get raise

Revenue Act 1932

1. Hoover

2. Increases taxes for all, esp. wealthy

Glass Steagall Act

1. 1st deal

2. separates commercial (regular bank) and investment (stocks)

3. stock crash wont affect comercial banks

Wealth Tax Act

1. 2nd deal

2. raised taxes on wealthy

3. graduated tax on business (more u make more u pay)

Dawes Act 1887

1. reservation land owned by individual

2. sold NA reservation land to private owners

Indian Reorganization Act

1. John Collier

2. Reservations given back to tribes

3. self-government for tribes

4. money for schools (no more boarding schools) and jobs and loans

Federal Deposit Insurance Corporation

1. 1st deal

2. insures money put into a bank so it doesnt just disappear (up to 5k)

Farm Security Administration

1. 2nd deal

1. 1 billion dollars for food, water, clothing, education, shelter

2. hires ppl to scope out state of migrant farmers

3. creates farm communities to help sharecropping

4. includes marginalized groups (AAs and migrant)