Studied by 5 people
ND1-What was the Emergency Banking Relief Act?
Gave treasury authority to investigate banks threatened with collapse and got RFC to buy up their debts
ND1-How was the Stock Exchange regulated?
The Securities Exchange Commission
ND1-What administration funded states for unemployment relief?
The Emergency Relief Administration
ND1-How many alphabet agencies were there for depression recovery?
16
ND1-What agency paid farmers to produce less and how successful?
the Agricultural Adjustment Agency- price of cotton was up to 10 cents in 1933
What did the NRA do?
Suspend anti trust legislation, tried to enforce workers rights but failed
What was the problem with the NRA demand for minimum wage?
Small firms couldn’t afford it
ND1-What act aided industrial recovery?
National Industry Recovery Act (NIRA)
ND1-How much was the PWA funded with?
$3.3 bn
ND1-What was the Civilian Conservation Corps?
Gave young people experience in useful jobs like planting trees (3bn) and laying telephone lines
3 impacts of the 1st New Deal?
direct govt relief
restored confidence in economy
insufficient funding but important precedent
What were the 3 main reasons for the 2nd New Deal?
congress demanded radical measure
wealthy + BB opposed him
wanted to appeal to disadvantaged
ND2-How much did the Emergency Relief Appropriation Act spend on public works?
Almost $50bn
ND2-What were 2 big projects of the WPA?
Fort Knox and the Lincoln Tunnel
ND2-When was the Rural Electrification Act?
1935
ND2-What was the Revenue Act?
Increased taxes on the top 1%
ND2-What did the Social Security Act provide?
Old age and disability pensions, and unemployment benefit
ND2-What were the caveats to the Social Security Act?
Pensions were self-financing, excluding many earning too little, and Healthcare Insurance was not included
ND2-What was the Wagner Act?
Gave Trade Unions legal rights
When was the Liberty League formed?
April 1934
What was the Liberty League and how successful?
Formed of Conservative Democrats and Republicans who believed in free market supremacy
Peaked in 1936 but flopped after election victory
Who advocated for ‘Share our Wealth’?
Louisiana senator Huey Long
What did Huey Long want? (3)
Private fortune of $3 mil should be redistributed
Government funded pensions and minimum wage
Guaranteed family income
When was Long assassinated?
Sept 1935
What did ‘Thunder of the Left’ advocate for?
Nationalisation
What did the Supreme Court do in the 1930s?
Increasingly declare legislation unconstitutional like NIRA and the AAA
What were the aims of the Judiciary Reform Bill?(2)
raise number of judges to 15
replace judges when they hit 70
Who rejected the Judiciary Reform Bill?
Senate
What was Roosevelt’s problem with the Democrats?
conservative Democrats were wary of him so he supported liberal Democrats more which meant congress was divided
Note 
Flashcard (20)