Chapter 12 -Roosevelt and the New Deal

polio

deaded paralyzing disease Roosevelt had

New Deal

Roosevelt's policies for ending the Great Depression

gold standard

A monetary system in which paper money and coins are equal to the value of a certain amount of gold

band holidays

closing the remaining banks before bank runs could put them out of buisiness

hundred days

Congress passed 15 major acts to resolve the economic crisis, setting pace for new legislation that has never been equaled.

Federal Deposit Insurance Corporation

Provide government insurance for bank deposits up to certain amoint

securities and exchange commission

regulate stock market and prevent frauds

Home Owners Loan Corporation

loaned money at low interest to homeowners who could not meet mortgage payments

Farm Credit Administration

provided low-interest farm loans and mortgages to prevent foreclosures on the property of indebted farmers

agriculture adjustment act

the government paying farmers not to plant crops livestock in order to regulate agriculture

national industrial recovery act

Suspended the antitrust laws and allowed business, labor, and government to cooperate in setting up voluntary rules for each industry.

national recovery administration

New Deal agency that promoted economic recovery by regulating production, prices, and wages

civilian conservation corp

offered unemployed young men 18 to 25 years old the opportunity to work under the direction of the forestry service planting trees, fighting forest fires, and building reservoirs

federal emerency relief administration

channeled money to state and local agencies to fund their relief programs

Publics Works Administration

began a series of construction projects to build and improve highways, dams, sewer systems, waterworks, schools, and other government facilities because 1/3 were unemployed

civil works administration

Provided temporary jobs such as leaf-raking during the hard hit winter

deficit spending

abandoning a balanced budget and borrowing money to pay for government spending

american liberty league

organized opposition to the New Deal and " teach the necessity of respect for the rights of person and property"

works progress administration

New Deal agency that helped create jobs for those that needed them; created jobs such as bridges, roads, and buildings.

national labor relations board

organized factory elections by secret ballot to determine whether workers wanted to union

binding arbitration

dissatisfied union members could take their compaints to a neutral party who would listen to borth sides and decide on the issues.

sit down strike

employees stopped work inside the factory and refused to leave

congress of industrial organizations

union organization of unskilled workers broke away from AFL in 1935 and rejoined in 1955

frances perkins

U.S. Secretary of Labor from 1933 to 1945, and the first woman ever appointed to the cabinet.

court packing

Where FDR tried to add more members to the Supreme Court to pass his programs.

henry morgenthau

favored blancing the budget and cutting spending

john maynard kaynes

published a book argueing that government should spend heavily in a recession, even if it required deficit spending, to jump-start the economy

farm security administration

gave loans to tenants so they could purchase farms

broker state

the government works out conflicts among different interests

safety net

safeguards and relief programs that protected americans against an economic disaster

national housing act

received $500 million to subsidize loans for builders willing to provide low - cost housing

securities act

required companies that sold stocks and bonds to provide complete and truthful information to investors