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APUSH Chapter 23

TermDefinition
Smoot-Hawley Tariff high tariff during the Great Depression. By taxing imported goods, Congress hoped to stimulate American manufacturing, tariff triggered retaliatory tariffs in other countries, which hindered global trade led to greater economic contraction.
Bonus Army A group of 15,000 unemployed World War I veterans who set up camps near the Capitol building in 1932 to demand immediate payment of pension awards due to be paid in 1945.
Fair Labor Standards Act (FLSA) 1938 Collective bargaining, Minimum wage, 40 hour work week, end to child labor
Emergency Banking Act FDR ordered all banks closed to restore the public's confidence in the nation's banks
Federal Deposit Insurance Corporation (FDIC) 1933 REFORM. insured checking and savings accounts up to $250,000
Agricultural Adjustment Act (AAA) 1933 RECOVERY. New Deal legislation passed in May 1933 that aimed at cutting agricultural production to raise crop prices and thus farmers' income.
Federal Emergency Relief Administration (FERA) 1933-1935 RELIEF. Gave $500,000 to states and cities to provide direct relief and to create projects for hungry and homeless
National Recovery Administration (NRA) 1933 RECOVERY. Set codes for fair competition by maintaining prices, wages, hours (ruled unconstitutional)
Public Works Administration (PWA) 1933-1939 RELIEF. Provided jobs through construction projects hoping it would create jobs and lead to consumer spending.
Civilian Conservation Corp (CCC) 1933 RELIEF. Provided work for young men between 18-25 conserving natural resources; build parks, plant trees, flood control.
Securities and Exchange Commission (SEC) 1934 regulated the stock exchange and investment advisers
Wagner Act (National Labor Relations Act) 1935 Guaranteed labor the right to form unions and practice collective bargaining.
Social Security Act (SSA) 1935 1. Provides old age insurance 2. Unemployment insurance 3. Gave assistance to dependent children, elderly, ill, and handicapped
Works Progress Administration (WPA) 1935 RELIEF. Created to build schools, libraries, and cultural centers. Employed musicians, painters, and writers.
Keynesian Economics The theory, that purposeful government intervention in the economy (through lowering or raising taxes, interest rates, and government spending) can affect the level of overall economic activity and thereby prevent severe
Dust Bowl farmers suffered from giant dust storms that resulted from a drought
Tennessee Valley Authority (TVA) 1933 RELIEF. Provided jobs, cheap electricity, and flood control to rural areas through dams.
Senator Huey Long Proposed a "Share Our Wealth" program that taxed the rich and gave money to the poor
Frances Townsend proposed the Old Age Revolving Pension Plan, which would give $200 a month (about $3,300 today) to citizens over the age of sixty.
Rugged Individualism Hoover's belief that the government should not be involved in the economy, the economy will fix itself, and hard work earns its own rewards
Created by: fmaffucci
 

 



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