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NEW DEAL
New Deal (pt.1)
| Question | Answer |
|---|---|
| EBA | The Emergency banking act: 5000 trustworthy banks reopened and only 5% permanently closed down |
| SEC | Securities Exchange Commision: was set up to restore investor confidence in the stock market, tightening up rules and regulations and the reckless speculation that caused the wall street in 1929. |
| CCC | Civilian Corporation Corps: Allowed men to sign for six months at a time (allowed to renew contract). They worked in enviromental projects such as in national parks and money usually went back to their families. Around 2.5 million helped by this scheme |
| FERA | Federal Emergency Relief Administration: Helped state and local governments create temporary jobs for those in need and around 20 million jobs were made from 1933 to 1935 |
| CWA | Civil Works Administration: Accompanied FERA and provided more short term jobs. Provided a further 4 million jobs |
| HOLC | Home owners loan corporation: Gave loans to 1 million families. Effective until 1935 when roosevelt stopped offering this and focused on repayments instead |
| AAA | Agricultural Adjustment Administration: Set quotas to reduce farm production in order to forge prices upwards and in extreme cases farmers got help with morgages. Helped 90% of large farmers but failed to help small tenant farmers and african americans |
| NIRA | National Industrial Recovery Act |
| PWA | Public Works Administration: Used government money to build schools, roads, dams, bridges, and airports. Spent $7 billion in total on job creations schemes and built many schools and hospitals (Part of NIRA) |
| NRA | National Recovery Administration: Improved economy by giving workers money to spend. Improved working conditions and outlawed child labour. Also set out fair wages and sensible levels of production. Over 2 miilion employers joined (Part of NIRA) |
| How many people redeposited by customers? | $1 billion |
| How much was spent on soup kitchens, clothing and employment schemes? | $500 million rahhh |
| When did HOLC stop loans and focuse on repayments? | 1935 |
| How much did prices of agricultural rise by? | Rose by 50% |
| Explain bad impact of ____ (AAA) | The implementation of modernised farming methods to conserve and protect the soil also had the effect of putting more farm labourers out of work |
| What two organisations are part of NIRA? | NRA and PWA |
| TRUE OR FALSE: Did PWA but also NRA require a huge amount of public money in the form of taxes to pay for it all. | TRUE |
Created by:
lola888
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