Term | Definition |
Hawley-Smoot Tarriff | Meant to assist farmers.
Highest peacetime tariff.
Raised to 60%. |
Hoovervilles | Shantytowns of tin-and-paper. People fought over garbage and old newspapers for blankets. |
"Rugged Individualism" | |
First "Hundred Days" | Members hastily cranked out an unprecedented basketful of remedial legislation. |
Glass-Steagall Act (1933) | Provided for the Federal Deposit Insurance Coorporation |
Federal Deposit Insurance Corporation (FDIC) | Insured individual deposits up to $5,000 (later raised).
Ended epidemic of bank failures. |
Civilian Conservation Corps (CCC) | Provided employment in fresh-air government camps for about 3 million uniformed young men.
Kept them from performing criminal acts.
Useful work (reforestation, firefighting, flood control, and swamp drainage).
Required to send most of their pay home. |
Agricultural Adjustment Act (AAA) | Made millions of dollar available to help farmers meet their mortgages. |
Father Charles Coughlin | Catholic priest in Michigan.
Slogan was "Social Justice".
Preached anti-New Deal to some 40 million radio fans.
Finally silenced in 1942. |
Sen. Huey P. Long | "Share Our Wealth" program.
Promised to make "Every Man King".
Every family was to receive $5,000. |
Dr. Francis Townsend | Every elder 60+ was to receive $200 a month provided the money be spent within that month.
Scheme costed one-half the national income. |
Works Progress Administration (WPA) | Objective was employment on useful projects.
Ultimately spent about $11 million on thousands of public buildings, bridges, and hard-surfaced roads.
over 8 years, nearly 9 million people were given jobs. |
National Recovery Administration (NRA) | Designed to assist industry, labor, and the unemployed.
Labor was granted additional benefits. |
Public Works Administration (PWA) | Intended both for industrial recovery and unemployment relief.
Long-range recover was the primary purpose.
In time, over $4 billion was spent on some 34,000 projects including public buildings, highways, and parkways. |