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The Depression & New Deal

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Term
Definition
Hawley-Smoot Tarriff   Meant to assist farmers. Highest peacetime tariff. Raised to 60%.  
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Hoovervilles   Shantytowns of tin-and-paper. People fought over garbage and old newspapers for blankets.  
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"Rugged Individualism"    
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First "Hundred Days"   Members hastily cranked out an unprecedented basketful of remedial legislation.  
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Glass-Steagall Act (1933)   Provided for the Federal Deposit Insurance Coorporation  
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Federal Deposit Insurance Corporation (FDIC)   Insured individual deposits up to $5,000 (later raised). Ended epidemic of bank failures.  
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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.  
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Agricultural Adjustment Act (AAA)   Made millions of dollar available to help farmers meet their mortgages.  
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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.  
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Sen. Huey P. Long   "Share Our Wealth" program. Promised to make "Every Man King". Every family was to receive $5,000.  
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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.  
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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.  
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National Recovery Administration (NRA)   Designed to assist industry, labor, and the unemployed. Labor was granted additional benefits.  
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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.  
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Created by: amandaespinoza
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