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Cards In This Set
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What are the reasons given in your text for the "Great Crash" of 1929?
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Sale of durable goods declined, construction of houses and buildings fel slightly. then speculation. Black Thursday - stock market crashed.
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What corporation did Hoover propose and Congress create in 1932?
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Reconstruction Finance Corporation (RFC)
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What was the corporation's goal?
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Reconstruction Finance Corporation (RFC) - loaned government money to financial institutions (banks and insurance companies) to save them from bankruptcy
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What major govt agency did FDR create during his first "hundred days?"
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TVA - Tennessee Valley Authority - building of series of dams in seven states along TN River to control floods, ease navigation, produce electricity
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What was the NRA, and what was it supposed to do?
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National Recovery Administration - attempt to achieve economic advance through planning and cooperation among govt, business, and labor
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Was the NRA successful?
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NO
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What was the AAA and its purpose?
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Agricultural Adjstment Administration - allocate acreage among individual farmers, encouraging them to take land out of production by paying them subsidies.
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What was the CCC and its purpose?
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Civilian Conservation Corps - enrolled young men and sent them to work on nation's public lands, cutting trails, planting trees, building bridges, and paving roads.
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What was the CWA and its purpose?
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Civil Works Admin - put 4 million men and women to work building roads, schools, playgrounds and athletic fields.
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What was the WPA and its purpose?
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Works Progress Admin - usual construction and conservation projects, also preserve skills of American artists, actors, and writers.
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What 3 things was Social Security supposed to provide?
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1. provided for old-age pensions financed equally by a tax on employers and workers.
2. set up a system of unemployment compensation on a federal-state basis. 3. direct federal grants to the states for welfare payments to the blind, handicapped, needy elderly, and dependent children. |
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What was the Wagner Act and its purpose?
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Outlaw company unions and other unfair labor practices in order to ensure collective bargaining for unions. created a National Labor Relations Board to preside over labor-management relations and enable unions to engage in collective bargaining with federal support. act outlawed union-busting tactics and decreed that majority of workers union would negotiate with management about wages, hours, working conditions.
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What was the Fair Labor Standards Act and its purpose?
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Law that aimed to establish both minimum wages and maximum hours of work per week.
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What effective strike technique was developed by the newly formed UAW?
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Sat down in factory, refusing to leave until the company recognized their union, and threatening to destroy the valuable tools and machines if they were removed forcibly
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What was the "court-packing" scheme all about?
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Supreme Court was FDR's last obstacle to achieve more of his goals. FDR declared Supreme Court was falling behind schedule because of the of the older members (over 70 - 6 justices.) FDR appointed 4 new justices (9 to 13) to vote for his policies. Supreme Ct said was up to date. FDR had bad relations with Congress afterwards.
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