Chapter 26 Study Guide

Chapter 26 Study Guide - Alan Brinkley, The Unfinished...

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Alan Brinkley, The Unfinished Nation : Study Guide Chapter 26: The New Deal 1. World War II ended the Great Depression. 2. In order to restore the public’s confidence in banks, the Roosevelt administration closed all American banks for four days until Congress could meet in special session to consider banking reform. Congress then passed the Emergency Banking Act, a generally conservative bill designed primarily to protect the larger banks from being dragged down by the weakness of the smaller ones. The bill provided for Treasury Department inspection of all banks before they would be allowed to reopen, for federal assistance to some troubled institutions, and for a thorough reorganization of those banks in the great difficulty. To restore confidence in the stock market, Congress passed the so-called Truth in Securities Act of 1933, requiring corporations issuing new securities to provide full and accurate information about them to the public. Another act, of June 1934, established the Securities and Exchange Commission (SEC) to police the stock market. 3. The Agricultural Adjustment Act helped bring about a rise in prices for farm commodities in the years after 1933. Gross farm income increased by half in the first three years of the New Deal, and the agricultural economy as a whole emerged from the 1930s much more stable and prosperous than it had been in many years. 4. The National Recovery Administration wasn’t more successful in promoting business prosperity because of the serious difficulties it encountered from the beginning. The “blanket codes” themselves were hastily and often poorly written. Large producers consistently dominated the code-
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Chapter 26 Study Guide - Alan Brinkley, The Unfinished...

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