P 8 a legendary session during the first few months

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Financial Markets & Institutions
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Chapter 1 / Exercise 5
Financial Markets & Institutions
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__P__8.A legendary session during the first few months of Franklin Roosevelt’s administration in which Congress enacted fifteen major bills that focused primarily on four problems: banking failures, agricultural overproduction, the business slump, and soaring unemployment.
A 1935 act with three main provisions: old-age pensions for workers; a joint federal-state system of compensation for unemployed workers; and a program of payments to widowed mothers and the blind, deaf, and disabled.
A New Deal construction program established by Congress in 1933, it was designed to put people back to work. It built the Boulder Dam (renamed Hoover Dam) and Grand Coulee Dam, among other large projects.
A group of fifteen thousand unemployed World War I veterans who set up camps nearthe Capitol building in 1932 to demand immediate payment of pension awards due to be paid in 1945.
A term applied to industrial democracies that adopt various government-guaranteed social-welfare programs. The creation of Social Security and other measures of the Second New Deal fundamentally changed American society and established this for the first time.
An association of industrialists and business leaders opposed to government regulation. In the era of the New Deal, the group promoted free enterprise and capitalism through a publicity campaign of radio programs, motion pictures, billboards, and direct mail.
14.An agency established by the Federal Housing Act of 1934 that refinanced home mortgages for mortgage holders facing possible foreclosure.
15.A contraction in the economy from 1937 to 1938 that occurred after President Roosevelt cut the federal budget.
A 1935 act that upheld the right of industrial workers to join unions and established the National Labor Relations Board (NLRB), a federal agency with the authority to protect workers from employer coercion and to guarantee collective bargaining.
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Financial Markets & Institutions
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Chapter 1 / Exercise 5
Financial Markets & Institutions
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An agency established in 1935 to promote nonprofit farm cooperatives that offered loans to farmers to install power lines.
A plan proposed in 1933 that would give $200 a month (about $3,300 today) to citizens over the age of sixty. Clubs sprang up across the country in support of the plan, mobilizing mass support for old-age pensions.
19.Federal relief program that provided jobs to millions of unemployed young men who built thousands of bridges, roads, trails, and other structures in state and national parks, bolstering the national infrastructure.
The theory, developed in the 1930s, that purposeful government intervention in the economy (through lowering or raising taxes, interest rates, and government spending) can affect the level of overall economic activity and thereby prevent severe depressions and runaway inflation.
A series of informal radio addresses Franklin Roosevelt made to the nation in which he explained New Deal initiatives.

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