Chapter 24 Notes on AMSCO History Book

Fdr later got congress to pass civil works

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FDR later got congress to pass: Civil Works administration - CWA- added to PWA for creating jobs. Hired ppl for federal construction projects Securities and exchange commission- SEC- regulated stock market . Limits on speculation. Required audits by corporations to protect against fraud and secret insider trading Federal housing administration-FHA- For: Construction and homeowners What: insured bank loans for building new houses and fixing old ones Law that halted deflation by setting dollar value at $35 per ounce of gold. No more gold standard The Second New Deal Key Terms: Works Progress Administration, Resettlement Administration, Wagner Act, National Labor Relations Board, Rural Electrification Administration, Social Security Act Key Names: FQ23: What was different about FDR’s Second New Deal in comparison to the first New Deal?
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FDA first focused on Recovery. His 2nd New Deal focused on Relief and Reform Relief Programs Harry Hopkins, part of relief agency Works Progress Administration (WPA) FQ24: What was the main function of the Works Progress Administration? How did it accomplish its goals? (1935-1940) WPA - spent big money to get ppl jobs Construction Artists painted murals, wrote histories, performed in plays Resettlement Administration (RA) FQ25: What was the purpose of the Resettlement Administration? Resettlement Administration- Brain Trust person, Redford Tugwell Loans to sharecroppers and small farmers Federal camps- for workers looking for cheap housing Reforms Workers and farmers need gov help Businesses and rich ppl are fine National Labor Relations ( Wagner) Act (1935) FQ26: What was the main purpose of the Wagner Act? What: replaced labor provisions of National Industrial Recovery Act (it was unconstitutional) What it said: Workers can join Unions and bargain, and No unfair business practices National Labor Relations Board (NLRB) Enforced law, protected worker rights Rural Electrification Administration (REA) FQ27: What was the main purpose of the Rural Electrification Administration? Loans for electricity companies to spread power to farmlands Federal Taxes (1935) revenue act, What: increased tax on… wealthy ppl Gifts from parent to child Profits from stocks (capital gain) The Social Security Act FQ28: What was the main purpose of the Social Security Act? What: Federal insurance program based on payments from employees throughout career Result: Monthly payments to retired people over 65 Also for workers who lost jobs, people who are blind or disabled, and dependent children and moms Effect: helped the unemployed The Election of 1936 FQ29: Who supported FDR’s New Deal Programs? Who opposed them? Why?
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