NAME:______________________________
Text Assignment, FDR; p. 740-753
(28 pts)
1.
Define and Explain the Significance of the following components of the New Deal (12 pts)
Term
Federal Deposit
Insurance
Corporation
Home Owners Loan
Corporation
Definition
Significance
Insured each bank deposit up to 2,500
If the banks lose your $ the gov will pay you
Assist home owners who could not meet their
mortgage payments
Save millions of American families from losing
their property
Low interest, long term loans to farmers
Allowed farmers to pay off their mortgages and
back taxes and buy back lost farms, purchase
seed, fertilizer and equipment
Young men work in parks and national forests
1$ a day – create jobs for people
2.5 million men employed
Stimulate businesses and reduce unemployment
– stabilizing prices, limiting work hours –
allows businesses to act as Trusts
Ineffective and ruled unconstitutional
Paid farmers to reduce their ouput of corn,
cotton, dairy, hogs, rice, tobacco, wheat
Helped to raise prices which helped farmers but
taxes on food processors were passed to
consumers – benefited large farmers over small
Improve the natural and social climate of
Tennessee
New dams, power stations, flod control etc
Created by NIRA create jobs using federal
funds and stimulate businesses – contract with
private firms to complete PW projects
4billion spent 34,000 projects
Draw up codes of fair competition
Ineffective and ruled unconstitutional
Send 500$ million in relief aid to state and
local agencies to DIRECTLY help people
Families have funds to take care of themselves
Make work projects such as raking leaves and
picking up litter – create jobs
Employed some 4 million men and women –
response to people’s desire for work not
handouts
Farm Credit
Administration
Civilian Conservation
Corps
National Industrial
Recovery Act
Agricultural
Adjustment
Administration
Tennessee Valley
Authority
Public Works
Administration
National Recovery
Administration
Federal Emergency
Relief Administration
Civil Works
Administration
2.
How were Fireside Chats and the Emergency Banking Act supposed to improve American Confidence in the banking
system? (1 pt)
3.
Which New Deal programs above directly created jobs? (3 pts)
CWA – PWA – CCC
4.
How did many Americans feel about the idea of ‘handouts’ from the government? Choose 1 of the programs above
that you believe is an example of a handout and list it below. (2 pts)
5.
How is John Maynard Keynes economic theory reflected in the FDR Administration’s approach toward reviving
America? (2 pts)
6.
How did the Roosevelt Administration address the concerns of African Americans and American Indians? (1 pt)
7.
List the 3 criticisms of the New Deal as a whole. (p. 747) (1 pt)
a.
b.
c.
8.
Who do you think had the right approach; Hoover or FDR? Why (give 3 reasons)? (4 pts)
9.
Define: (1 pt each)
a. New Deal:
b.
Franklin Delano Roosevelt: