New Deal/Roosevelt Study Guide Question #1 • What does FDR do the first day he takes office? Why? • Declared a bank holiday to figure out which banks still had money in them #1 • Declared a bank holiday to figure out which banks still had money in them Question #2 • What are fireside chats? • FDR’s informal radio broadcast • Explained to Americans what was going on with the banks • Calm Americans’ fears #2 • FDR’s informal radio broadcast • Explained to Americans what was going on with the banks • Calm Americans’ fears Question #3 • What was the Emergency Banking Relief Act? • Treasury Dept. inspected the banks and reopened the “sound” ones #3 • Treasury Dept. inspected the banks and reopened the “sound” ones Question #4 • What did FDR do to regulate banks and the stock market? • FDIC – insure depositor’s money • SEC – rules on the stock market #4 • FDIC – insure depositor’s money • SEC – rules on the stock market Question #5 • Why was there a push to repeal the 18th Amendment (prohibition)? • So the gov’t could tax alcohol – collect more revenue #5 • So the gov’t could tax alcohol – collect more revenue Question #6 • List and describe the New Deal programs. • AAA – Price supports for farmers • TVA – Dams for hydroelectric power • CCC – 18 to 25 yr. old men (building roads, developing parks,etc) • NIRA/NRA – Construction of bldgs, set max hours and min. wage • HOLC – Gov’t loans for homeowners • FERA – Direct aid for the needy #6 • AAA – Help raise the price of crops • TVA – Dams for hydroelectric power • CCC – 18 to 25 yr. old men (building roads, developing parks,etc) • NIRA/NRA – Construction of bldgs, set max hours and min. wage • HOLC – Gov’t loans for homeowners • FERA – Direct aid for the needy Question #7 • List and describe the Second New Deal programs. • WPA – Set out to create as many jobs as possible (airports, roads, public bldgs) • NYA – Provided education, jobs, counseling, and recreation for young people. • Wagner Act – Protected workers’ rights to be in a union and collectively bargain – Set up National Labor Relations Board (NLRB) to hear testimony of unfair practices • Social Security Act – Old-age insurance for retirees over 65, unemployment compensation system, aid to families with dependent children and the disabled #7 • WPA – Set out to create as many jobs as possible (airports, roads, public bldgs) • NYA – Provided education, jobs, counseling, and recreation for young people. • Wagner Act – Protected workers’ rights to be in a union and collectively bargain – Set up National Labor Relations Board (NLRB) to hear testimony of unfair practices • Social Security Act – Old-age insurance for retirees over 65, unemployment compensation system, aid to families with dependent children and the disabled Question #8 • Which New Deal programs still exist? • National Labor Relations Board, price supports for farmers, FDIC, SEC, Social Security, Tennessee Valley Authority #8 • National Labor Relations Board, price supports for farmers, FDIC, SEC, Social Security, Tennessee Valley Authority Question #9 • What did liberals and conservatives say about the New Deal? • Liberals believed that FDR and the New Deal didn’t do ENOUGH to help the poor • Conservatives believed that FDR did too much to help out the poor #9 • Liberals believed that FDR and the New Deal didn’t do ENOUGH to help the poor • Conservatives believed that FDR did too much to help out the poor Question #10 • How did the Supreme Court react to the New Deal? • Declared some unconstitutional • Thought some of the laws gave legislative powers to the executive branch • Thought some of the laws went too far in regulating business • Thought state matters were being taken care of by the Federal gov’t #10 • Declared some unconstitutional • Thought some of the laws gave legislative powers to the executive branch • Thought some of the laws went too far in regulating business • Thought state matters were being taken care of by the Federal gov’t Question #11 • How did FDR want to change the Supreme Court? What happened? • FDR wanted to “pack” the court with those who agreed with him • Wanted to add 6 justices to the Supreme Court • He was afraid the supreme court would declare all his New Deal legislation unconstitutional #11 • FDR wanted to “pack” the court with those who agreed with him • Wanted to add 6 justices to the Supreme Court • He was afraid the supreme court would declare all his New Deal legislation unconstitutional Question #12 • Whom did social security help? • old-age insurance, unemployment compensation, aid to the disabled and families with dependent children (low income families) #12 • old-age insurance, unemployment compensation, aid to the disabled and families with dependent children (low income families) Question #13 • What is the role of the Federal Reserve? • Manages nation’s money supply/change interest rates #13 • Manages nation’s money supply/change interest rates Question #14 • What is deficit spending? • Gov’t spends more $ than is receives in revenue #14 • Gov’t spends more $ than is receives in revenue