U.S. History Chapter 10 – Flashcards
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What is the Federal Deposit Insurance Corporation?
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It covered people's savings in banks against loss.
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What was the Civil Works Administration?
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It hired workers directly, including thousands of women, to build or improve airports, roads, and playgrounds.
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What was the Works Progress Administration?
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It sponsored the controversial "Federal Number One" program that hired artists.
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What was the Fair Labor Standards Act?
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It established a 40-hour workweek for many workers.
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What was the American Liberty League?
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It formed to opposed FDR's New Deal.
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What was the Social Security Act?
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It was established to provide provide some security for unemployed workers.
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What was the Glass-Steagall Act?
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It prohibited commercial banks from speculating on the stock market.
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What was the Securities Act?
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It required companies that sold stocks and bonds to provide complete and truthful information to investors.
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What was the National Housing Act?
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It subsidized loans for builders willing to buy blocks of slums and build low-cost housing.
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What was the Public Works Administration?
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It awarded contracts to construction companies to build highways, dams, schools, and other facilities.
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How did Franklin Roosevelt win popularity as governor of New York?
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By helping people economically.
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What did Roosevelt believe to be his first priority as president?
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To restore confidence in the banks after the crash.
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Why did state governors declare "bank holidays?"
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To prevent bank runs.
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What was "New Nationalism?"
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It wanted government to work with business.
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Why was Roosevelt's "court-packing plan" a mistake?
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Because it appeared to interfere with the Constitution's separation of powers.
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What was the Securities and Exchange Commission?
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It regulated the stock market.
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What was the primary purpose of the Social Security Act?
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It was an insurance bill.
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What was the National Industrial Act?
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It set up codes of fair competition.
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What did the Supreme Court case Schecter v. United States accomplish?
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It struck down Roosevelt's NIRA act.
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Why did Roosevelt set up the National Industrial Recovery Act?
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It set up codes of fair competition.
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What was the purpose of the Townsend Act?
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To free up jobs for the unemployed.
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Describe Roosevelt's personality as it pertained to the nation's problem during the Great Depression.
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He was optimistic, and willing to try many programs to help people who were hurting.
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What was characteristic of New Deal agencies created between 1933 and 1934?
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They were all aimed at getting people back to work.
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What was the effect of the Second New Deal?
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It helped decrease unemployment between 1933 and 1937 and helped create jobs and improve living conditions.
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Why do workers have the right to collect Social Security?
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Because they pay into the system so that they might collect these savings when they retire or are in need.
