Roosevelts new deals( agriculture)

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Why did Roosevelt win the 1932 election?
He won it because of failings under Hoover. He was busy fighting the depression to campaign effectively the member of the re-elction team were short on ideas.
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What were Roosevelts priorities in policy?
His priority was to create economic improvement not merely through measure to effect recovery but to improve infrastructure like banking and finance.
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Why was the Agricultural Adjustment Act of May 1933 put in place?
Overproduction was the greatest problem of American Agriculture. The principal behind this act was the government would subsidise farmers to reduce their acreage and production voluntarily.
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What did they believe the impact of this act would be?
By producing less, cost of food would increase along with farmers income.
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What did the AAA do to farmers?
They payed farmers to reduce their production of staple products like cotton, milk and corn. Reduction of cotton was the most pressing however. The AAA destroyed cotton and piglets.
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What was the Tennessee Valley Authority
It was set up to deal with underdevelopment and poverty in the Tennessee Valley. It was hoped to harness the power of the River Tennessee which ran through seven of the poorest states.
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What were its major tasks?
*Construct 20 dams that would control flooding. *Provide jobs by setting up fertiliser manufacture factories. *To produce hydro-electric power for areas without electricity.
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Wha did the Governor of Nevada do out of fear of a collapse?
He declared a bank holiday and close every bank in the state.
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What was the Emergency Banking Relief Act?
On March 6th 1933 Roosevelt closed all banks in the country fo four days. The Treasury officials drafted an emergency legislation and was passed immediately.
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What were its aims?
It gave the treasure the power to investigate all banks threatening collapse. The Reconstruction Finance Corporation was authorised to buy their stock to support them and to take on many of their debts.
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What were the benefits that came out of Roosevelts fireside chats?
He explained things like placing your money in the bank rather than keeping it and its benefits. It worked and by the beginning of April 1933 $1 billion had been returned to bank deposits.
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What was the Glass-Steagall Act
It had commercial banks that relied on small-scale deposits were banned from involvement in the type of investment that fuelled the 1920's speculation. In addition bank officials were not allowed to take personal loans from their own banks.
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What was the Truth-in securities act 1933?
The truth-in securities act of 1933 required brokers to offer clients realistic information about securities they were selling.
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What was the securities act of 1934
The second was securities act 1934 it set up a new agency, the Securities Exchange Commission. It's task was to oversee the stock market activity and prevent fraudulent activities.
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Other cards in this set

Card 2

Front

What were Roosevelts priorities in policy?

Back

His priority was to create economic improvement not merely through measure to effect recovery but to improve infrastructure like banking and finance.

Card 3

Front

Why was the Agricultural Adjustment Act of May 1933 put in place?

Back

Preview of the front of card 3

Card 4

Front

What did they believe the impact of this act would be?

Back

Preview of the front of card 4

Card 5

Front

What did the AAA do to farmers?

Back

Preview of the front of card 5
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