The Second and Third New Deal Questions

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What were the nick names of the Revenue Act?
The Wealth Tax Act & The 'Soak the Successful' tax
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What was the Revenue Act implemented to pay for?
To pay for the New Deal reforms
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What did the maximum tax on incomes over $50,000 increase to?
Increased from 59% to 75%
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How much did the new tax raise and why?
Only raised $250 million
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Why did it raise so little?
Only 1% of the population earned more than $10,000
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What was the aim of the Resettlement Administration?
Aimed to merge all rural rehabilitation projects into one new agency
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How many people did they plan to move?
To move 500,000 families from overworked lands
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What happened to the Greenbelt Communities?
Underfunding meant that only 3 were completed
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How many people did the agency actually resettle and why?
Only 4441 families due to cost and reluctance to move
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What did the government do in addition to this?
Set up various schemes to help farmers remain on their land
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Why was the Rural Electrification Administration formed?
To build generating plants & power lines in rural areas
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What % of farms had electricity in 1936?
12.6% of farms
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What problem did the Act have with banks?
Banks were reluctant to lend to rural projects (rarely paid back)
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How did it deal with this problem?
REA offered loans at low rates of interest
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What percentage of farms had electricity by 1941?
35% of farms had electricity
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Did the Rural Electrification Administration have any other successes?
It created 773 systems with 348,000 miles of transmission lines within 6 years
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What did the Emergency Relief Appropriation Act set up?
The Works Progress Administration (WPA) which recruited people for public works projects
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What did the WPA build?
1000 airport landing fields, 8000 schools and hospitals & 12,000 playgrounds
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What rule did the WPA break?
Wasn't supposed to engage in large projects but did - such as the cutting of the Lincoln Tunnel
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What held the Act back?
Lasted only one year & didn't compete with private business
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What did the Banking Act intend to do?
Intended to give federal government control of US banking to reduce power of Wall Street
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Which previous Act did the Banking Act wish to repeal?
1923 Federal Reserve Act
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What was the final compromise of the Banking Act?
Each federal reserve board elected its own head, with approval. Large banks had to register with the board and accept its authority
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How did the Banking Act change the control of the banking system?
Removed from private banking to central government
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What problem was the Public Utility Holding Company Act created to stop?
Problems had resulted from giant holding company structures
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How was the Act severe in operation?
Ordered the break up of companies more than 2x removed from its operating company
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What did the Act help get rid of?
It destroyed the pyramid structure within companies
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What was significant about the Wagner-Connery National Labour Relations Act?
It was not initiated by Roosevelt
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What rights did the Act guarantee workers?
Rights to collective bargaining through unions of their own choice
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Why was the National Labour Relations Board set up?
Set up to ensure fair play
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The Social Security Act was the first federal measure to do what?
First federal measure of direct help as a workers right
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What benefit was created for employers paying old age pensions for staff?
90% exemption from payroll tax if they did
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How was the Social Security Act inadequate to meet peoples needs?
Pensions were paid for at a min.$10 and max.$85 per month and not paid until 1940
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What did the Bankhead-Jones Farm Tenant Act aim to do?
Help tenants acquire low-interest loans to buy and restock their farms
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What did it help do?
Helped tens of thousands stay on their land & created 30 camps of temporary accomidation
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By 1947 how many farmers had bought their own farms?
40,000 farmers
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How much money had farmers borrowed?
900,000 farmers had borrowed $800 million
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What did the Wagner-Steagall National Housing Act establish?
The US Housing Authority
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What was the US Housing Authority established to do?
Provide loans up to 100% at low rates of interest to build new homes
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How much money did Congress allocate?
$500 (1/2 or request) - 10% for each state
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How many homes were built by 1941?
160,000 homes built at average rent of $12.15 a month
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How was the Authority not successful
Millions of people remained in poor housing
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Why did the 2nd Agricultural Adjustment Act focus on quotas?
Fairer to small farms
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What would the Commodity Credit Corporation do?
Gave out loans to store surplus produce
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What did the Food Stamp Plan do?
Surplus was given as relief - 50 cent reward for every $1 spent
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Why did the quotas not work?
In 1938 many farms had already overproduced before being told the quota
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What did the Fair Labour Standards Act do?
Helped workers by setting a minimum wage and maximum hours
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What was the new minimum wage?
25 cents per hour (intended to increase to 40 cents)
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What was the new maximum hours?
44 hours per week (intended to reduce to 40 hours)
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What were the immediate effects & changes?
Wages of 300,000 immediately increased & Hours of 1.3 million decreased
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How did the Fair Labour Standards Act help children?
Children under 18 were forbidden to work in hazardous employment
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Other cards in this set

Card 2

Front

What was the Revenue Act implemented to pay for?

Back

To pay for the New Deal reforms

Card 3

Front

What did the maximum tax on incomes over $50,000 increase to?

Back

Preview of the front of card 3

Card 4

Front

How much did the new tax raise and why?

Back

Preview of the front of card 4

Card 5

Front

Why did it raise so little?

Back

Preview of the front of card 5
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