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Reconstruction Finance Corporation - ✔✔a government agency established during the
Hoover administration which provided emergency relief by loaning money to failing
businesses
Bonus Army - ✔✔a protest movement of World War I veterans in 1932 demanding
early payment of service bonuses not due until 1945 to help them through the Great
Depression and to provide a stimulus for the economy
Smoot-Hawley Tariff - ✔✔originally designed to protect American industries by raising
the cost of imported goods but resulted in a trade war as other nations also raised their
tariffs, leading to a huge decrease in international trade
Glass-Steagall Act - ✔✔established the Federal Deposit Insurance Corporation (FDIC)
which guaranteed all bank deposits up to $5000 and separated commercial banks (could
take deposits and make loans with government guarantees) and investment banks
(could invest in the stock market at their own risk)
New Deal - ✔✔a term for the programs and legislation developed during Franklin
Roosevelt's administration aimed at ending the Great Depression
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, Fireside chats - ✔✔speeches broadcast nationally over the radio in which President
Franklin Roosevelt explained complex issues and programs in plain language
Economy Act - ✔✔gave FDR the power to cut government workers' salaries, reduce
payments to military veterans for non-service-connected disabilities, and to reorganize
federal agencies in the interest of reducing expenses; expanded the role of the
presidency more then any other act prior to it
Federal Emergency Relief Act (FERA) - ✔✔granted federal funds to state and local
agencies to help the unemployed; pumped $500 million into state welfare programs
Civilian Conservation Corps (CCC) - ✔✔the most popular New Deal agency, through
which unemployed young men worked in rural camps planting forests, pruning trees,
building parks, and shoring up the nation's wild lands
Agricultural Adjustment Act - ✔✔sought to shore up farm prices with a program to
plow under 10.5 million acres of cotton and slaughter 6 million piglets
Civilian Works Administration (CWA) - ✔✔a short-lived U.S. job creation program
established by the New Deal during the Great Depression to rapidly create manual
labor jobs for 4 million men & women, mainly improving or constructing buildings and
bridges
Public Works Administration (PWA) - ✔✔helped construction workers get jobs doing
public projects (highways, bridges, sewers)
National Industrial Recovery Act (NIRA) - ✔✔a law enacted to establish codes of fair
practice for industries and to promote industrial growth; established National Recovery
Administration (NRA) to set maximum hours and minimum wages for workers &
stimulated industry by fixing prices and setting production limits
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