#1: I think his wife influenced him a great deal, too. As a scion of a patrician family he had no idea how poor people could be until Eleanor took him to a soup kitchen where she volunteered. He was shocked. She had a great deal of influence throughout their marriage.
#4. The CWA was a temporary program only in the winter of 1933-34. Look up the Works Progress Administration.
#5. There were other Supreme Court rulings that also struck down parts of the New Deal.
1. What events in Roosevelt's life shaped his ideas and characters?
A: Roosevelt winning a seat in the New York State Senate, becoming assistant secretary of the navy, suffering from polio, and being elected as the governor of New York were the life events that shaped his ideas and character.
2. How did the government restore confidence in the banking system?
A: In order to restore confidence in the baking system, the government pushed for new regulations for both banks and the stock market. Roosevelt agreed with their ideas and threw his support behind the Securities Act of 1933 and the Glass-Steagall Banking Act. The Securities Act required companies that sold stocks and bonds to provide complete and truthful information to investors. The following year Congress created an independent agency, the Securities and Exchange Commission (SEC), to regulate the stock Mark and prevent fraud. The Glass-Steagall Act separated commercial banking from investment banking. Commercial banks handle everyday transactions. They take deposits, pay interest, cash checks, and loan money for mortgages and other business activities. Under the Glass-Steagall Act, these banks were no longer permitted to risk depositors' money by using it to speculate on the stock market. To further protect depositors, the Glass-Steaga Act also created the Federal Deposit Insurance Corporation (FDIC) to provide government insurance for banks deposits up to a certain amount. By protecting depositors in this way, the FDIC greatly increased public confidence in the banking system.
3. What New Deal programs helped farmers and homeowners?
A: The Farm Credit Administration (FCA) and the Home Owners' Loan Corporation (HOLC) helped farmers and homeowners.
4. What three New Deal programs provided work relief to the unemployed?
A: The Civilian Conservation Corps (CCC), the Civil Works Administration (CWA), and the Public Works Administration (PWA) provided work relief to the unemployed.
5. How did the Supreme Court's ruling affect the New Deal?
A: The Supreme Court's ruling affected the New Deal because it considered the the codes of the National Industrial Recovery Act (NIRA) unconstitutional. The ruling threatened to strike down the rest of the New Deal as well.
6. How did the Social Security Act protect workers?
A: The Social Security Act protected workers by giving them the right to receive benefits, such as the monthly retirement benefit and unemployment insurance, because they paid premiums.
7. What were the provisions of the Agricultural Adjustment Act and the National Industrial Recovery Act?
A: The National Industrial Recovery Act (NIRA) suspended the antitrust laws and allowed business, labor, and government to cooperate in setting up voluntary tiles for each industry. These rules were known as codes of fair competition. Some codes set prices, established minimum wages, and limited factories to two shifts per day so production could spread to as many firms as possible. Other codes shortened workers' hours with the goal of creating additional jobs. Another provision in the law guaranteed workers the right to form unions. The Agricultural Adjustment Act (AAA), on the other hand, increased food prices and farm income by reducing the supply of basic crops.
1 answer
2 answers