Transcript 10. 1 Study Guide

Agenda 3/9/2011
• Stamp 10.1 & Chart
• Go over answers
• 10.2 & Charts
• Each group responsible for some of the assignment
• Go over answers to the whole assignment
• Notebook Check Info
Ch. 10.1 Study Guide
1. Why did Roosevelt earn a reputation as a
progressive reformer when he was a
member of the New York State Senate?
He was willing to stand up to the party bosses
Ch. 10.1 Study Guide
2. What were some of Roosevelt’s policies
that made him popular when he was
Governor of New York State?
He cut taxes for farmers, worked to reduce
public utility rates, and pushed through the
legislature a state agency to help
unemployed New Yorkers.
Ch. 10.1 Study Guide
3. What effect did Roosevelt’s struggle
against polio have on his political
decisions?
He had a better understanding of
people’s hardships.
Ch. 10.1 Study Guide
4. Why did the number of runs on banks increase
prior to Roosevelt’s inauguration in March 1933,
and how did some governors try to prevent them?
People feared Roosevelt would abandon the gold
standard and reduce the value of the dollar in
order to fight the Depression.
Governors in 38 states declared bank holidays,
closing the remaining banks to prevent bank runs.
Ch. 10.1 Study Guide
5. What was the First New Deal?
It was 15 major acts passed by Congress to
meet the economic crisis during the first
hundred days of Roosevelt’s presidency.
6. What was the first thing Roosevelt had to
do when he took office?
Restore the American people’s confidence in
the banking system.
Ch. 10.1 Study Guide
7. What did the Emergency Banking Relief act
require?
It required federal examiners to survey the nation’s
banks and issue Treasury Department licenses to
those that were financially sound.
8. What was the term for Roosevelt’s radio talks
with the American people?
Fireside chats
Ch. 10.1 Study Guide
9. What agency did Congress create to
regulate the stock market and to prevent
fraud?
The Securities and Exchange Commission
10. What simple idea was the basis of the
Agriculture Adjustment Act?
That prices for farm goods were low because
farmers grew too much food
Ch. 10.1 Study Guide
11. How effective was the National Recovery
Administration?
It produced a short-lived revival of a few
industries. The codes created under the
NRA were hard to administer and business
leaders often ignored them.
Overall production fell after the NRA was
established.
Ch. 10.1 Study Guide
12. What two programs did Congress
establish to help homeowners and farmers,
and what was the purpose of each program?
The Homeowner’s Loan Corporation and the
Farm Credit Administration.
Purpose- to help those who had difficulty
paying their mortgages.
Ch. 10.1 Study Guide
13. Why did Roosevelt and his advisors want to
establish work relief programs for the
unemployed?
The argued that the unemployed were more likely to
maintain work skills and self-respect if they
earned their money.
14. What were three work relief programs?
The Civilian Conservation Corps,
the Public Works Administration and
the Civil Works Administration
New Deal Chart
Turn your paper over…
Glass-Steagall Act
• Prohibited banks from playing stock
market. Created Federal Deposit Insurance
Corporation (FDIC) to insure bank deposits
up to a certain amount.
• Opposition: American Bankers’ Association
Securities Act of 1933
• Required companies that issue stock to
provide complete and truthful info to
investors
• Opposition: None mentioned
Public Works Administration
• Awarded contracts for vast construction
projects that improved highways and built
dams, sewer systems, waterworks, schools
and government facilities
• Opposition: None mentioned
Agricultural Adjustment Act
• Government Paid farmers for nonproduction of certain crops or livestock in
order to decrease the farm surplus and raise
farm income.
• Opposition: tenant farmers, Supreme Court,
many citizens
National Industrial Recovery Act
• Set up codes for fair competition, shortened
work hours, established minimum wage
level, outlawed child labor, gave workers
right to unionize
• Opposition: Employers, Supreme Court
Tennessee Valley Authority
• Seven-state dam-building project to provide
jobs and rural electrification, control floods
and conserve forests
• Opposition: private power companies
Social Security Act
• Set up payroll tax to pay for monthly
retirement benefits after age 65 and
unemployment compensation; assisted
certain disabled groups
• Opposition: farm and domestic workers;
payroll tax critics