2. 1) What is the Wagner Act AND why was it significant? (Page 499) 2) List the 3 major parts of the social security act (page 501). 3) Using the two graphs on page 517 what relationship does there seem to be between deficit spending and unemployment? 4) What criticism did FDR get from conservatives in regards to the New Deal programs? (page 516) 5) The TVA supplies electricity and water to how many states? (page 520-21).

3. 1. The Wagner Act gave the federal government power to protect and aid workers. 2. retirement, unemployment, disabled 3. Unemployment increases when there is less deficit spending and decreases when there is more deficit spending. Deficit spending stimulates the creation of jobs. 4. FDR’s policies made the federal government too large and too powerful, stifled free enterprise. 5. 7 states

4.  Analyze the effects of the New Deal during after the Great Depression on the United States.

5.  What Caused the Great Depression?  Drop in industry.  Overproduction of crops and inability to pay farm loans.  The availability of easy credit.  Consumers buying less goods due to high prices and low wages.  Unequal distribution of income.

6.  Federal Home Loan Bank Act (1932): Lowered loan rates for home and farmers so they did not half to foreclose their properties.  Reconstruction Finance Corporation (1932): Gave money to Bank and Businesses.  Trickle Down Economics : Give tax breaks or money to big businesses or the rich. The “bail out” $ will trickle down to the average citizens through job growth and an improved economy.

7.  He did allow money for public work projects.  Hoover Dam was by far the largest project.

8. New Deal=Government programs created to provide direct and indirect relief to the citizens. 1. Relief: Immediate action. 2. Recovery: Temporary programs to restart the flow of Products 3. Reform: Permanent programs to avoid another depression. *FDR and Congress passed 15 major pieces of legislation in the first 100 days.

9.  Deficit Spending- is when the government spends more money than it receives in revenue.  So why do this? Prime the pump!  Prime the Pump=Dump $ into the economy to stimulate the economy.

11.  Take a piece of paper and divide it into three parts.  On the left hand side you will have the Government Organizations created during the New Deal.  The middle column, tell me why they were created and what they did?  The third column, save for later.

12.  Glass-Steagall Act-Federal Deposit Insurance Corp. (FDIC), 1933  Social Security Act, 1935  Federal Securities Act- Securities and Exchange Commission (SEC), 1934  Agricultural Adjustment Act (AAA), 1933  Civilian Conservation Corps (CCC), 1933  Public Works Administration (PWA), 1933  Emergency Banking Relief Act (EBRA), 1933  Civil Works Administration (CWA), 1933  Federal Housing Administration (FHA), 1934  Tennessee Valley Authority (TVA), 1933  Works Progress Administration (WPA), 1935  The Wagner Act  Federal Emergency Relief Administration (FERA)  Fair Labor Standards Act, 1938

14.  Pull out your New Deal charts from last time.  Look up each program and see if they are still around. (You will need to use your technology for this.)  If they are still in existence write yes in the third column. If they are not then, write no.  If they changed their name write the new one in the third column.

15. New Deal=Government programs created to provide direct and indirect relief to the citizens. 1. Relief: Immediate action. 2. Recovery: Temporary programs to restart the flow of Products 3. Reform: Permanent programs to avoid another depression.

16.  Established the FDIC as a temporary government corporation.  Deposit’s $5,000 into personal accounts.  The Banking Act of 1935 made the FDIC a permanent agency.  Gave the FDIC the authority to regulate and supervise state non-member banks

17.  Supplemental income and retirement system.  Employee contributes to the SS fund as does the employer.  SS pays for: 1) Supplemental retirement. 2) Unemployment. 3) Aid to families with dependent children and aid to people with disabilities.

18.  SEC regulated the stock market.  Stock no longer is allowed to be sold “on margin”.  Speculate- invest in stocks, property, or other ventures in the hope of gain but with the risk of loss.  Stock prices are based on profit-loss margin rather than speculation.  Companies must now open their financial records to the public.

19.  Purpose: Raise crop prices by lowering production.  Paid farmers to NOT plant crops.

20.  Built state and national parks, recreational areas, soil conservation, forestry.  Directed by army officers and the forest service.

21.  Government spent $3.3 billion for public buildings, highways, bridges, flood control, and other improvements.

22.  1 st day in office FDR declares a national banking holiday.  This is to investigate bank and see if they need to be reformed.  FDIC: insured personal accounts in banks up to $5,000.  Fireside Chats: FDR convinces the American people their money is safe in the banks. Result=the next day the number of deposits exceeds withdrawals.

23.  Provided jobs and wages to those able to work.  “make work” jobs like leaf raking, ditch digging, highway building, etc.  $900 million spent in the winter of 1933- 34.

24.  Established in 1933 to construct dams and power plants along the Tennessee River and its tributaries.  Employed out of work Americans and supplied electricity to citizens in 7 southern states.

25.  Spent $5 billion to employ 8 million people with no skills.  Built 850 airports; built or repaired 651,000 miles of roads and streets; built 110,000 libraries, schools, and hospitals.  Also hired professionals to work in their field. Teachers, writers, artists, actors, and musicians.

26.  Provided $500 million for direct relief for the needy.  Furnished food and clothing to the unemployed, the elderly, and the sick.

27.  Set the maximum hour work week at 44 hours. 40 hours by 1940.  Minimum wage set at.25/hr..40/hr by 1945.  No hazardous jobs for workers under the age of 18.  Set rules on employing children under the age of 16.

28.  On your Charts in the third column. Separate the programs into the three categories of the New Deal.  Relief, Recovery, and Reform.  May use your Technology.

29. ReliefRecoveryReform EBRA FERA CWA CCC AAA WPA TVA FHA SEC FDIC Social Security Fair Labor Standard Act