Summative Chapter 24-26

• fireside chats

  The informal radio talks President Franklin Delano Roosevelt had with Americans during the Great Depression. They not only unified America with these nationwide speeches, but he roses American spirits by encouraging Americans through the Great Depression. FDR was the first president to effectively use the radio for politics. These talks occurred at least once a month, maybe even more frequently
• Emergency Banking Act

  Treasury Department inspection of banks before they reopened
• Economy Act

  reduced the government budget deficit by cutting federal employee salaries & reducing veteran benefits
• Glass-Steagall Act

  separated commercial banking from investment banking & established the FDIC
• Truth in Securities Act of 1933

  required corporations issuing new securities to provide full and accurate information about them to the public
• Securities and Exchange Commission (SEC)

  policed the stock market
• 21st Amendment

  ratified in 1933, repealed prohibition
• Agricultural Adjustment Administration

  production limitations on crops, subsidy to farmers, aimed to increase the price of farm commodities

  (was declared unconstitutional by the Supreme Court)
• Soil Conservation and Domestic Allotment Act

  permitted the government to accomplish other secondary goals to reduce agricultural production as to "conserve soil" and prevent erosion
• Security Administration (1937)

  provided loans to help farmers cultivating submarginal soil to relocate better lands
• Rural Electrification Administration

  worked to make electric power available for the first time to thousands of farmers through utility cooperatives
• National Industrial Recovery Act

  established the National Recovery Administration (NRA), promoted industrial cooperation

  • NRA codes were not perfect and they often favored large producers & raised floors to levels higher than the market could sustain
  • Section 7(a) promised workers the right to form unions & engage in collective bargaining (but no enforcement mechanism)
• Schechter vs. US

  declared the NRA unconstitutional because those legislative powers could not be delegated to the president
• Tennesse Valley Authority (TVA)

  a federal corporation tasked with addressing the economic and environmental problems of the Tennessee River Valley through projects like dam construction, flood control, electricity generation, and economic development
• Federal Emergency Relief Administration (FERA)

  provided direct relief to the unemployed and needy during the Great Depression by distributing federal funds to state and local agencies for food, shelter, and employment