New Deal Fights the Depression PDF

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CHAPTER

15

GUIDED READING

A New Deal Fights the Depression

Section 1

A. As you read about President Roosevelt’s New Deal, take notes to answer questions about each new federal program. The first one is done for you. Federal Program Business Assistance and Reform 1. Emergency Banking Relief Act (EBRA)

What was its immediate purpose? Authorized the Treasury Department to inspect and close banks

What was its long-term goal? To restore public confidence in banks

2. Glass-Steagall Banking Act of 1933 3. Federal Securities Act 4. National Industrial Recovery Act (NIRA) Farm Relief/Rural Development 5. Agricultural Adjustment Act (AAA) 6. Tennessee Valley Authority (TVA)

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Employment Projects 7. Civilian Conservation Corps (CCC) 8. Federal Emergency Relief Administration (FERA) 9. Public Works Administration (PWA) 10. Civil Works Administration (CWA) Housing 11. Home Owners Loan Corporation (HOLC)

B. On the back of this paper, explain who Huey Long was and why he is a significant historical figure. The New Deal 53

Answer Key Chapter 15, Section 1 GUIDED READING A. Possible answers: 1. Immediate: (Provided) Long-Term: (Provided) 2. Immediate: Established the FDIC Long-Term: To restore public confidence in banks 3. Immediate: Required corporations to provide complete information on all stock offerings Long-Term: To restore public confidence in the stock market 4. Immediate: Set prices; established labor standards Long-Term: To ensure fair business practices and to promote industrial growth 5. Immediate: Paid farmers to lower production Long-Term: To raise crop prices (and, thus, farm income) 6. Immediate: Built and repaired dams and other projects in the Tennessee Valley Long-Term: To create prosperity in the impoverished Tennessee Valley region 7. Immediate: Put young men to work on road-building and conservation projects Long-Term: To reduce unemployment

8. Immediate: Provided direct relief for the needy Long-Term: To provide for the basic needs of the people hit hardest by the Depression 9. Immediate: Provided money to states to create jobs Long-Term: To reduce unemployment 10. Immediate: Provided 4 million immediate jobs Long-Term: To reduce unemployment 11. Immediate: Provided government loans to homeowners who faced foreclosure Long-Term: To help families keep their homes B. Students should identify Huey Long as a spokesman for the poor; a governor of Louisiana and, later, its U.S. Senator; and an early supporter of the New Deal who turned against Roosevelt. His Share Our Wealth proposal was extremely popular nationwide. He was assassinated in 1935 at the height of his popularity....