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

He was willing to stand up to the party bosses Ch. 10.1 Study Guide 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.

He had a better understanding of Ch. 10.1 Study Guide 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.

Restore the American people’s confidence in the banking system. 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

Overall production fell after the NRA was established. 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 non-production 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