Reconstruction Finance Corporation (RFC)
Under Hoover, a federal agency which loaned money to big business in an effort to stimulate the depressed economy and save them from bankruptcy. Trickle down effect.
Louisiana Senator Long, critic of the New Deal. Said it did too little to help the poor. Advocated a program to transfer wealth from the rich to the poor. Assassinated in 1935.
Civil Works Admninistration (CWA)
During the winter of 1933-34, this government agency under Harry Hopkins created 4 million relief jobs for the unemployed.
Civilian Conservation Corps
Popular New Deal program that gave unemployed men work that was designed to preserve the nation's resources.
President Roosevelt didn't want the Supreme Court to declare his New Deal programs unconstitutional, so he asked Congress to allow him to appoint more justices, who would agree to Roosevelt's program. It was rejected by Congress and the public.
Agricultural Adjustment Act (AAA)
Part of the New Deal, in 1933.
Placed restrictions on farm production, and gave government money to growers of staple crops. The object was to raise farm prices, but it was counterproductive for tenant farmers and sharecroppers. Declared unconstitutional in 1936.
Organization of conservative politicians and businessmen who stood for states' rights and free enterprise. They opposed FDR and the New Deal.
Rural Electrification Administration (REA)
Transformed American rural life by making electricity available in areas that private companies had refused to service.
Congress of Industrial Organizations (CIO)
Organized the workers in mass-production industries like steel and automobiles. Improved the working conditions of unskilled factory workers, increased the political influence of labor, and brought minorities into the labor movement.
Indian Reorganization Act of 1934
This law reversed previous Indian policy by guaranteeing religious freedom and tribal self-government and providing economic assistance.