| A | B |
|---|
| New Deal | President Roosevelt's plan for the Great Depression |
| Deficit Spending | The govt. borrowing money from banks and foreign governments to pay for programs |
| Reason why right wing conservatives were against the New Deal | Govt. had too many regulations on businesses and was growing too big |
| Reason the left wing liberals were against the New Deal | The New Deal didn't go far enough & needed to more evenly distribute wealth/income |
| Wagner Act | Act that gave workers the right to form unions |
| Social Security | Program started to aid the retired created during the 2nd New Deal |
| Broker State | Legacy of the New Deal; the idea that role of govt. to work out conflicts between competing groups |
| Government Safety Net | Legacy of the New Deal; govt. provides relief programs to protect against economic disaster |
| Expanded govt. role & power in America | Legacy of the New Deal; When things get bad, we look to the govt. to fix our problems and crises for us |
| Townsend Plan | Pay $200 per month to people over 60; have to retire & have to spend almost all the money |
| 2 goals of the Townsend Plan | 1. Create jobs for unemployed by having people over 60 retire 2. Help economy by having the retired spend almost all of the money |
| Federal Deposit Insurance Corporation (FDIC) | Provides deposit insurance to guarantee the safety of deposits in banks |
| Securities & Exchange Commission (SEC) | Regulate the stock market & prevent corporate abuses |
| Civilian Conservation Corp. (CCC) | Provided unskilled manual labor jobs related to the conservation and development of natural resources in rural lands owned by federal, state and local governments |
| Tennessee Valley Authority (TVA) | Federally owned corporation to provide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development |
