Chapter 15 Section 1

1. Franklin Delano Roosevelt-president who tried to alleviate the Great Depression with

programs like the New Deal.

New Deal-program to alleviate the Great Depression: focused on relief for the needy,

economic recovery, and financial reform.

Glass-Steagall Act-law that established the federal deposit insurance corporation to

protect individuals’ bank accounts

Federal Securities Act-required corporations to provide complete information on all stock

offerings and made them liable for any misrepresentations.

Agricultural Adjustment Act-sought to raise crop prices by lowering production by

paying farmers to leave a certain amount of every acre of land unseeded.

Civilian Conservation Corps-program that put young men to work building roads,

developing parks, planting trees, and helping in soil-erosion and flood-control projects.

National Industrial Recovery Act-provided money to states to create jobs chiefly in the

construction of schools and other community buildings.

Deficit Spending-spending more money than you receive in revenue

Huey Long-Senator of Louisiana who supported the new deal but turned against

Roosevelt in which he wanted to win the presidency for himself.

2. Problems: Lack of confidence in banks(1), Low crop prices(2), Massive

unemployment(3). Solutions: Bank holiday; treasury inspection; deposit insurance(1),

paying farmers to slow crop production(2), federal work programs(3).

3. The most important in my opinion is the FDIC. This is because the FDIC boosted

confidence in banks. They also provided federal insurance for individual bank accounts

up to 5000 dollars reassuring millions of banking customers.