First One Hundred Days flashcards

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_____ was the president who came up with the New Deal Franklin D. Roosevelt
_____ was a measure by FDR that involved the regulation and reform of government spending and the banking system The New Deal
Where does the term "First Hundred days" come from? This is a term that described the first three and a half months of President Roosevelt's days after taking office. During this time, FDR was able to enact measures to reduce the panic from the financial crisis
The "First Hundred Days" was between _____ and ______ March 8th and June 16
Why did FDR declare a "bank holiday"? A day after he was inaugurated, FDR declared a "bank Holiday", closing all banks. This was to prevent a collapse of the banking system to give his administration time to enact measures to rescue the financial system and cool the public panic
Why did FDR end the gold standard? FDR ended the gold standard to avoid deflation.
what was the gold standard? It was a measure that saw the U.S currency backed up by gold reserves
What was the Glass-Steagall Act? It was an Act that impose regulation on the banking industry. The Glass Steagall Act saw the separation of commercial banking from investment banking. It also created the FDIC
______ Act was passed that allowed the closure of insolvent banks, reorganize them and eventually re-open the banks that had the potential to survive Emergency Banking Act
_______ Act gave FDR the power to cut government worker salaries, reduce military pay to veterans for non-service connected disabilities, and also reorganize federal agencies in order to reduce expenses Economy Act
What was the significance of the Economy Act? It gave the presidency more powers than it had before
______ Act repealed the 18th amendment and legalized alcohol Beer and Wine Revenue Act or 21st Amendment
What was the purpose of the Federal Emergency relief Act? It gave loans to states for relief programs

_____ was the president who came up with the New Deal

_____ was a measure by FDR that involved the regulation and reform of government spending and the banking system

Where does the term "First Hundred days" come from?

The "First Hundred Days" was between _____ and ______

Why did FDR declare a "bank holiday"?

Why did FDR end the gold standard?

what was the gold standard?

What was the Glass-Steagall Act?

______ Act was passed that allowed the closure of insolvent banks, reorganize them and eventually re-open the banks that had the potential to survive

_______ Act gave FDR the power to cut government worker salaries, reduce military pay to veterans for non-service connected disabilities, and also reorganize federal agencies in order to reduce expenses

What was the significance of the Economy Act?

______ Act repealed the 18th amendment and legalized alcohol

What was the purpose of the Federal Emergency relief Act?

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