The Second New Deal

25 December 2022
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Second New Deal
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(1935) a new set of programs in the spring of 1935 including additional banking reforms, new tax laws, new relief programs; AKA the Second Hundred Days
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WPA (Works Progress Administration)
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employed 8.5 million Americans on public-works projects
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Social Security
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a system for providing pensions, guaranteed regular payments, for many Americans age 65 and older
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AFL (American Federation of Labor)
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a collectio of smaller unions representing the interests of skilled workers
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John L. Lewis
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head of the United Mine Workers; led the CIO
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CIO
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broke away from the AFL
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sit-down strike
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a strike in which workers refuse to work or leave the workplace until a settlement is reached
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deficit
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when a governement spends more money than it takes in
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John Maynard Keynes
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British economist; argued that deficit spending could provide jobs and stimulate the economy
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Wagner Act
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outlawed a number of antilabor practices, like the creation of company-sponsored unions
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NLRB (National Labor Relations Board)
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given the authority to conduct voting in workplaces to determine whether employees wanted union representation
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REA (Rural Electrification Administration)
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could loan money to farm cooperatives and other groups trying to bring electricity to people living in rural areas
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Farm Tenancy Act
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gave tenants and sharecroppers a chance to buy land of their own