Today, we presented our projects. I'm still betting we'll only get like 3 people done today.. Bruns thinks we'll get like ten people done with these. Hahaaa.
Describe the cycle of the Great Depression?
What was the New Deal(1st and 2nd) and it's goals(3 R's)?
Set up many acts. Opened up banks that closed down to keep the money going. Cut costs of reorganization. Salaries of people were cut down for factories. Beer-Wine Revenue Act (March 22) Legalized. Opened up companies to make money. Keep businesses and banks going.
Second New Deal - NLRA - limits the means with which employers may react to workers in the private sector with created labor unions. - Social Security. - Sets up programs to set up Retail on price control. Bonus Bill - 1.5 million dollars to 3 million dollars to WW1 Veterans.
Difference between the 2 Deals - First Deal (33 - 35 helped with businesses and banks) is still set up today. and 2 Deal (35 - 38 set up for the people) one was only for the Great Depression.
Why did people criticize the New Deal?
Why was FDR upset with the US Supreme Court and what did he do to try to solve this issue?
How did the New Deal help:
unemployed
farmers
factory workers/labor
young people
banks/business/stocks
- Federal Security Act aimed to help the Stock Market Crash.
- People would monitor the Market so Monopolies wouldn't happen and pooling would stop.
- States "to require that investors receive significant information regarding securities being offered for public sale, and to probhit deceit, misrepresenttaions, and other fraud in the sale of securities to the public.
(Act set up to prevent what Martha Stuart did)
FDIC of 1933 (pays you back your money if the bank shuts down) (protected your money) - Federal Deposit Isurance Corporation - United States government. Seperated investment and commercial banking activities. Dodd-Frank Wall Street Reform and Consumer Protection Act for unlimited insurance coverage of noninterest-bearing transaction accounts.
Fire Side Chats (people sat by their fires and listened to the radio) - series of 30 evening radio speeches given by Pres. Franklin D. Roosevelt between 1933 - 1944. Talked about taxes and banks failing. New deal for the American people. Barrack Obama will deliver an annual State of the World Address and will hold fireside chats on the Internet. 15 - 45 min. long. Relied on stories anecdotes and analogies to explain the complex issues of facing the country. He used very basic materials and language.
home owners
elderly
Native Americans
Describe the culture of the 1930's.
Key terms:
Hundred Days
fireside chats
priming the pump
deficit spending
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