FDR assassination:
- 1933 assassinated
- Shot by an Italian immigrant
- 25 ft away
- Wanted to kill FDR because he only cared about the rich people
What did the US government do to help alleviate the problems the Great Depression brought to our country?
National Youth Administration:
- Focused on providing education and work for people between ages 16 and 25
- In 1942, it became the War Manpower Commission after the Reorganization Act of 1939
- Youth development
- 327,000 students that were aided
- Paid $6-$40 a month for work study
- $10-$25 a month for part time jobs
Rural Electrification Administration:
- Enacted in 1935
- Provided federal loans for the installation of electrical distribution systems to serve rural areas of the U.S
- The funding was channeled through cooperative electric power companies, most still exist today
- Countryside was asking to give them electricity and said no
- They wouldn’t do it because of too much money
- Don’t have the money to do it
NLRD- Wagner Act:
- Allowed workers to join unions and outlawed union- busting tactics by management
- Formed on July 5, 1935
- The Wagner Act of 1935 created the Nation Labor Relations Board, which manages union- management relations
- Sponsored by Senator Robert F. Wagner, a democrat from New York, the Wagner Act established the federal government as the regulator and ultimate arbiter of labor relations.
- NLRB the an arbitrator
Glass- Steagall Act:
- Carter Glass (democrat from Virginia) and Henry B. Steagall (democrat from Alabama)
- Banking Act of 1933
- 5 or more Federal Reserve System member banks (capital stock $5 million)
- Banknotes
NIRA (National Industrial Recovery Act):
- Enacted on June 16, 1933. It was considered as a policy failure
- Two main Sections are Title 1 and Title 2, and section 7(a) of the bill, which protected collective bargaining rights for unions, proved contentious
- Implemented by the NRA and the PWA acts
- Power in numbers
- Title 1 Devoted to Industrial recovery, and authorized the promulgation of industrial codes of fair competition, guaranteed trade, union of right, permitted the regulation of working standards, and regulated the price of certain refined petroleum products and their transportation
- Title 2 established the Public Works Administration outlined the projects and funding opportunities it could engage in, and funded the Act
Securities and Exchange Commission:
- Established in 1934
- A government commission created by Congress to regulate the securities markets and protect investors
- Holds primary responsibility for enforcing the federal securities laws
- Main reason for the creations of the SEC was to regulate the stock market and prevent corporate abuse relating to the offering and sale of securities and corporate reporting
Works Progress Administration:
- Employed unskilled people to do public projects
- 3 million jobs for men and women I 1938
- Provided jobs for 8 years
- Branch of the Federal Emergency Relief Administration
Tennessee Valley Authority:
- Enacted in May 1933
- The federal government builds series of dams to prevent flooding and sell electricity.
- Only covered Tennessee, Alabama, Mississippi, and Kentucky, small pieces of Georgia, North Carolina, and Virginia.
Railroad Retirement Act:
- Replaced the SSA for rail industry employers and employees and provides monthly annuities for employees based on age and service or on disability
- Passed first in 1934
- The Supreme court didn’t pass it the first time
Civilian conservation corps:
- Provided 250,000 men with housing, food, shelter, etc. for working on gov.
- 300 different types of jobs classified into 10 groups
- 200,000 African- Americans were segregated
- Ran for 9 years
Good Neighbor Policy:
- Purpose to stay out of Latin American affairs
- Took troops out of Haiti and Nicaragua
- Ended with the threat of the Cold War
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