Today we continued our presentations and I continued my study guide.
What was the New Deal about (1st and 2nd) and its goals (3 R's)?
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- The Federal Emergency Relief Act helped to try and get us out of the Depression. It gave money to the states to give to helped to checks to unemployed to be able to buy necessary things. The Act helped give 15 million people jobs and a lot of money was wasted and was ended in 1934. It lost a lot of money by useless spending and made many people angry because it caused people to not have jobs because of the welfare checks, they did not have to get jobs. The Public Work Administration budgeted several billion dollars on large projects to help the U.S. economy. Helped economic growth in the U.S. and did not restart the spread of smaller businesses in the U.S. It was not very successful. Helped many people get jobs building many schools, dams, buildings and other large projects. The Civil Works Administration was established in the Great Depression in 1933 and it provided many jobs to unemployed U.S. citizens and provided many construction jobs to the unemployed. It was set up under the Federal Emergency Relief Administration and it cost $200 million dollars a month and hired 4 million people at really high wages that were to expensive for the business to keep running. The CWA ended March 31, 1934 under the recommendation of Lewis Douglas.
farmers- The Farm Security Administration helped farmers make up new farming techniques and basically took their farm and told them what to plant, how to plant it and how to harvest it. The FSA failed because farmers wanted to own and work their own land not government owned land. Cooperative farms, worked with many people farming on a stretch of land and most of the time it failed and some ended up liking it and bought their own farm land. REA gave a lot of farmers electricity in the early 1790’s then 70% of the farmers had electricity ran to there homes.
factory workers/labor-
young people- The Civilian Conservation Corps helped 18-25 year old young men by planting trees, building forests and national parks. The CCC payed 30 dollars a month and 25 went back to their families to help them.
banks/business- FDIC insured the money that people put into banks. It was insurance on people’s money in banks. The FDIC has been a great add-on the banking system in the U.S. It does not insure Safe Deposit boxes or theft and fraud in banks and will not insure against Stocks. The First New Deal helped with the banks and businesses and helped to stop the suffrage of people during the Great Depression. The New Deal Strategy helped against the Depression. The First New Deal helped get the Banks up and going. The Second New Deal took place in 1935 to 1941. It helped from the bottom up and it helped the people who did not have jobs in banks. The RFC gave 2 million dollars to gov’t, state and local banks. He RFC gave to agricultural and industrial businesses. Then it gave to construction. The RFC was ended in 1554. Roosevelt continued the RFC after he took over for Hoover. The Federal Security act was referred to as the act of 1933. People believed that they should have gotten more security in the stock market. Many people still believed that pooling was still going to happen and the rich people could still manage to get more pooling going. The FSA reassured that pooling would never happen again. The Securities act of 1933 was the first act to help federal government jobs and because of the stock market crash this act was passed. They wanted people who knew about pooling and what not to try and stop it. The FSA was the first time that the government regulated the Stock Market.
home owners- The Home Owners’ Loan Act helped people to buy houses, but the downfall was that they had to pay it off in 5 to 10 years which is to short of a time when you are getting paid not a lot of money in a month. The main bank gave long term loans for people to be able to pay off their mortgages on their houses. The HOLA was extremely racist and FDR shied away from helping African Americans. The federal Housing Administration helps people pay large amounts on house mortgages. Helped people that were not doing so well during the Great Depression get their homes and allowed them to keep it without it being foreclosed upon. The United States Housing Authority was established in 1937. Provided for the lower cost construction of houses for low-wage U.S. citizens. Nearly 650,000 housing units like apartments and houses which created jobs for the low-wage earning people. To be considered a Welfare Unit citizen, you had to make 20 percent less in income than low-wage U.S. citizens. The welfare units were created for the poor and the people had to have a job and work hard to get a housing unit. The Civil rights group was told to be used by a racial segregated houses. units. The REA was a loan program that helped to help get people get running water and electricity to citizens. The REA had inexpensive ways to get electricity to get the farmers cheaper than the actual companies would charge them. The big cities were electrified in the 1920’s. In the early 1970’s, 70% of farmers had electricity.
elderly-
Native Americans- The IRA was also known as the Howard-Wheeler Act of the Indian New Deal. Native American tribes were being sold to each other and many people believed that this act would help the Natives and the Americans get along in the United States. The U.S. gave the Indians buy back that land that they took from them. This increased the number of schools so that Native American children could go to school too. Before this act, The U.S. had taken a lot of native land and we did not help them at all. The Dawes Act was the U.S.’s way to Americanize the Native Americans. The IRA was a good act and it helped us to try and get along with the U.S. Many tribes live on reservations. There is a 70% unemployment rate in reservations. Many children of the tribes feel terrible to go to college and that this really made them feel bad about how we treated them.
Stock Market- Social and Exchange Commission told brokers and bankers that they had to tell the truth about everything that they did with a customer. If they did not they could get a lot of trouble. The SEC is still around today, and helps to regulate the stock market and everything that happened in the stock market. The SEC helped to stop pooling, or the selling of a stock to other people that you sold the stock to, to make a lot of money.
Describe the culture of the 1930's.
FDR was the 32nd President of the United States, elected in 1932 and served a 3 term, 12 years, and the now most someone could not serve more than a 2 term, 8 years. President Roosevelt ran for New York Senate seat, and won. When FDR spoke he was standing up, but because of polio he had to have someone hold him up will he spoke so not to ruin his Presidency.
Key terms:
Hundred Days
fireside chats
priming the pump
deficit spending
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