Feb. 12th - Feb. 16th

[6Hannah]

Monday
• Talking about forum posts
• 23rd presentation: National Industrial Recovery Act/NIRA (consumers)
o Started in 1933
o Was a US labor and consumer law that got passed by the congress to authorize the current president of that time to regulate the industry for fair wages and prices that will help stimulate the economic
o Successful?
 Not really
o End?
 Was said to be unconstitutional in May 1935
o Was designed to get fair wages and decent conditions for workers and businesses
• 24th presentation: Federal Deposit Insurance Corporation/FDIC (bank)
o Was created in 1933
o Banking act created the FDIC, signed by the President on June 16, 1933
o Was is it?
 Preserves and promotes public confidence in the financial system
 Insuring deposits
o Why did it help?
 Banks and people who entrust their money into banks
o Success?
 Yes
 Maintained public confidence in the banking system\
o Still present
o Headquartered in Washington DC
• 25th presentation: Agricultural Adjustment Act/AAA (farmers)
o Started on May 12th, 1933
o Later ruled unconstitutional
o Was passed again as law 1937
o What did it do?
 Pay farmers to cut back on crop production so that crop prices would rise and income of the farmers wouldn’t be so low
 Get rid of overproduction
o Success?
 Did what it was supposed to do
 Don’t change much
o End?
 After the law 1937, everything started working again
25 forum posts till March 8th
Tuesday
• 26th presentation: AAA
• Court Packing Bill
o NRA and AAA
o Most of them white men over 70 (republicans)
o For every guy over 70, one more man (democrat) in the government
• Cartoon
• 9 supreme court justices, R’s law didn’t pass
• Reasons for Opposition to FDR and The New Deal
o It created a very powerful president that led Congress, this was a violation of checks and balances
o It was a radical departure from Laissez faire ideals. Created “big government”
o Heavy debt burden- the United States was engaged in deficit spending and this was unhealthy for the economy in the long run
• Opponents
o Some say FDR went too far. Spent too much $$.
o Others say he didn’t do enough. He needed to do more.
o More than likely he did just enough/ exactly the right.
• Father Charles Caughlin
o First pro-FDR
o Than criticized him
o Had famous TV shows
• Francis Townshend
o Criticized FDR, because he didn’t do enough for the elderly
o Gave ideas for the SSA
• Senator Huey Long
o Share-Our-Wealth program
o “Every man a king”
Wednesday
• No school
Thursday
• No school
Friday
• No school