Today we started with Chelseas presentation.
Describe the cycle of the Great Depression?
What was the New Deal(1st and 2nd) and it's 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
farmers
factory workers/labor
young people
banks- the Banking Act of 1935 Made the FDIC permanent, and it strengthened the Federal Reserve/ (business) - The NIRA created the NRA said that fair competition should be developed through public hearings. Better pay and reduced work hours (20-45 cents per hour, 35-45 hours per week.) Abolished child labor and drew larg numbers of unskilled workers to unions. The NRA was passed in 1933. Developed and admiistered an industrial code system that had control over pricing and production. Supported workers right tojoin labor unions. Ended disastorus competition, overproduction, labor conflicts, and deflating prices. Representatives of big buisnesses drafted codes that favored their interests. NRA wasn't successful. Ended in May 1935. Justices found that Title * of NIRA was invalid, and they declared it unconstitutional.
home owners
elderly
Native Americans
Describe the culture of the 1930's.
Key terms:
Hundred Days--First 100 days in office for Roosevelt. He passed 15 major laws, gave 15 messages to Congress. Did 10 speeches, held press conferences and cabinent meetins twice a week, sponsored an international conference and made al foreign and domestic policy decisions. Roosevelts presidency set a mold for future presidents.
fireside chats
priming the pump-when the Governtment takes action to stimulate the economy, cutting taxes or reducing interest rates.
deficit spending-when the government spent more money than they had to spend. They did this to get the economy up.
stockmarket- SEC-securities exchange commission. Created to regulate the stock market. Enforce 7 major acts.
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