Monday (2- 6 -17)- group Presents.
Impact on great depression and people. Homelessness and unemployment sky rocketed. People would drop out to get jobs and there parents are losing their jobs so the children tried to get jobs to help. Banks- because they lost all their money . Trading- slowed down because of lack of money and product. Boys especially would drop out and hop on a train and look for jobs.
Presidential Elections of 1932/36. Franklin Defeat Hoover. First election held during the great depression. Dramatic shift for political alignment. Promised recovery and hope to the nation. " New Deal" - Economic reform. Unemployment dropped. Generated more jobs.
President Hoover (Great Depression)- Organized National Credit Corporation in 1931.
Founded government agencies
Encouraged labor harmony
Supported local aid for public works
Fostered cooperation between government and business in order to stabilize prices
Struggled to balance the budget
Hoover's effort were constrained by his conservative political philosophy
Tuesday (2 - 7 - 17)-Presentations
Hoover- Organized the National Credit Corporation in 1931. Encouraged banks to lend to other failing banks in hopes they would recover. Federal Home Loan Bank act.
Bonus Army- Was just a name for some of the 43,00 marchers . The bonus army wanted congress to pass the Patman Bill authorized early payment of the veteran's bonuses that were granted to military veterans after WWI. Actually happened- July 28, 1932, President Hoover ordered them to be driven away, which resulted in violence. The US Army troops met the protesters with brute force.
Entertainment/ Fads- Not a lot of money they danced easy and fun way to have fun. Radios were used for information to travel very very fast. Louey Armstrong. Movie were really started to pick up. Fads- Flag pole studying. Gold fish swallowing. Joe Luis. Biggest sport event was the Olympic. Basketball- NBA itself 1938. Simi pro teams companys would fund teams. Babe ruth. NFL draft 1936. Movies- Hollywood made bank. Wizard of Oz. Tried to go for dramas and horrors.
First New Deal and Second Deal- First deal stock market plunged. Daily life- 1/4 jobs. Presidency- Hoover- thought it was temporary. F. Roosevelt- Introduced New Deal (8 years, stability with jobs eco) Dignity and prosperity lucky.
Second New Deal- the rebuild. Daily life- more employment. Presidency- F. Roosevelt went more aggressive. WPA Works progress admi- getting more jobs for the unemployed. National Labor Act- Conditions and rights. Social Security Act- unemployment insurance and child care. Differences- Not strict vs strict. Employment. Presidency.
Wednesday (2 - 8 - 17)
No School
Thursday (2 - 9 - 17)
Supreme Court Packing Issue- FDR wanted to get new policy's in. He made a new law that gave him the power. Population saw what he was doing. His policy's didn't go through. For every guy over 70 he could add one new justice. Adding justice was import because they determine the constitutional. They didn't like how much power he had.
Critics of the new deal- Father Charles coughlin. Francis Townsend. Huey "The King fish" long
Franklin Roosevelt- Wealthy, School in Germany, Law School (Harvard, Columbia), Related to TR and Eleanor, 6 Children, Polio legs, Lawyer, Governor of NY, 4 terms ( 22nd Amendment). Social Security Administration- 1935 , Still around today and successful, Type of insurance for old, injured, or disabled people, Only qualify by giving tax from your wage.
Public Works Administration- 1933, Doesn't exist/ Successful, Helped open up jobs, better work sites, and better wages.
National Youth Administration- 1935, Doesn't exist/ Somewhat successful, Job opportunities for teens and adults (18-25), also offered education for work
Security and Exchange Commission- 1934, still exists/ successful, helped people feel more comfortable about putting their money into stocks.
Agricultural Adjustment Act- 1993, Doesn't exist/ controversial, Told farmers to lower production and to raise prices for products. Destroyed production
Friday (2 - 10 - 17)
I presented about the three r's and the deficit spending and priming the pump,
A lot of debt.
Federal Reserve powers- set up 1914 Woodrow Wilson. There are 12 federal reserved bank around the state. Organization banker's bank- stop bank runs. Control's the amount of money in circulation. Controls interest rates. Makes the more powerful organizations.
Income and equality- cause of the great depression. How top 1% has more money to be in the top 1% 250,000 or more. Major gap between the rich and poor.
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