Today in class we took notes and listened to presentations.
Describe the cycle of the Great Depression?
What was the New Deal(1st and 2nd) and it's goals(3 R's)?
keep businesses going, make the economy better,create jobs. The first new deal helped out businesses and banks. 33-35 second deal was to help set up more stuff for the people 35-38. It required for people getting the information, stop stock frauds federal security act is to stop frauds.
The New Deal:(1933-1935)--helped the economy
1933-2008
Things that Came From the New Deal: Emergency Bank Act-provided the president with the means to reopen viable banks and regulate banking; Economy Act-cut federal costs throught the reorganization of cuts in salaries and veterans; Beer-Wine Revenue Act-legalized and taxed wine: The Three R's, The New Deal was President Roosevelt's plan to help get us out of the Great Depression
The Second New Deal: (1935-1938)--helped the poor people
National Labor Act- Limits the means with which employers may react to workers in the private sector who create labor unions: Social Security, it set up programs to set up Retail on price control. The Bonus Bill-$1.5 billion to 3 million dollars to WW veterans
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 National Youth Administration. Lasted from 1935-1945. Helped unemployed high school, and college students. They included women unlike the CCC.
Farmers, Factory Worjers/ Labor workers, Young people:The NYA again was there to help college and high school students to stay in school and get jobs.
Banks/Business/Stock market: NIRA/NRA started july 1933 to help workers. It ended on May 27, 1935 and it only lasted around 2 years. SEC established in 1934. It is the Security Exchange Commision and it got created to regulate stock markets. They enforce 7 major acts.
Home Owners
Elderly
Describe the culture of the 1930's.
Key terms:
Hundred Days:Roosevelts first 100 days in office. He passed 15 major laws, gave 15 messages to congress, 10 speeches, held press conferences and cabinet meeting twice a week. sposored an international conference and many other things.
Fireside Chats
Priming the Pump
Deficit spending: Deficit spending was spending money that you didn't have to back anything up with.
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