Febuary 5, 2010

What was the New Deal(1st and 2nd) and it's goals(3 R's)?

Why did people criticize the New Deal?
It was generated by lots of taxdollars, and weather it was a waste of money.
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 unemployed people were given jobs, such as to work in construction of infrastructure, and building of schools, courthouses, and government buildings.
farmers- got tax breaks off revenue generated off of crops
factory workers/labor
young people the NYA, national youth administration
banks/business- The FDIC protected accounts, so if a bank failed, the FDIC gives money to people with the failed accounts.
home owners
elderly
Native Americans- reservations with free land, dont have to pay taxes

Describe the culture of the 1930's. the culture of the 30's was very diffrent. Jobs were scarce, and the government was reforming. People ivested very wisely and eventually, the collapse of the economy rose again.

Key terms:

Hundred Days
fireside chats
priming the pump
deficit spending
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