Describe the cycle of the Great Depression?
What was the New Deal(1st and 2nd) and it's goals(3 R's)?
-1st focused on economic recovery(1933-34) it helped with big businesses and bank (trickle down theory)
-2nd on social justice(1935-36) helped people get jobs and and give them welfare and social security
3 R's- relief:: immediate action taken to stop the economy crashing
Recovery- temporary programs to restart the flow of consumer deman
Reform- programs to avoied another depression and insure citizens against economic diasters
Why did people criticize the New Deal? because it failed to end the Great Depression, there was too much government regulation and he removed the gold standard, many people disagreed with his social welfare programs
Townsend plan:: social security
Why was FDR upset with the US Supreme Court and what did he do to try to solve this issue?
-The Supreme Court thought many of the large organizations of the New Deal were unconstitutional
-FDR proposed adding six more judge to expand the Supreme Court
-All of the new judges would be in favor of the New Deal
it failed to end the Great Depression and there was too much government regulation
How did the New Deal help:
unemployed- Reconstruction Finance Construction (it was established to lend money to big business to make sure these institutions would remain in business especially for banks and railroads)
• In order to lend money the RFC borrowed money from Treasury Funds
CWA- built building, bridges, and playgrounds(manually labor) it end on march 31 1934.. it spent 200 million per month and created over 4 million jobs
WPA- (Works progress Adminstration) it was the biggest and most ambitious new deal project
farmers
What was the New Deal(1st and 2nd) and it's goals(3 R's)?
-1st focused on economic recovery(1933-34) it helped with big businesses and bank (trickle down theory)
-2nd on social justice(1935-36) helped people get jobs and and give them welfare and social security
3 R's- relief:: immediate action taken to stop the economy crashing
Recovery- temporary programs to restart the flow of consumer deman
Reform- programs to avoied another depression and insure citizens against economic diasters
Why did people criticize the New Deal? because it failed to end the Great Depression, there was too much government regulation and he removed the gold standard, many people disagreed with his social welfare programs
Townsend plan:: social security
Why was FDR upset with the US Supreme Court and what did he do to try to solve this issue?
-The Supreme Court thought many of the large organizations of the New Deal were unconstitutional
-FDR proposed adding six more judge to expand the Supreme Court
-All of the new judges would be in favor of the New Deal
it failed to end the Great Depression and there was too much government regulation
How did the New Deal help:
unemployed- Reconstruction Finance Construction (it was established to lend money to big business to make sure these institutions would remain in business especially for banks and railroads)
• In order to lend money the RFC borrowed money from Treasury Funds
CWA- built building, bridges, and playgrounds(manually labor) it end on march 31 1934.. it spent 200 million per month and created over 4 million jobs
WPA- (Works progress Adminstration) it was the biggest and most ambitious new deal project
farmers
FERA- Federal Emergency Relief ACt- it just set up welfare and gave out clothes and money. it was known as direct relief
PWA- Public Works Adminstration- built roads, schools, hospitals.. good example of priming the pump
TVA- Tennessee Valley Authority- americans began to support the idea of the government owning the utiliites.. it was created to provide navigation, flood contro, electricity development
TVA- Tennessee Valley Authority- americans began to support the idea of the government owning the utiliites.. it was created to provide navigation, flood contro, electricity development
-it was the first regional planning agency of the fedreal government
factory workers/labor
NRA (National Recovery Adminstation) bring indusrty, labor, and government together to make rules and set prices.. 40 hour work week and minimum wage, abolished child labor
National Labor Realtion Act- how employees can react to labor unions, enage in collective bargaining and participate in strikes. it encourages and promotes collective bargaining.. protects groups of employees.. and gives employees the rights to bargain with their employees
Fair Labor Standard Act- Established a national minimum wage and "time and a half"
young people- CCC(civilan Cooperation Conservation ) it gave jobs to guy man from 18-25 and it supplied possilbe 300 jobs.. the jobs were build bridges, drive trucks, firefighters, plant trees and shrubs
CCC- provided financial relief and many people were greatful for the CCC, in ended in 1942 because of WW2
WPA-built building, roads
NYA- was funded by the Emergency Relief Appropriation between 16 and 25( it offered course in reading, writing, and arithmetic)
banks/business..banking act of 1933. Prohibits commercial banks from engaging in investment business. started because of all the bank failures. It gave the fereal reserve more controil over national banks. created the FDIC. Helped the public believe in banks again, people in financial world did not like it. repealed, and is no longer still around.
RFC- banker became reluctant to borrowing money from the RFC and the requirement had the effect of lowering confidence in the institutions that gave out loans and gave emergency relief needs
RFC- it ended up being totally disabanded in 1957
EBRA( Emergency Banking Relief Act):: allows the president to take over non financially stable banks and direct the Federal Reserve to make unsercure loans, it allowed banks to stay open and banks would have shut down
CCC- provided financial relief and many people were greatful for the CCC, in ended in 1942 because of WW2
WPA-built building, roads
NYA- was funded by the Emergency Relief Appropriation between 16 and 25( it offered course in reading, writing, and arithmetic)
banks/business..banking act of 1933. Prohibits commercial banks from engaging in investment business. started because of all the bank failures. It gave the fereal reserve more controil over national banks. created the FDIC. Helped the public believe in banks again, people in financial world did not like it. repealed, and is no longer still around.
RFC- banker became reluctant to borrowing money from the RFC and the requirement had the effect of lowering confidence in the institutions that gave out loans and gave emergency relief needs
RFC- it ended up being totally disabanded in 1957
EBRA( Emergency Banking Relief Act):: allows the president to take over non financially stable banks and direct the Federal Reserve to make unsercure loans, it allowed banks to stay open and banks would have shut down
FDIC- impacts everyone who has a savings account
NRA (National Recovery Adminstation) bring indusrty, labor, and government together to make rules and set prices.. 40 hour work week and minimum wage, abolished child labor
Banking Act of 1935-gave the FDIC the authority to regulate and supervise state and non-member banks
home owners
elderly..Social Security Act-gives money to retired people,
Native Americans- indian Reorganization Act- also known as the Wheeler Howard Act it gave the rights to native americans to manange their own land and resources it replaced the Dawes Act.. indians have their own government
Stock Market- Federal Securities Act ( primary purpose was to ensure that buyers of securities recieve accuarte information
Key terms:
Hundred Days- his first hundred days in office and he dealt with congress best during the first 100 days.. made series of social, economic and job creating bills. 15 major passed in first 100 days.
fireside chats..series of radio broadcasts from Roosevelt, first one was in 1929 and easing the nerves of people
priming the pump- started the cycle going in the opposite direction.. to get the economy jumpstarted they had to spend a lot of money and get people jobs.. 3.3 billion of spending through the example:: Public Works Administration and Tennessee Valley Administration
deficit spending- is spending money you dont have.. the government did a lot of this and bascially gets you or the government into a bigger debt then they are already in.. Example:: Hoover Dam, in order to support relief programs we needed to spend more money
home owners
elderly..Social Security Act-gives money to retired people,
Native Americans- indian Reorganization Act- also known as the Wheeler Howard Act it gave the rights to native americans to manange their own land and resources it replaced the Dawes Act.. indians have their own government
Stock Market- Federal Securities Act ( primary purpose was to ensure that buyers of securities recieve accuarte information
Key terms:
Hundred Days- his first hundred days in office and he dealt with congress best during the first 100 days.. made series of social, economic and job creating bills. 15 major passed in first 100 days.
fireside chats..series of radio broadcasts from Roosevelt, first one was in 1929 and easing the nerves of people
priming the pump- started the cycle going in the opposite direction.. to get the economy jumpstarted they had to spend a lot of money and get people jobs.. 3.3 billion of spending through the example:: Public Works Administration and Tennessee Valley Administration
deficit spending- is spending money you dont have.. the government did a lot of this and bascially gets you or the government into a bigger debt then they are already in.. Example:: Hoover Dam, in order to support relief programs we needed to spend more money
The FD&C ( Food Drug, Cosmetics Act)- it gave the FDS the athority to oversee the safety of food, drugs and cosmetics
farming- Agricultural Adjustment Act of 1933- a federal law of the new deal era which restricted agricultural production by paying farmers subsides not to plant crops
Examples: reduce crop surplus, raised value of crops,
Agricultural Adjustmene Act of 1938- was an alternative and replacement for the farm subsidy policies.
Examples: make price support andatory for corn, cotton and wheat
Soil Conservation and Domestic Allotment Act of 1936- allowed goverment to pay farmers to decrease production so as to conserve soil
SEC- most businesses liked it\
FSA- Farm Security Adminstration- formed to help poor rural americans become more self suffcient
Farm loanns, Rural Rehabilitation, and homestead Programs
Farm Loan Purchases.. Land Equipment, seeed, livestock
Rural Rehabilitation- participated in Health Plans
Homestead Programs- government buyout of unproductive land
REA- nearly 90 percent of urban people had electricity by the 1930s but only 10 percent of rural people did.. private utility companies claimed it was too expensive to stretch electric lines to them
Home Owners Loans Corporation (HOLC)- was created to assist in the refinancing of homes and help people by buying up mortages from banks
USHA- unites states housing Authority- designed to lend money to the states of communities for low-cost construction.. it people who didnt have enough money to buy house
FHA- Federal Housing Adminstration- insured loans by banks for home building and home buying
Blog Dicussion:
Rihanna- Frances Perkins
Logan- FDR election campagin
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