What was the New Deal(1st and 2nd) and it's goals(3 R's)?
The First New Deal 1933-34. It didnt end the depression. tried to get more organized partnership between the government and corporations. wanted to restore the economy, starting with the banks. second new deal (1935-41). wanted to restore the economy. stressed social justice. wanted to help common people get jobs.
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-
civilian conservation corps(CCC)- provided relief, rehibilitation, and training for about 3 million men. it wasnt permenant and stopped funding in 1942 but some states still have it today. they would do jobs such as fighting forest fires, building parks, and planting trees. It was for men 18-25 yrs old.
Federal Emergency Relief Act- help homeless. gave welfare checks out to people and helped people buy food and clothes. gave 15 million people a place to work. ended in 1934. became too costly and was very controversial.
farmers-
Farm Security Administration(FSA)- founded in 1937 and was to help poor farmers that were affected by the dust bowls. the government would buy these small farms and fix them, in 1944 the Conservation Coalition took over control of the FSA and made it into a program that helped the farmers to buy back their land. mostly known for pictures it tokk, such as the Migrant Mother by Dorthea Lange.
Rural Electrification Administration was a loan program for rural electrification and telephone service. primary goal was to promote rural electrification. Provided farms with inexpensive electric lighting and power. Pushed private businesses to extend services to countryside. also pushed to lower the rates that rural areas would have to pay for electricity.
factory workers/labor-
young people-
banks/business-
FDIC- protected people's money in member banks if there was a bank failure.
Securities Act of 1933 and Securities Exchange Act of 1934 created SEC. made to restore confidence in markets and have clear rules for dealing,more reliable information. must tell the truth about their business like what they were selling and risks. brokers and dealers treat investors fairly. formed June 6, 1934. If someone purchases more than 5% of a business must report to the SEC. regulated the stock-market. made the stock market more secure, and is still around today.
Emergency Bank Relief Act was also known as the bank holiday. act closed down banks and 5,000 banks were passed. regulated the Secretary of the Treasury and allowed president to declare a national emergency. changed ways that banks worked during emergencies such as Stock Market Crash. would close down banks and assure people that if bank was re-opened their money was safe. act was made to help with the effects of Great Depression for banks.
Federal Security Act meant to require investors to receive lots of info on stocks that are out for public sale. also prohibited fraud and misrepresentations. act also made the issuers of stocks to show information about the terms of the stocks. also wanted to prevent anybody that had inside informatin from messing with stock prices.
Reconstruction Finance Corporation gave 2 billion dollars to help aid state and local governments and banks. Helped with economic troubles of Great Depression. mainly helped by loaning money out to people and businesses. first gave money to the businesses that needed help the most so that they could continue to operate.
home owners-Home Owners' Loan Act helped people avoid having their homes foreclosed in Depression. extended loan repayment period and divided single payments into smaller payments. established in 1933. granted long-term mortgage loans for 1 million homeowners. it judged the cities by the number of colored people that lived in that area.
Federal Housing Administration- would help people pay loans for bigger payments. help people pay back loans so they could get loans for houses from bankers.
elderly-Social Security Administration was passed and helped elderly, disable, and retired people. Social Security card was what insured that people were U.S. citizens. Roosevelt was first president to help the elderly. Women that worked in the house were considered unemployed so that they would get unemployment checks. also provided benefits to the retired and unemployed.
Native Americans- Indian Reorganization Act allowed Native American lands to now belong to entire tribe. Native American children were able to go to school on reservations. tribes could also elect a tribal council that would govern the reservations.
Describe the culture of the 1930's.
Key terms:
Hundred Days-
fireside chats-
priming the pump-
deficit spending-
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