Today we continued the New Deal presentations.
The SEC- Securities Exchange Commission that protects investors and maintains fair, orderly and well established markets. The great crash of 1929 the stock market had very little support and federal regulation. A reform was in great need for the U.S. They analyze federal securities laws and make new rules. This is broken down into 5 different divisions.
Rural Electrification Industry- brings electricity to rural area and farmer had a hard time getting electricity. The TVA reached out to help many people living along the rivers. In the '50s almost all of the farmers were supplied with the R.E.A or others and it helped the growth of the suburbs.
Critics and Failings of the New Deal- Huey Long was an early supporter of Roosevelt but turned against him because the New Deal was to obligated to business. Long survived an impeachment attempt his first year. Long became the Senator in Washington D.C. in 1930. Long then spoke of a Share our Wealth plan. He didnt think the New Deal was doing enough to help people. Charles Coughlin was an early supporter of Roosevelt also and was very religious. He spoke over the radio that Roosevelt was a liar and a double crosser who drove citizens out of their homes. Francis Townsend was involved in politics. He got over 20 million people to sign the petition for the Old Age pension plan. He joined Coughlin, Long, and others to form the National Union of Social Justice and attempted to decrease Roosevelts chance of running a second term, but failed. Unemployment didnt drop as fast as people thought that it would. State powers became weaker.
FSA and CCC- it was the most popular New Deal programs and on April 5, 1933 FDR issud Executive order 6101. There were 10 classifications of the CCC. This was not permanent and was disbanded in 1942. FSA originated as an assortment of projects in 1935. FSAs goal was to encourage farmers to farm less and to raise crop prices. This taught women to cook and raise the children. This established a health insurance organization. This was believed that to modernize the rural areas, tenant farmers must be relocated to better opportunities in the city.
Comments