Today our group finished presenting the 3rd question. Blog assignment due this weekend.
Question #4-What long impact did the Great Depression have on the US and world?
- Banking methods became strict-enforced by the newly forms Securities and Exchange Commission (enforces security laws to keep markets secure) and the Federal Deposit Insurance Corporation (protects your money in the bank)
- crime rates rose
- Mass migration
- Congress passing the social security act
- Hard to get education
- sports
- movies
Break down into short term and long term
- relief programs
- Tariffs-smoot hawley-taxed imported goods into the US
Long term
- Securities and Exchange Commission (SEC)-makes stock market safer
- National Labor Relations Board
- Tennessee Valley Authority-provided navigation, flood control, electrical generation, fertilizer manufacturing. Provided things for the Tennessee valley area - sped up economic growth. Impacted one area but everyone was taxed=very controversial.
- Social Security Administration
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