Hoover’s Measures:Reconstruction Finance Corporation(RFC)- It gave $2 billion to help the state and local governments. it made loans to banks, railroads, mortgage associations and other businesses. Loans were repaid. They were to hire people with this money that they got. it was established January 22, 1932. It helped get some banks get back on their feet after the crash. It expanded munitions factories before WW11 giving them $1.8 billion. The RFC was merged to the department of treasury in 1953. it was totally disbanded in 1957. It was successful but was disbanded because we didn't need it anymore. Bank of united states Benefited from the RFCEmployment Projects:Civilian Conservation Corporation(CCC)- it was a public work relief program for unemployed men ages 18-25. Established March 21, 1933. CCC volunteers planted 3 billion trees to help reforest america. Constructed 800 parks nation wide. Successful but disbanded in 1942. 47 young men died while working for the CCC it was disbanded because of the war. The military ran the CCC. they were paid $30 a month and $25 went back home.Federal Emergency Relief Act/Administration(FERA)- established in 1932. loans to states for relief programs. helped unemployed households and created new unskilled jobs. self-esteem, male breadwinner role. 20 million people were helped. Ended in 1935 two federal agencies took it over the works progress administration and the social security administration.Public Works Administration(PWA)- started in 1933. started by the national industrial recovery act. Response to the great depression. Helped make dams, bridges, warships, hospitals, ect. helped give jobs. the government spent $6 billion on this to help the people. Employment, purchasing power, revive economy.Civil Works Administration(CWA)- Established in 1933 to create jobs for millions of the unemployed. The CWA created construction jobs, mainly improving or constructing buildings and bridges. in just one yr, the CWA cost the government over $800,000,000. successful but had to close because it cost to much. They had hired 4 million people.Works Progress Administration(WPA)- Established in 1935. Largest and most comprehensive new deal agency. The WPA was a "make work" program that provided jobs and income to the unemployed during the great depression. WPA projects primarily employed unskilled workers in construction projects across the nation. The WPA built so much. It also helped pay for people for concerts and other arts. Help the bottom up. The federal project number one gave jobs to people who were artistic and qualified. FAP federal art project. federal music project FMP. federal theater project FTP. The WPA did many things for all people.National Youth Administration(NYA)- MineBusiness/Bank Assistance and Reform:Emergency Banking Relief Act(Bank Holiday)(EBRA)- MineFederal Securities Act(FSA)- created in 1933. Regulates offer and sale of securities. Tries to stop inside trading. Can take company to court if they lie about money they were making and people who invested in them lost money. Regulates a company's sale of securities. Requires that all sales of securities be registered with the gov't. Was not successful. Made the stock market a safer place overall.Federal Deposit Insurance Corporation(FDIC)- created 1933. It guaranteed $250,000 if the banks failed. Insured your deposit. Gave people money back failed. When a bank or a thrift institution(place that loans money) fails the FDIC immediately responds by selling. It was successful and was improved in 1991.National Recovery Administration(NRA)- Established in 1933. an administration to get rid of competition by bringing industry, labor, and government together to create fair practices and set prices. specific codes with the nation's major industries. Maintaining employees and production. 1935- up 22% from two years before. suffered from criticism because people thought that the government should stay out of businesses. ended in May 1935.National Industrial Recovery Act(NIRA)- an act intending to let the president of the united states regulate industry and allow monopolies in an attempt to bring on an economic recovery. Created the NRA. about 5,000 businesses practices were prohibited. supported an alliance among industries. many union violence, strikes. had many problems. May 1935 u.s. supreme court declared it unsconstitutionalSecurities and Exchange Commission(SEC)- began in 1934. responsible for enforcing federal financial laws. regulates the stock industry and electronic security markets in the u.s regulates trading of stocks and bonds. successful but there were flaws.Banking Act of 1935-Food, Drug and Cosmetic Act(FDC)-Farm Relief and Rural Development:Agricultural Adjustment Act(1st and 2nd)(AAA)- act 1 pays people to produce less products like corn, peanuts, milk, rice, wheat, tobacco, cotton. in 1937 ruled it unconstitutional. act 2 in 1938 is still today it rewrote the first act and is still around today. New technology. established the federal crop insurance corporation. designed to help farmers to get more money for their crops by paying them to produce less.Soil Conservation and Domestic Allotment Act;- cut crop and livestock amounts but was made to conserve soils. plowed land different in an attempt to correct the use of land. Educate farmers to on how to plow their fields and better treat their fields and soil. Took immediate action. took 3yrs to stop soil erosion and it dropped 65%.Tennessee Valley Authority(TVA)-Rural Electrification Administration(REA)-Farm Security Administration(FSA)-Housing:Home Owners’s Loan Corporation(HOLC)-Federal Housing Administration(FHA)-United States Housing Authority(USHA)-Labor Relations:National Labor Relations Act/Board(Wagner Act)(NLRB)-Fair Labor Standards Act(FLSA)-Retirement:Social Security Administration(Glass-Steagall Act)(SSA)-Native Americans:Indian Reorganization Act(IRA)Other Topics:FDR's Background-parapolygic because of polo only physically handicapped presidentborn January 30,182married his 5th cousin Eleanor Roosevelt. they had 6 childrenboth democratshome schooled and attended Harvardmember of the new York state senate for 2yrswas assistant of the navy proposed by Woodrow Wilson for 7 yrshe was also the 44th governer of new York for 3 yrs32 president of the u.s. in 1933. president for 12 yrs.created the first new deal.in 1921 FDR had polio and lost full use of legs.He had a better personality from then ondied April 12, 1945 at age 63 in warm springs, GeorgiaThe Three R’s-Relief: The new deal wanted to help people and relieve them.Reform: The banks, businesses, and stocks had to be reformed and everything was safe.Recovery: Recover from the great DepressionThe difference between the First New Deal and Second New Deal-First New Deal: give people confidence in their banks. Help bank and business failures. First new deal was to help banks and hire people. Top Downsecond New Deal: relied more on helping the deficit then the first new deal. Started social security. Aid and help the low class people. Bottom Up.Fireside chats- Radio broadcast by FDR. Provide news and other information. Made people feel safe and that he was talking to them.The Hundred Days- The first 100 days of FDR presidency he planned help many things to help the economy. Unofficially the president is graded on their presidency after there first 100 days.Deficit spending- Spending more money then you make. FDR believed he needed to spend more then what was coming in to get the economy out of slump“priming the pump”- FDR had to spend a lot of money to get the economy going again. It helped but some didn't do as good as job as thought. As soon as the government stop spending money the unemployment went back up.FDR vs the US Supreme Court- the supreme court was declaring some of the new deals unconstitutional and this angered FDR. He declared that the supreme court was old and could add one more person who was the age of 70yrs. Which would have been six more. Of course FDR loaded it with his people. The public was split because the supreme court was with the constitution and Roosevelt personal involvement. On March 9 in his fireside chat he stated that the nation had reached a point where it needed to save the constitution from the supreme court. The supreme packing court did not pass.Critics and failings of the New Deal- Huey long thought that the new deal was too generous to corporate interests. Charles Coughlin considered Roosevelt a dictator and called new deal communist. Roosevelt was probably in the middle and saved democracy and capitalism. Too slow and cautious to provide fiscal stimulus. Too much public power in private hands. New deal policies proportionality benefited white men. Frances Townsin didn't believe that FDR didn't help the elderly enough and eventually social security was made for the elderlyCulture of the 1930’s-Music-Movies-Fashion-Sports-Fads/Other-
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