Continuing presentations today.Assigned blog for the week is just to pick any topic from chapter 15 outside of the topic you did for your presentation.Kelsey: FDR background and indian reorganization act- married his 3rd cousin elenor roosevelt- was in office from March 4th 1933 - April 12 1945- was handicapt-IRA allowed indians to use there culture and traditions- replaced the dawes act- established in 1934-the leader was John Collier-it was doing more harm than good to the nativesFERA- was the main function was to create FERA- distributed more than 20 million dollars in direct aid to the unemployed- it would help the unemployed find new jobs- was the start of the wealfare systemMarea: PWA - Public works administration- gave more jobs- 7billion was spent on construction- maintaining putchasing powers- Improving public welfare- helped construct more than 34,000 projectsCWA - civil works administration- created millions of manual labor jobs for the unemployed- built 12 million feet of sewer pipes- built or made things better- paid a lot of money- was successful but cost a lot of moneyJulie: Emergency Banking Relief Act- banks reopen when financially ready- gave insurance to money people had in banks- first problem FDR faced- one of roosevelts first steps in the act- in 3 days 5,000 banks reopened- not around todayFSA: Federal Securities Act- passed may 27th 1933- made people feel safer about putting their money into stock market- regulations of security governed by state laws- the 2 goals was to insure more transparency in financial statements so investors can make innformed decisions about investments- was succsessful because it prevented people from selling bad stocks and saying they were good- stopped inflation of stock prices- still around today and changed to no false advertisingConner: Federal Deposit Insurance Corporation- from 1886 to 1933- adopted in 1933- chairman of the house committee was a big part in getting it started- the banks that failed right before 1933 were supposed to strengthen the banking system- is an independent agency that insures most of your money that is in a FDIC insured bank- if a bank failed the corporation would pay all the people that had no money in that bank upl to a certain amount- people were more confident putting their money in banks- first deposit insurance corporation to work out of around 150 since 1866-is still around and has made many changes since 1933 to make it better and easier to trust- now if a bank fails you can get up to 250,000 dollars back from the FDIC- the FDIC still has the same goal, to give people the confidence to keep their money in a bankNRA/NIRA- was established in 1933 by Roosevelt- enforced in 1933- was made to eliminate competition that would put businesses out of business- helped workers by setting minimum wages and maximum hours- NIRA was made to get industries to make a code of fair competition- purpose was to regulate industry and the monopolies and caartelsCh. 15 Test TopicsDescribe the cycle of the Great Depression?What was the New Deal(1st and 2nd) and it's goals(3 R's)?-1st new deal based off the trickle down theory-helped from banks to farms and many more in between-2nd new deal focused on restoring our economy from bottom to top-they tried to turn non-consumers to consumers again in order to help the businesses-1st new deal top to bottom 2nd bottom to top3R's- relief was the first step and we were trying to relieve the enemployed, poor, homeless, and all vulnerable people- recovery was the second step and we were attempting to recover our economy in order to get it back to normal- reform was the third step and we were trying to reform the financial system in order to prevent any oncoming depressionsWhy 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?-he tried to expand the size because he felt the "old guys" felt his laws were unconstitutional- Coughlin supported the new deal and soon turned against FDR- Townsend believed FDR was not doing enough to help the poor and elderly so he made a plan to benefit the elderly- Long was a supporter of the new deal and he also turned against FDR and eager to win president himselfHow did the New Deal help:unemployed - look up to FERAfarmers -factory workers/labor - NRA/NIRAyoung people -banks/business - look up to EBRA, FSA, FDIC,home owners -elderly -Native Americans -Describe the culture of the 1930's.- the two major music heros were woody guthrie and Huddie Ledbetter- there were a lot of musicals to give people something fun to do- a lot of pop singers and dancers- big bands consisted of 15 to 20 people- popular dances were the jitterbug and swing dancing more for the younger people to listen to- country music was called hillbilly music- because of the great depression people couldt afford to buy clothes so the stores went out of business- fashion icon of the 1930s was coco chanel, she loved cotton because it was cheap and durable- wore hats for day and evening- dresses were often cut on the bias- long halter top dresses- men wore hats for day and night, wore suits that made them look like a large shoulders, shoulderpads, matching top hats, overcoats- had a lot of sports like some we have today- about 3 million cars were sold- durring this year the star spangeled banner became our national anthomKey terms:Hundred Days - was the 100 days of the new deal and Roosevelts presidencyfireside chats - was roosevelt talking over the radio saying that banks would do betterpriming the pump - like a pump from a well but nothing would come outdeficit spending - government spending, more than collected in taxes, would "pull them under" farther
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