Ch. 15Describe the cycle of the Great Depression?What was the New Deal(1st and 2nd) and it's goals(3 R's)?---1st:Roosevelt's response to the depressionBrain trust was who came up with the new dealBank holiday- help recover---2nd:Promoted labor unionsWPA relief programsSocial security actsCCCHOLC---3 R'S:Reform- programs to avoid another depression and insure citizens against economic disastersRecovery - temporary programs to restart the flow of consumer demandRelief - immediate action taken to stop the economy crashingWhy did people criticize the New Deal?Failed to end the Great DepressionWhy 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 -RFC:--established in desire to lend money to banks, railroadss and other key economic insitutions to make sure these instiutions would remain in business.--The RFC would borrow money from Treasury funds to make money--Congress provided the agency with a starting amount of $500 million--Allowed to borrow up to 32 million dollars--Emergency Relief and Construction Act -power or loans--designed for helping banks but sometimes people would panicCWA:--established on November 8th, 1933--Created under FERA--Built buildings, bridges and playgrounds (manual labor work)--Ended on March 31st, 1934--12 million feet of swer pipe, 155,000 miles of raod, 50,000 schools, 3,700 playgrounds, 1,000 airports, 250,000 outhouses--Got paid average & not minimum--Spent $200 million per month, created over 4 million jobsWPA: Works Progress Administration--biggest and most ambitious New Deal project--farmersfactory workers/laboryoung peopleCCC:--public work relief program for unemployed men from relief families aging from 18-25--provided unskilled manual labor jobs related to the conservation and development of natural resources in rural lands owned by federal, state and local governments--possible 300 jobs supplied--structural improvements, transportation, erosion control, flood control, forest culture, forest protection--one of the most successful programs of the New Deal--provided financial relief--provided conservation projects-banks/business---Glass-Steagall Act / Banking Act of 1933prohibits commercial banks from engaging in the investment businessNot around anymorehome ownerselderly---SSApay taxes; and when retire get money backwas successfulnow it's having trouble finding moneyNative AmericansIndian Reorganization Act - secured the new rights of native americans by giving them rights to manage their land and resourcesDawes Act - authorized the President of the US to survey tribal land and divide it up for individualsIndians could have their own separate government and not need to have the same lawsTheir court is almost like ours but penalties were differentIndians were given their own land and could split it up with they wantedDescribe the culture of the 1930's.Key terms:Hundred Days -concept by Roosevelthe was very optiomisticcreated bills15 major bills passed in first hundred daysfireside chats - Roosevelt would have a little "news" via radio and people would listen to itpriming the pump - had to get our economy jump started; get our economy up & going again; spend moneydeficit spending - the amount by which a government, private company, or individual's spending exceeds income over a particular period of timemusic & movies -wizards of ozhorror movies were reborn in 1930's; gothic moviescountry music
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