Describe the cycle of the Great Depression?What was the New Deal(1st and 2nd) and it's goals(3 R's)?-1st focused on economic recovery(1933-34) it helped with big businesses and bank (trickle down theory)-2nd on social justice(1935-36) helped people get jobs and and give them welfare and social security3 R's- relief:: immediate action taken to stop the economy crashingRecovery- temporary programs to restart the flow of consumer demanReform- programs to avoied another depression and insure citizens against economic diastersWhy did people criticize the New Deal? because it failed to end the Great Depression, there was too much government regulation and he removed the gold standard, many people disagreed with his social welfare programsTownsend plan:: social securityWhy was FDR upset with the US Supreme Court and what did he do to try to solve this issue?-The Supreme Court thought many of the large organizations of the New Deal were unconstitutional-FDR proposed adding six more judge to expand the Supreme Court-All of the new judges would be in favor of the New Dealit failed to end the Great Depression and there was too much government regulationHow did the New Deal help:unemployed- Reconstruction Finance Construction (it was established to lend money to big business to make sure these institutions would remain in business especially for banks and railroads)• In order to lend money the RFC borrowed money from Treasury FundsCWA- built building, bridges, and playgrounds(manually labor) it end on march 31 1934.. it spent 200 million per month and created over 4 million jobsWPA- (Works progress Adminstration) it was the biggest and most ambitious new deal projectfarmersfactory workers/laboryoung people- CCC(civilan Cooperation Conservation ) it gave jobs to guy man from 18-25 and it supplied possilbe 300 jobs.. the jobs were build bridges, drive trucks, firefighters, plant trees and shrubsCCC- provided financial relief and many people were greatful for the CCC, in ended in 1942 because of WW2banks/business..banking act of 1933. Prohibits commercial banks from engaging in investment business. started because of all the bank failures. It gave the fereal reserve more controil over national banks. created the FDIC. Helped the public believe in banks again, people in financial world did not like it. repealed, and is no longer still around.RFC- banker became reluctant to borrowing money from the RFC and the requirement had the effect of lowering confidence in the institutions that gave out loans and gave emergency relief needsRFC- it ended up being totally disabanded in 1957home ownerselderly..Social Security Act-gives money to retired people,Native Americans- indian Reorganization Act- also known as the Wheeler Howard Act it gave the rights to native americans to manange their own land and resources it replaced the Dawes Act.. indians have their own government.Key terms:Hundred Days- his first hundred days in office and he dealt with congress best during the first 100 days.. made series of social, economic and job creating bills. 15 major passed in first 100 days.fireside chats..series of radio broadcasts from Roosevelt, first one was in 1929 and easing the nerves of peoplepriming the pump- started the cycle going in the opposite direction.. to get the economy jumpstarted they had to spend a lot of money and get people jobs.. 3.3 billion of spending through the example:: Public Works Administration and Tennessee Valley Administrationdeficit spending- is spending money you dont have.. the government did a lot of this and bascially gets you or the government into a bigger debt then they are already in.. Example:: Hoover Dam, in order to support relief programs we needed to spend more money
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