Monday through Friday- Going over forum posts, watching projects
Agency's that helped:
Banks
Bank Holiday
EBRA
FDIC
Banking Act 1935
Stocks
FSA
SEC
Energy
TVA
REA
Unemployed
CWA
PWA
WPA
FERA
Labor unions/ factory workers
NIRA/NRA
FLSA
NLRB
HOmeowners
HOLC
FHA
USHA
Young
CCC
NYA
Farmers
AAA- SCDAA
REA
TUA
FSA
Old people
SSA
Hovers Background & 1928 Election:
Born in West Branch, Iowa
Both his parents died before he was ten
Went to college at Stanford and got a degree in Geology
Mining engineer- first job
WWI- save 120,000 people from Europe from the envision by Germany to French
Helped Beljum get food
Did the meatless days wheat less days
Victory gardens- backyard gardens
Food will win the war was the slogan
Secretary of commerce
1928- Runs for republicans, against Al Smith democrat Catholic, last catholic was Roosevelt
Major prosperity with the republican so why go democrat
He was pro business
Supported prohibition and Al Smith did not.
Promise to improve conditions for farmers
Reform immigration laws
Maintain America's isolationist foreign policy
What did Hover do to help with the Great Depression:
Encouraged people to be patient
Federal Farm Board
Stabilize prices and to promote the sale of agricultural products
Helped farmers stabilized prices
Norris-La Guardia Act
Strengthened labor unions
It was believed that he did nothing, actually he did more than most previous presidents.
Dams projects did some positive things for and area. Eventually they would pay for themselves he said, so he didn't mind spending money on that
Gave Germany one year off of paying for France
and one year halt on war payments form gb and france
Mexican reptriation, mecian immagarnts were engouraged/forced to go back to mexico.
Revenue act- increased taxws so us gov had &&
Hawley- smoot tariff
Hight tarriff- buy american made goods, but makes the other countries do it back to us so it is more expensive for us, so foreign trade away form businesses.
Trickle down theory example: Reconstruction finance corporation- gave loans to banks, state and local gov, and business to create projects/ jobs for people
Gave states loans for emergency relief needs
started under hoover
not as successful as hoover had hoped
dissolved in 1946 after wwii
Construction projects creates tons of jobs.
Franklin D Roosevelt
Born in a very wealthy family
First was New York state senate
worked for the navy, a desk job- assistant secretary of the navy
he lost the election
everyone thought his life was pretty much over because he got polio and got in a wheelchair
governor next
then he became president against hoover
promised the world a new deal
voted in four times, served 3 full terms, moth or two after his four term he died
Impact of the Great Depression
Personal lives
Hoovervilles- nicknamed after hoover, because eh got a lot of the blame
covered themselves with hoover blankets
walked with their pockets out
poorly put together homes
like cardboard, plywood (shanty towns) built like crap
people lost their life savings and unemployment went up.
lot of people lost their homes
breadlines, soup kitchens- people would stand inline for hours for bread
segregated food lines
crime went up, they stole coal from the local tracks - didn't want young kids to freeze
hobos hopping freight trains
dropped out of high school, couldn't afford it so had to help work to provide for their families
they said it was very dangerous but kinda of fun and adventurous
living day by day common for many
selling apples was also very common
farmers were struggling also
suicide rate went up, less children cause it was costly to have kids
sports and entertainment became bigger and kept blossoming in the 30's
wizard of oz, gone with the wind
went to things to forget about their problems for a couple hours
a lot of men left their wives out of embarrassment or couldn't afford to take care of them
Unemployment & Young People
CCC- 100 days
ccc members worked 40 hours a week and were paid 30 dollars a month w requirement that 25 dollars of that would be sent to home to the family
members lived in camps, wore uniforms, and lived under military discipline
the us army operated the camps
the ccc was limited to young men age 18 to 25 whose fathers were on relief
saved 327000 high school and college youth, who were paid six to 40 dollars a month for work study, projects at their school
it allowed thousands of young people to stay in school
another 155000 boys and girls from relief families were paid ten to 25 dollars a month for part time work that included job training
unlike the ccc, it included young women
the youth normally lived at home and worked on construction or repair projects
FERA- main function was to create the federal emergency relief administration
distributed more than 20 mil dollars to direct aid to the unemployed
this in turn would help the unemployed to find new jobs
fear had three primary objectives
direct relief measures
provide work for employable people
provide many different types of relief programs
PWA- crated as many jobs as possible in many different varieties
CWA- same as pwa, construction projects paid workers very high wages and canceled after a year because it was too costly
spa built a lot of buildings, golden gate bridge, Paul Cervantes,
Farmers
AAA- restricted production during the new deal
paid farmers to farm less
it was to reduce crop surplus so prices would go up
the act crated a new agency, the aaa to carry out the law
oversaw a large scale destruction of existing crops and livestock in an attempt to reduce surpluses
six million pigs and 220000 sows were slaughtered in the aaa effort to raise prices
cotton farmers plowed under a quarter of their crop
due to the nature of the gd, many us citizens saw the aaa cruel
people in cities were starving, federal gov was destroying crops livestock in the county
farm prices more than double
declared unconstitutional by supreme court in 1936
Soil conservation and domestic allotment act
allows the gov to pay farmers to reduce production so as to the converse soil and prevent erosion
educated farmers on how to take care of their land and crops
took immediate action to contain the dust bowls effects by planting trees and native grass
three years after the act was adopted, soil erosion had dropped 65%
REA got electricity to the farmers- inexpensive
brought all their appliances
FSA - gave money to small farmers to purchase farms AAA gave money to farmers to buy equipment.
fsa- took people unemployed out east and set them up in coop farms and gave them a few things to get started and let them just begin farming, most eventually went back to the city
Elderly, poor and home owners
Home owners
HOLC
people could not continue to pay for their home
requiered a 50% down payment and had to be paid off within 5-7 years at an interest rate of 6-8%
buyers paid the entier interest charge at the ened of the payback period in the single ballon payment
often they had to take out a second mortgage at reates up to 18% just to cover this final payment
the holc was made up in 1933 to refinance homes to prevent foreclosure
it was usually used to extend loans from shorter expensive payments of the 15 years to the lower payments fo the 30 year loans
FHA- insured loans made by banks and other private lenders for home buildings and home buying
the goals of the organziation are to impove housing standards and conditions and to provide and adequate home financing system
fha beacme part of the HUD and is still around today
usha- designed to lend money to the stats or communitities for low cost home consturction
homes were desgined for low income and homeless people
the usha was absorbed by the national housng agancy
SSA- provide retrement disabiliy and survivors benefits
to qualify for these beefits
qualify for these benefits most american workers pay cocial security taxes on theri earnings
future benefits are absed on employess, contributuions
Comments
Monday through Friday- Going over forum posts, watching projects
Agency's that helped:
Hovers Background & 1928 Election:
What did Hover do to help with the Great Depression:
Franklin D Roosevelt
Impact of the Great Depression
Unemployment & Young People
Farmers
Elderly, poor and home owners