blog assignment- fads in the 1930s
FDRs background- went to europe a lot, fluent in german and french, learned many sports, loved golf, paralyzed from polio waist down, cousin was teddy roosevelt, home schooled until 14, went to harvard, engaged to eleanor, has 6 kids, columbis univarsity law school, became lawyer, New York Senate, assistant secretary for the Navy
(unemployed & young people) NYA-'35-'45, new deal agancy, part of works progress administration, headed by Aubrey Williams, high school and college kids, were paid 6-40 to do work study projects, others paid 10-25 for part time work including job training, included women, usually lived at home and worked construction/repairs
The three Rs- New Deal came up with 3 points 1.relief immediate action taken to stop economies deterioration, bank holiday to stop panic, emergency bank act closed insolvent banks opened solvent ones, fedeal emergency relief act immediate help in form of cash; 2.recovery pump priming restart flow of consumer demand, agriculture adjustment act taxed food processors and gave money to famrers, national industry act, homeowners loan corp gave loans to home owners so they could pay mortgages, works administration act provided long term govt jobs, tva buld dams in tennessee valley; 3.reform permanent programs to avoid another depression, soil conservastion act proper soil maintanance avoiding dust bowl, national labor relations act fair usiness practices uphed, social security ensured old people would always have money, feral deposit insurance corporation insure money in bank, securities and exchange commission monitor stock market to eensure no fraud or insider trading
Emergency Banking Relief Act/ Bank Holiday- FERA fund 500 million to help those in need, 1935 3 billion distributed, most to home relief bureas and welfare; bank holiday comes as result of bank panic, 1933 declared by FDR, many people came and tried to withdraw money, closed banks down, opened only if govt said they were stable; EBRA-set up bank holiday, insured ppeople money, put trust back in banks
Describe the cycle of the Great Depression?
What was the New Deal(1st and 2nd) and it's goals(3 R's)?
Why 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?
How did the New Deal help:
unemployed- NYA
farmers
factory workers/labor
young people
banks/business
home owners
elderly
Native Americans
Describe the culture of the 1930's.
Key terms:
Hundred Days
fireside chats
priming the pump
deficit spending
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