assigned blog:
fads in the 1930s
roosevelt:
named after his uncle
DID NOT WANT TO BE GERMAN
liked to golf
only handicaped president we've ever had
went to harvard
FDIC:
created by the glass-steagall act
federal deposit insurance corporation
insured people's bank accounts incase the bank closes down
up to 250,000
still around and it is used a lot
Describe the cycle of the Great Depression?
What was the New Deal(1st and 2nd) and it's goals(3 R's)?
relief, recovery, reform
plan to bring recovery to US
relief- unemployment and the poor
recovery- the economy
reform- fincial systems
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:
New Deal- FDR's program to get us out of the great depression
unemployed
farmers
factory workers/labor
young people
banks/business:
national recovery administration- june 16, 1933
controls industrial pricing, production, trade practices, and labor relations
make sure they didn't over produce
industries created codes of fair competition set minimum wages and maximum working hours
set floor prices- people who set limits on prices of goods and stuff
if you had a blue eagle sticker in your window you were doing your part in the codes of fair competition
Food Drug and Cosmetic act:
1938- gv't had athority to oversee food, drugs, and cosmetics by the FDA
inspired by an accident in which many people died bc of a solvent put in medicine
The banking act of 1935:
orginally created in 1933
FDIC was created during this act
the FDIC at first only insured 5,000
now it insures up to 250,000
home owners
elderly
Native Americans
Describe the culture of the 1930's.
Key terms:
Hundred Days- first 100 days of FDR being president
in those 100 days he passed 15 bills
ex:
emergency banking act
national industrial recovery act
civilian conservation corps
agricultural adjustment act
fireside chats:
roosevelt used the radio to communicate with people as if he were there with him
called this bc most ppl had a radio so they sat around it as if you were sitting around a fire
he wanted to gain support for the new deal
ppl spent hours listening to roosevelt
he liked talking to kids too
bad thing was that you couldn't ask questions and get immidiate answers
people enjoyed listening to what he had to say
first was on march 12, 1933
explained why the banks failed
priming the pump
deficit spending
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