Today we continued presenting.
Ch. 15 Test Topics
Describe the cycle of the Great Depression?
What was the New Deal(1st and 2nd) and it's goals(3 R's)?
1st- 3R's, dealt with banking, railroads and farming, Brain Trust thought of it, there was a bank holiday to help the banks recover. 1933-1934, helped the banks and big businesses- trickle down theory.
2nd- Wagner Act- promoted labor unions, WPA relief program, SSA, fair labor unions. 1935-1936, helped the poor, get money and buy products- trickle up.
Differences- 1st economic recovery, get out of the depression.
2nd- social justice, stay out of the depression.
3R's- Relief- immediate action taken to stop the economy crashing, Rcovery- temporary programs to restart the flow of consumer demand, Reform- programs to avoid another depression and insure citezens against economic disasters.
Why did people criticize the New Deal?
Too much gov. regulations, FDR removed the gold standard, people disagreed with the social welfare programs.
Huey Long- thought New Deal was too generous to the corporate instrests.
Charles Coughlin- FDR failed to use additional radical reforms.
Francis Townsend- his plan was to open up postitions to younger workers so elders would retire, he thought FDR wasn't helping the poor or the elders.
Why 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.
It upsetted FDR because the New Deal might not be passed and it was his program to make the economy better.
How did the New Deal help:
Unemployed- RFC- created jobs. CCC- created jobs. CWA- Civil Works Administration-built buildings, bridges, playgrounds, created over 4 million jobs, ended on March 31, 1934.
WPA- Works Progress Administration- biggest and most ambitions New Deal project, started in 1935, built public buildings and roads, closed on June 30, 1943.
Farmers
Factory workers/labor
Young people-CCC- Civilian Conservation Corporation- A public work releif program for unemployed men who were 18-25 years old, provided unskilled manual labor jobs relatedt to the conservation and development of natural resources in rural lands owned by federal, state, and local gov., working on bridges, irrigation, truck trails, planting trees amd shrubs, fire fighting, public camp ground development, elimination of predatory animals, food stocking, surveys. Most successful program of New Deal, ended in July 1942. NYA- National Youth Administration- 1935, provided work training on citizenship and financial need for youth between ages 16-25, offered courses in reading writing and arithmetic, ended in 1943.
Banks/business- Glass-Steagall Act, RFC-Reconstrution Finance Corporation- lend money to banks, railroads, and other key economic institutions to make sure they would stay in business, borrowed money from treasury fund. Banks didn't want to take loans because they didn't want people thinking that they were going out of business. Ended in 1957. EBRA- Emergency Banking Relief Act- 1933, first act passed in the New Deal, allowed the president to take over non financially stable banks and direct the FR to make unsecure loans to them and reopen when he wants, allow banks to stay open and do buisness as normal, could loan money to costomers who normally would have been denied loans, it was succesful, temporary act.
Home owners
Elderly- SSA- Social Security Administration
Native Americans- IRA- Indian Reorganization Act-Wheeler-Howard Act- It secured the new rights of Native Americans by giving them the right ot manage their land and resources, helped them get a good economic foundation. Indians could have their own separate government and not need to have the same laws.
It replaced the Dawes Act- it authorized the president of the U.S. to sirvey tribal land and divide it up for individual indians.
Stock Market- The Federal Securities Act- ensure that buyers of securities recieve complete and accurate info before they invest, companies had to send out a prospectus- company tells thier plans fot the future and discuss their financial statemetns, still around.
Describe the culture of the 1930's.
Sports
Football, baseball, basketball, boxing were big sports.
Baseball- Negro league and Major league.
Soccer- first World Cup was held in Uruguay in 1934.
Olymipcs were in Germany in 1936. America had it's biggest team ever, Jesse Owens, African-American track runner, won and Hitler turned his back to him.
Fashion
Guys- business suit, old clothes, trenchcoats.
Girls-vintage hats with matching purses, fur, take money and bought clothes instead of food.
Movies
Wizard of Oz, many horror movies- Dracula, King Kong, Frankenstein.
Music
"hillbilly"- country, western swing, beginings of blue grass. Jitterbug and swing dancing. Over the Rainbow, Silent Night Holy Night, God Bless America.
Key terms:
Hundred Days- FDR's concept, 1st hundred days in office, called congress to special session for 3 months, made series of social, economic, and job-creating bills, 15 major bills passed in 100 days.
Fireside chats- series of radio broadcasts from Roosevelt, first one in 1929, people sent letter of what they wanted hinm to talk about.
Priming the pump-got more people jobs, they had to spend a lot of money, lead to more debt-3.3 billion through the public work administration.
Deficit spending- spending money you don't have, FDR wanted us to get out of the depression, to support relief programs we needed to spend more money.
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