Ch. 15 Test TopicsDescribe 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)-2nd on social justice(1935-36)-Relief..immediate action taken to stop the economy crashing-Recovery..temporary prgrams to restart the flow of consumer demand-Reform..prgrams to avoid another depression and insure citizens against economic disastersWhy did people criticize the New Deal?-it failed to end the Great Depression-Too much government regulation-He removed the gold standardWhy 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 unconstitutionalHow did the New Deal help:unemployedfarmersfactory workers/laboryoung people..NYA..helped young kids get jobsbanks/business..Glass-Steagall Act-prohibits commercial banks from engaging in the investment business, EBRA-gave bank holiday, helped fund people that needed loans when banks were failinghome ownerselderly..Social Security Act-gives money to retired people,stock marketDescribe the culture of the 1930's.Key terms:Hundred Days..first 100 days in officefireside chats..series of radio broadcasts from Rooseveltpriming the pump..to get the economy jumpstarted they had to spend moneydeficit spending..spending money that you don't have
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