Describe the cycle of the Great Depression?
The cycle is people stop buying because their in debt or already have everything so companies lose money, companies then have to fire people, then there are more people out there with no money, so less and less people buy things.
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What was the New Deal(1st and 2nd) and it's goals(3 R's)?
The major difference between the first new deal(first one helped businesses, top down, helped wealthy people first and went down.) the second new deal(went from bottom up, helped the poor people). The three R’s, relief(for the people), reform(for the banks), recovery(from the Depression).
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Why did people criticize the New Deal?
Francis Townsend thought the plan should do more for the old people, some people also thought that they weren’t doing enough for the poor, Huey Long wanted to take from the rich and give to the poor, ‘share the wealth.’ The other side was that people thought he was doing too much and thought we was being a communist. They thought he was making people lazy because he was giving them money, so they thought they would never have to work again.
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Why was FDR upset with the US Supreme Court and what did he do to try to solve this issue?
The Supreme Court thought his plan was unconstitutional. Court Packing, FDR, a democrat, tried to stack the court with democrats so they would always decide with him on things. He wanted to add one new justice for every one over 70 years old. This did not pass, some people thought he was being too dictatorship like. He thought the people on the court were too old and old-fashioned.
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How did the New Deal help:
unemployed-The RFC, gave money to small businesses, state governments, and banks to give loans to places to give jobs. PWA created as many jobs as possible, as many different kinds of jobs. WPA made mainly construction projects for people.
farmers- The AAA paid farmers to reduce farm areas around 30%. They farmers did reduce their crops and their prices rose so they were doing better financially. AAA was seen unconstitutional because they only taxed food producers to pay for farmers. FSA granted small farmers and tenant farmers money to purchase farms.
factory workers/labor- labor unions. The NLRB, prohibited unfair labor practices, long hours at work, unsafe environment, ect. The FLSA banned children from 14 and under from working in factories. Set wages her hour and set hours for a weekly worker.
young people-The CCC gave jobs to young men ages 18 to 25 whose fathers were on reliefe. They worked 40 hours a week, $30 dollars a month, with $25 going back home. The CCC planted trees, fought forest fires, and stopped soil erosion. The NYA allowed thousands of people to stay in school. Youth got payed money to do study projects.
banks/stock market-The SEC organized and regulated the stock market therefore making the market more secure.
home owners- The Home Owners Loan Corporation (HOLC) established to refinance homes, people back then had to pay off houses within 5 to seven years with a fifty % down payment. Now its aroung ten to 13 years.
elderly-Socail Security Administration provides retirment, disability, and survivors benefits. Everyone pays SS tax.
Native Americans-
Describe the culture of the 1930's.
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