Friday, we only got like 2 people done with their presentations.. I was right!!!! And now Bruns is assigning another blog for this week... I have Fashion in the 1930's.
Describe the cycle of the Great Depression?
What was the New Deal(1st and 2nd) and it's goals(3 R's)?
Set up many acts. Opened up banks that closed down to keep the money going. Cut costs of reorganization. Salaries of people were cut down for factories. Beer-Wine Revenue Act (March 22) Legalized. Opened up companies to make money. Keep businesses and banks going.
Second New Deal - NLRA - limits the means with which employers may react to workers in the private sector with created labor unions. - Social Security. - Sets up programs to set up Retail on price control. Bonus Bill - 1.5 million dollars to 3 million dollars to WW1 Veterans.
Difference between the 2 Deals - First Deal (33 - 35 helped with businesses and banks) is still set up today. and 2 Deal (35 - 38 set up for the people) one was only for the Great Depression.
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
The National Youth Administration was a new deal agency from 1935 to 1945. Headed by Aubrey Williams. She was close to Harry Hopkins and Eleanor Roosevelt. The head of the Texas Branch was at one time Linden Johnson. By 1938 NYA helped around 327 thousand high school kids and college kids. They were paid from 6 - 40 dollars a month to do work, study projects, at their school. Another 155 thousand kids were paid 10 to 25 dollars a month for part time work taht included job training. Unlike CCC - it included women. Youth usually lived at home. Worked a construction/repair projects. Their budget was around $58,000,000
annually.
farmers
factory workers/labor
young people
banks/business/stocks
- Federal Security Act aimed to help the Stock Market Crash.
- People would monitor the Market so Monopolies wouldn't happen and pooling would stop.
- States "to require that investors receive significant information regarding securities being offered for public sale, and to probhit deceit, misrepresenttaions, and other fraud in the sale of securities to the public.
(Act set up to prevent what Martha Stuart did)
FDIC of 1933 (pays you back your money if the bank shuts down) (protected your money) - Federal Deposit Isurance Corporation - United States government. Seperated investment and commercial banking activities. Dodd-Frank Wall Street Reform and Consumer Protection Act for unlimited insurance coverage of noninterest-bearing transaction accounts.
Fire Side Chats (people sat by their fires and listened to the radio) - series of 30 evening radio speeches given by Pres. Franklin D. Roosevelt between 1933 - 1944. Talked about taxes and banks failing. New deal for the American people. Barrack Obama will deliver an annual State of the World Address and will hold fireside chats on the Internet. 15 - 45 min. long. Relied on stories anecdotes and analogies to explain the complex issues of facing the country. He used very basic materials and language.
home owners
elderly
Native Americans
Describe the culture of the 1930's.
Key terms:
Hundred Days
fireside chats
priming the pump
deficit spending
FDR's Background - Born Jan 30 1882. Son of James and Sara Roosevelt. His father was 54 when he was born. His mother was his main influence growing up. Wealthy - borin into money. During trips to europe he became fluent in german and French. While there he learned how to shoot, row, play polo and lawn tennis. Really inspired by Theodore Roosevelt. He was homeschooled til he was 14. Went to Harvard he got his Bacholers Degree. He married his fifth cousin Eleanor Roosevelt. They had 6 kids. Attended Comlumbia University Law School. He was not yet 29 when he won a seat in New York Senate for the democrats. Supported Woodrow Wilsons campaign policy. In 1921 he got polio while on vacation. He spent rest of his life in a wheelchair because he was paralyzed from the waste down from polio.
The 3 R's -
Relief - Immediate reaction taken to halt the economires deteroriation.
Recovery - 'pump' 'priming' Temorary programs to restart the flow of consumer demand.
Reform - Permanent programs to avoid another depression and insure citizens against economic disasters.
- Relief - Parts of the Relief Act - Bank Holiday, Federal Relief Act, Civil Work Administration, Civilian Conservation Corps.
- Recovery - Acts of Associations that put 'recovery' together - Agriculture Adjustment Act, National Industrial Recovery Act, Home Owners Loan Corps, Works Progressive Administration, Tennessee Valley Authority.
- Reform - Reform of the economics(reform the banks and the stock market) Things that put the parts of reform together - Soil Consevation Act, National Labor Relations Act, and National Labor Relations Board, Social Security Administration, Federal Deposit Corp., Securities and Exchange Commission.
Emergency Banking Relief Act/ Bank Holiday.
- Federal Emergency Relief Act was passed in 1933 - was one of the first movements. - Harry Hopkins leader.
- Bank Holidays are known as bank panics - Closed all banks and they were permitted to reopen only after being deemed solvent by Government.. because of bank panics, FDR closed down the banks. government had to approve in order for a bank to reopen.
EBRA - Passed five days after taking office - March 1933.
Provided insurance to peoples money in the banks. Within a couple of weeks more than half of the money that people withdrew from the banks was put back into banks.
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