And --- we're back. Did you enjoy your vacation?
Securities and Exchange Commission (SEC):
ebfirces federak securities laws and regulates securities industry. created in 1934 during the depression to regulate the stoack market. administered seven major laws for the securities industry. etc, etc.
New Deal Differences:
(1933-34/5) 1st new deal focused on larger groups, like banks and railroads - helped economy recover. (1936-38) the 2nd one helped out with socoial justice, helped out the individual.--social ecurities acts....welfare system....wagner act. also employed thousands and thousands of people to public services. social security act provided federal assistance to the elderly and unemployed, widowed, disabled, etc.
The Hundred Days:
president roosevelt's "hundred days" were the first hundred days of his presidency, after inaugeration. he did lots of things fast, right away, to improve the conditions of america's current issues, aka, the great depression. everyone liked him, so they did what he told them to. passed lots of legislatures and stuff. declared a national bank holdiy, told banks to close up shop so no one would do money stuff, so the government to inspect all the banks. if they bank didnt make the cut, they stayed closed. caused people to regain trust in the banks and puit their money back in. so basically, he was pretty awesome. and because of that, future presidents are now judged by what they do in their first hundred days.
Banking Act of 1935
made the Federal Reserve Board of Governors. made restrictions on banks tighter. enlarged the supervision powers of the Federal Deposit Insurance Corporatrion. also made the FDIC a permanant part of the government. was just part of the banking act in 1933.
Deficit Spending
= spending money you dont have. its a way to gain money back, actually. can easily be seen in government spending. but apparently obama is really good at it, so... anyways. purpose is to increase consumer spending. cons: need to be paid back later, takes money away from what might be important later. increse interest rates... Deficit spending is not something that should be used too often. Should not be permanent.
oh so many distractions. interesting, tho, i guess.
i might go tomorrow, way toward the end...last....so actually probably not til next week.
out of time. sorry heather.
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