Posted by 3AustinE on February 16, 2010 at 11:41am
This week is a short week. We are attempting to finish the presentations by Monday. No blog this week. We continued to have all sorts of technical issues with things not opening.Test QuestionsWhat was the New Deal (1st and 2nd) and its goals (3 R's)?The three R’s were Relief (to halt the deteriorating markets and help the people), Recovery (temporary programs to start helping and to recover from the depression), Reform (permanent programs to help the economy).Why did people criticize the New Deal?-Charles Edward Caughlin was a Catholic Priest; he was against Jewish leaders and Roosevelt. He believed that Roosevelt wasn’t doing enough to help workers.-Huey Long fought for the poor because he grew up in the middle class. He started the “share our wealth” program to take from the rich and give to the poor. FDR was making the poor people work and he thought that they should just take the rich people’s money.Why was FDR upset with the US Supreme Court was and what did he do to try to solve this issue?FDR was unhappy with the courts decisions that dealt with the New Deal so he went out to try to put judges in the Supreme Court to get these pasts. If there is a justice over 60 he would be able to add a new justice. People thought that he was trying to throw the checks and balance system and it was never past.How did the New Deal help:unemployed-PWA help to create new jobs in the construction industry. Civil Works administration also did this. RFC loans helped to make more jobs. USHA gave jobs for unemployed to build homes. NYA gave young people jobs. WPA gave jobs to people to “build” more jobs.Farmers- RFC loans helped to make more jobs. Soil conservation and domestic allotment act paid them to plant less and build terraces. AAA paid them to plant fewer crops.Factory workers/labor-NLRA set up minimum wages. NIRA helped people to go buy goods only from stores that treat workers fairly.Young people- NYA gave them jobs. CCC helped to give them life skills and simple jobs.Banks/business/stock market-RFC gave loans to banks to help keep banks running by using the Trickledown Theory. FSA began regulating the stock market. EBRA shut them down so that they would stay in business when they reopened. The banking act of 1933 created the FDIC. The Banking Act of 1935 strengthened banks.Home owners- USHA gave jobs for unemployed to build homes.Elderly- the Social Security Administration helped for retirement.Native Americans-IRA got rid of the Dawes Act by giving them reservations to live on and have their schools and government.Consumers- Food, drug and cosmetics act made them safer for consumers.Describe the culture of the 1930's.Music- it was a great time for music. Country was very popular with Woody Guthrie and Huddie Leadbelly. Swing was extremely popular along with combo jazz and big band jazz that were played for listening and for parties.Key terms:Hundred Days- It is what happens for one hundred days after a president is elected. It shows what they plan to do and actually get accomplished.Fireside chats- informal monthly announcements that FDR gave through the radio to bring some good news to the people and so they knew where to go.Priming the pump- It is putting money in the economy to stimulate buying to get it going again. It is basically the same as Obama’s bailout.Deficit spending- When more money is spent then the government receives in revenue. The government spends more money than it has and they can’t keep up with it. We are currently 11 Trillion in debt.҉Public Works Administration- It built construction projects to help the poor and unemployed which helped a lot of people and it is still around today.҉FDR was a democrat. He spent most of his young life by Hyde Park, he was homeschooled and he was hyperactive. He went to Harvard and was the editor of their paper. He married Eleanor Roosevelt his fifth cousin.҉Civil Works Administration- created jobs in construction for unemployed. It was way over budgeted and it shut down 5 months later.҉Social Security Act is a tax taken out of your income. Started on 1936 and covers people who are old or disabled and helps for retirement. It’s still around today.҉Reconstruction Finance Corporation helped banks and businesses by giving loans to them. They gave 2 billion in aid to the state and local governments.҉United States Housing Authority helped build houses for low income families. It gave 600,000 jobs to poor people to build houses for people who couldn’t afford homes.҉National Youth Administration helped unemployed and young people. It gave young people money to stay in school and to get jobs for high school students. It allowed them to work to help their family and still stay in school. It ended in 1935.҉The National Labor Relations Act, Wagner Act, established a minimum wage and determined if workers were being treated fairly. Set training procedures for work areas and went anti lassez fair. People liked it but later on they didn’t like it so much but it does function today. It didn’t cover the workers that were covered under different acts.҉The Civilian Conservation Corps get young people job and life skills that they needed such as how to run some equipment and other things. However it didn’t survive but people did like it. 18-25 year old men were the only ones accepted. The men made 30 dollars a month and kept 5 but they got room, clothing, and food.҉IRA was set up to help Indians to find better homes by giving up land and moved them onto reservations. Replaced the Dawes Act by assigning them land and many denied it because they were tired of people telling them what to do and how to live, Americanize them. They would be able to set up their own governments. Sometimes they would be stuck with their enemies and they wouldn’t live peacefully.҉WPA gave Harry Hopkins, the head, 4.8 billion dollars to get jobs for the unemployed. They were given jobs to build infrastructure which also created more jobs. It ended with the beginning of the war.҉Federal Securities Act it was the first federal law to regulate the sales of stocks. The Stock Market was previously unregulated and earlier practices like pooling were outlawed.҉Federal Deposit Insurance Corporation was supposed to provide 100,000 dollars insurance per account in a bank so you don’t lose your money if the bank fails.҉Emergency Banking Relief Act (Bank Holiday) was started by congress as part of the new deal. It closed down all of the penniless banks and reorganized them so they could survive. This would keep the people from losing their money. FRB gave out money to keep them going and people stood in line to put their stashes in the banks.҉Banking Act of 1933 it established the FDIC and introduced Banking Reforms which were designed to control speculation and tried to stop deflation. It allowed Federal Reserve to regulate interest rates.҉Soil Conservation and Domestic Allotment Act was passed in 1935 to control soil erosion and overproduction of crops. The secretary of Ag had to study and help prevent soil erosion. It promoted terracing and crop rotations. It paid farmers to make less crops that were being overproduced.҉Agricultural Adjustment Act was started on May 12, 1933. Farmers would be paid to cut crop production. Made it mandatory to pay farmers for corn, cotton, and wheat and set aside surplus for times of fewer yields. They increased production for the war.҉Food, Drug and Cosmetics Act was established in i1938 to protect consumers from toxins in these products. Made sure that the products were labeled properly and had all of the ingredients listed. Businesses had to get their ingredients approved by the government.҉Banking Act of 1935 strengthened the power of the Federal Reserve Board. Put restrictions on what banks could do. It added power to the FDIC.҉The National Industrial Recovery Act was designed to regulate monopolies to stimulate the economy. The Blue Eagle was set up to show that they were following the minimum wages and people would go to them more often. It promoted treating workers fairly.
Comments