court packing issues:
attempt to make sure that his acts would not get declared unconstitutional
roosevelt saw a chance to confront the supreme court
was afraid that the supreme court would declare other acts unconstitutional like they did with the aaa
he feared that we would keep losing money
he said that for every justice over 70 years old he wanted to be able to add one new justice
would have taken supreme court from 9 to 15
which made sure that it would not be declared unconstituional
it did not happen though; ppl thought he was becoming a dictator
the difference between the first new deal and the second new deal:
1st:
1933
based on the 3 rs
relief, recovery, reform
consisted of many programs that would get america back on its feet after the great depression
FDR knew we needed help
2nd:
1934-1936
more of a second stage
called for different objectives then the first new deal
the first dealt more with bankers, railroads, business, and farmers
the second helped more people who needed money and made the economy safer
just had different focus
roosevelt:
named after his uncle
DID NOT WANT TO BE GERMAN
liked to golf
only handicaped president we've ever had
went to harvard
FDIC:
created by the glass-steagall act
federal deposit insurance corporation
insured people's bank accounts incase the bank closes down
up to 250,000
still around and it is used a lot
Describe the cycle of the Great Depression?
What was the New Deal(1st and 2nd) and it's goals(3 R's)?
relief, recovery, reform
plan to bring recovery to US
relief- unemployment and the poor
recovery- the economy
reform- fincial systems
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:
New Deal- FDR's program to get us out of the great depression
unemployed:
tennese valley authority:
made to develop the tennessee river system
for proper use of water resources
conservation and preservation of land resources of the region
*flood control
generate electricity to avert the waste of water power
the tenessee river valley was drained by the tennessee river
is 41,000 square miles
produced several dams
created electric power
distributed power to retail consumers
tennessee valley authority act- 1933
provided electricity to homes and businesses
tried to stop floods by building dams
replanted forests
still around today; largest public power company in the US
provide recreation
protected water quality
helped farmes and provided many jobs for people who were building dams
farmers:
soil conservation and domestic allotment act of 1936:
gov't paid farmers to reduce overproduction of crops
made to prevent soil erosion and conserve american soil
when you overproduce crops it causes them to lost value and damages the economy
the dust bowl was one of the reasons this act took place
decreased soil erosion by 65% in 3 years
factory workers/labor
young people
banks/business:
national recovery administration- june 16, 1933
controls industrial pricing, production, trade practices, and labor relations
make sure they didn't over produce
industries created codes of fair competition set minimum wages and maximum working hours
set floor prices- people who set limits on prices of goods and stuff
if you had a blue eagle sticker in your window you were doing your part in the codes of fair competition
Food Drug and Cosmetic act:
1938- gv't had athority to oversee food, drugs, and cosmetics by the FDA
inspired by an accident in which many people died bc of a solvent put in medicine
The banking act of 1935:
orginally created in 1933
FDIC was created during this act
the FDIC at first only insured 5,000
now it insures up to 250,000
home owners
elderly
Native Americans
Describe the culture of the 1930's.
Key terms:
Hundred Days- first 100 days of FDR being president
in those 100 days he passed 15 bills
ex:
emergency banking act
national industrial recovery act
civilian conservation corps
agricultural adjustment act
fireside chats:
roosevelt used the radio to communicate with people as if he were there with him
called this bc most ppl had a radio so they sat around it as if you were sitting around a fire
he wanted to gain support for the new deal
ppl spent hours listening to roosevelt
he liked talking to kids too
bad thing was that you couldn't ask questions and get immidiate answers
people enjoyed listening to what he had to say
first was on march 12, 1933
explained why the banks failed
priming the pump:
having to spend a lot of money to prime the economy
term used for the process of the gov't spending deficits during recessions to boost the economy up to a better state
hoover was the fist to use this but FDR made it popular
the term came from priming old fashioned pumps to fix them
the gov't kept taking things into their own hands until everything was made better
is still used today when the economy goes into a recession
deficit spending
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