What was the New Deal (1st and 2nd) and its goals (3 R's)?
1st new deal: 1933 attempt to save the capitalistic system help the banks
2nd new deal: 1935 dealt with the class conflict of society help the individual
Three R’s:
Relief-for the people
Recovery- recover from the depression
Reform- glass/segal act, social security mainly provided for unemployment, economic and bank systems.
Why did people criticize the New Deal?
Why FDR upset with the US Supreme Court was and what did he do to try to solvethis issue? Most of the Supreme Court was against FDR’s new deal then FDR was ableto add one new guy for everyone who is over 70 it was not passed tho
how did the New Deal help:
Unemployed:
The CCC helped unemployed people get back to work, they had to join a peace army, and men in the CCC received $30 per month, made 97,000 miles of road, planted 3billion trees. FERA- gavemoney out to the states who gave it to people who need money it also gave foodclothing and jobs to people.
PWA- passed June 19, 1933, built the Oregon capital building and a New York bridge, it did not work cause the building that were built because the house were to expensive for them.
WPA-helped to feed children, helped fund many things like art history and American culture, provided nearly 1 million students to find some kind of work. CWA-created in 1933, hired 4million people,
CWA took several millions relief recipients of welfare and gave them regular wages, it lasted 6 months b/c the workers were given high wages.
Farmers:
factory workers/labor-FLSC -increased minimumwage and improved working hours. 40 hors per week and 40 cents for minimumwage. Excluded women and African American from working. It made it so childrenunder the age of 14 could not work.
Young people-
Banks/business/stock market:
Glass-Segal act/allowed Federal Reserve to regulate interest rates. Tried to stop deflation, expanded the Federal Reserve ability to offer rediscounts on more types of assets.
Federal Security Act- passed1933 required investors to give full stock info stop fraud the sales of the public
Security Exchange Commission- created in 1934 it regulate the stock market
Glass-Segall Act established in1933, banking reformed and controlled speculations FDIC 600 banks failed between 1921-1929stilll around today
Emergency Banking Relief Act-closed down Insolvent banks helped bigger banks to so business. Made allowed the president to declare a national emergency and made banking illegal unless it hadPresident Roosevelt’s say so
Home owners:
elderly:
Native Americans:
IRA- could manage their own land in 1933, could self govern themselves, and
Reversed the Daws Act,
Consumer
Food drug and cosmetics act passed 1938 passed overseeing food drug and cosmetics.
Describe the culture of the 1930's.
Key terms:
Hundred Days- FDR’s first 100 days in office were he passed 15 major bills,
fireside chats- FDR went on the radio talking about keeping peoples trust inthe banks
priming the pump-gov’t action taken to stimulate the economy out of theresection
Deficit spending
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