-Ian went first today. The Food Drug and Cosmetic Act was passed in 1938. It gave the government power to oversee the making of food, drugs, and cosmetics. Most of the Supreme Court was against his new plan. FDR added new people to the supreme court so they would side with his idea. He added a new justice for every man over 70 years old. It did not pass, people thought he was becoming too powerful and if he got his way on this he could do anything. He lost some support, people thought he was becoming a dictator.
-Whitney went next. Her two topics were Federal Securities Act and the Fireside Chat. The FSA was passed in 1933. The Act made it so investors could get full information on stocks. They wanted to stop fraud. It basicall regulated the stock market and make it safer for people to buy stock. The fireside chat was FDR's radio chats. His first one was on March 12, 1933.
-Brandon went next. The Act closed down all banks that were having troubles. This act let the president take controll of banks and let the Secretary of Treasury made it illegal for banks to give out loans without it going through the president.
The SEC
The Security Exchange Commision is what SEC stands for. It issued new laws for the banks.
Priming the Pump
Priming the pump was putting money in circulation, and it stimulated the economy.
What was the New Deal(1st and 2nd) and it's goals(3 R's)?
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 RFC, gave money to small businesses, state governments, and banks to give loans to places to give jobs. farmers
factory workers/labor- labor unions. The NLRB, prohibited unfair labor practices, long hours at work, unsafe envirnment, ect. The FLSA banned children from 14 and under from working in factories. Set wages her hour and set hours for a weekly worker.
young people
banks/business- FDIC put peoples faith back into banks and insured people money. The SEC watched over and regulated the stock market.
home owners
elderly
Native Americans Describe the culture of the 1930's. Key terms: Hundred Days fireside chats priming the pump deficit spending
Key terms:
Hundred Days- FDR's first hundred days of presidency. He passed fifteen major bills.
fireside chats- FDR's chats on the radio.
priming the pump-Stimulated the economy and put money into circulation.
deficit spending-
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