Ch. 15 Test Topics
Describe the cycle of the Great Depression?
What was the New Deal(1st and 2nd) and it's goals(3 R's)? The New Deal was groups and organizations that help the economy. The 1st worked at fixing the economy from top to bottom and was based on the trickle-down theory, which was where the government pours money into business. The 2nd was in effect from 1934-1936 and they tried to turn non-consumers to consumers again- in order to help the businesses and when businesses succeed so does the government. 3rs Recovery from breadlines to more food, Releif, and Reform the financial system banks and stock market.
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:
It worked at fixing the economy from top to bottom and was mostly based on the trickle-down theory, which was where the governtment pours money into business.
unemployed-
farmers- REA provided farmers electricity this caused them to buy. Government payed them a sum of money to not farm part of their land and kill off excessive livestock. Farmers security administration gave farmers loans.the average loan amount was 5,000 dollars. gave educational aid to 455,000 farm families. Tried to decrease production to raise production to raise price of crops and goods and helped poor farmers buy land.
factory workers/labor-NLRB federal corporation is governed by a General Counsel.
young people-
banks/business-
home owners- USHA: Us Homing Apartments
elderly-
Native Americans- Indian Reoraganization Act, allowed indians touse their cultures and traditions, give land back to the tribes.
Describe the culture of the 1930's.-
Key terms:
Hundred Days
fireside chats- people who chatted on the radio for better times and faith
priming the pump- pump from the well nothing would come up great depression relation
deficit spending
REA- was created under Roosevelt It was created to promote rural electrification Created for cheap electricity
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