What was the New Deal(1st and 2nd) and it's goals(3 R's)?
The First New Deal 1933-34. It didnt end the depression. tried to get more organized partnership between the government and corporations. wanted to restore the economy, starting with the banks. second new deal (1935-41). wanted to restore the economy. stressed social justice. wanted to help common people get jobs.
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-
civilian conservation corps(CCC)- provided relief, rehibilitation, and training for about 3 million men. it wasnt permenant and stopped funding in 1942 but some states still have it today. they would do jobs such as fighting forest fires, building parks, and planting trees. It was for men 18-25 yrs old.
Federal Emergency Relief Act- help homeless. gave welfare checks out to people and helped people buy food and clothes. gave 15 million people a place to work. ended in 1934. became too costly and was very controversial.
farmers-
Farm Security Administration(FSA)- founded in 1937 and was to help poor farmers that were affected by the dust bowls. the government would buy these small farms and fix them, in 1944 the Conservation Coalition took over control of the FSA and made it into a program that helped the farmers to buy back their land.
factory workers/labor-
young people-
banks/business-
FDIC- protected people's money in member banks if there was a bank failure.
Securities Act of 1933 and Securities Exchange Act of 1934 created SEC. made to restore confidence in markets and have clear rules for dealing,more reliable information. must tell the truth about their business like what they were selling and risks. brokers and dealers treat investors fairly. formed June 6, 1934. If someone purchases more than 5% of a business must report to the SEC.regulated the stock-market. made the stock market more secure, it is still around today.
home owners-Home Owners' Loan Act helped people avoid having their homes foreclosed in Depression. extended loan repayment period and divided single payments into smaller payments. established in 1933. granted long-term mortgage loans for 1 million homeowners. it judged the cities by the number of colored people that lived in that area.
elderly-
Native Americans-
Describe the culture of the 1930's.
Key terms:
Hundred Days-
fireside chats-
priming the pump-
deficit spending-
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