Ch. 15 Test TopicsDescribe the cycle of the Great Depression?What was the New Deal(1st and 2nd) and it's goals(3 R's)?-Roosevelts plan to help us out of the Depression-Relief-Reform-Recovery-Dealt with banking,railroads,and farming-The Brain Trust came up with new deal-Advisors to Roosevelt-bank holiday to help them recover-Acts:Wagner Act-WPA-Social Security Act-1st focused on getting out of depression and economic recovery-helped big business and banks-top down-2nd-bottom up-help individual people more-people buy products to help businessesWhy did people criticize the New Deal?-Failed to end the Great Depression-Deficet spending increased-too much gov. regulation-Why was FDR upset with the US Supreme Court and what did he do to try to solve this issue?-Supreme court thought New Deal was uncostitutional-Roosevelt proposed adding 6 more judges to expand Supreme Court-All judges would be in favor of new deal-How did the New Deal help:unemployedfarmersfactory workers/laboryoung peoplebanks/business:-Glass Steagall Act-prohibits commercial banks from engaging in the investment business-Started b/c of bank failure-Helped public believe in banks again-Repealed in 1999home ownerselderly:-Social Security Administration(SSA)Native AmericansDescribe the culture of the 1930's.Key terms:Hundred Days-Roosevelt made series of social,economic,and job-creating bills-15 major bills passed in first 100 daysfireside chats:-Series of radio broadcasts from Roosevelt-First one in 1929Defecit Spending:-Spending money that you don't have-In order to support relief prgrams we needed to spend more moneyPriming the Pump:-pump money into the economy
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