First work day for our project.
Group: Cali, Hannah, Tina, Brooke, Myself.
Topic: #3. What did the United States Gov't do to help alleviate the problems the Great Depression brought to our country?
Research:
new deal: created by FDR, One of the programs was called the Civilian Conservation Corps, or CCC- 40,000 men in florida lived in work camps and received food and their money was seThe New Deal was a series of economic programs enacted in the United States between 1933 and 1936. They involved presidential executive orders or laws passed by Congress during the first term of President Franklin D. Roosevelt. The programs were in response to the Great Depression,nt home to their families.
Herbert Hoover closed all the banks in the country and kept them all closed until he could pass new legislation. While throughout the 1920s more than five hundred banks failed per year; it was less than ten banks per year after 1933.
At the end of the 1920s the United States were confronted with a bigger outflow of gold, thus in 1928 the Federal Reserve System began to raise its discount rate to stem the outflow of American gold. This deflationary policy was successful in containing the gold reserves but restricted economic activity.
Under Roosevelt, many unemployed persons were put to work on a wide range of government financed public works projects, building bridges, airports, dams, post offices, courthouses, and thousands of kilometres of road
farm and rural- including school lunches, building new schools, opening roads in remote areas, reforestation, and purchase of marginal lands to enlarge national forests. Roosevelt was keenly interested in farm issues and believed that true prosperity would not return until farming was prosperous
Roosevelt's advisers believed, that excessive competition and technical progress had led to overproduction and lowered wages and prices, which they believed lowered demand and employment- deflation
Second New deal:
Social Security Act, drafted by Francis Perkins. It established a permanent system of universal retirement pensions (Social Security), unemployment insurance, and welfare benefits for the handicapped and needy children in families without father present.
The WPA financed a variety of projects such as hospitals, schools, and roads, and employed more than 8.5 million workers who built 650,000 miles of highways and roads, 125,000 public buildings, as well as bridges, reservoirs, irrigation systems, parks, playgrounds and so on.
http://en.wikipedia.org/wiki/New_Deal
Hoover:
**hoover believed that the gov't was an umpire, not a player in the economic game.
Congress passed the Agricultural Market Act of 1929, this law created an eight
man Federal Farm Board which was furnished with 500 million dollars to help
existing farm organizations and to create new ones.
settlements of shacks made by the homeless appeared in U.S. cities. These shacks
were built of cardboard, scrap metal, packing boxes and tar paper. People
bitterly called these settlements Hoovervilles, after President Herbert Hoover
http://kmgreatdepression.weebly.com/uploads/1/4/5/0/14509252/8718533.jpg hooverville picture
The president also believed that the states and local communities should provide
relief for jobless workers, but it became clear that the unemployed needed much
more than the state and local communities could afford.
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