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The Great Depression
The Great Depression was a national nightmare. During the 1920's, many Americans had started to equate their self worth with their material possessions. When the great Great Depression struck, people felt worthless. The worst unemployment rate was 25% in 1933 (13-15 million). When President Roosevelt came into office, his administration passed legislation that aimed to stabilize industrial and agriculture production, create jobs, and stimulate recovery. They called it the 3 R's. -
Robert Taft
Robert Taft was against the new deal. He wanted to end it by stopping the growth of the new deal and eliminating many of its government bureacracy, he instead wanted to increase nationalized health insurance, his main goal was to end the great depression. -
20th Amendment
-The 20th amendment was written because the constitution was ratified to reduce the amount of time lame duck presidents and congressmen had to push policies before the new administration and legislators took over. -
The Migrant Mother
-Dorothea Lange focused on recording the misery of the great depression and revealing her compassion for the poor and desitute she saw around her.
-Her photographs of the migrant workers helped draw attention to the desperate contradictory in rural america and helped to underscore the need for direct relief. -
Gold Reserve Act
(purpose)
- Established gold as the only standard for redeeming paper money stopping bimetallism
(pre crash issue)
- Enforced monetary and fiscal discipline on value of gold
(long-term effect)
- Economic stability and growth, prevents inflation and would reduce the size of government.
