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dorothea language
-Migrant mother is one of a sets of photograph
-Her subject are homeless women, their children & migrant workers
-Her work was funded by federal agencies, such as the farm security administration -
stock market crash c
-disposable income is the amount of money that households have available for spending
-people were spending instead of saving, when the market crashed all the people did a "bank run" to get more -
stock crash market
-it was a result of various economic imbalances & structural failings
-In 1920's, a rapid growth in bank credit & loans in the US
-people who borrowed money were exposed & rush to sell shares & try to redeem their debts
-Margin millionaires get wiped out when stock market falls
-stock market crash can be blamed on over exuberance & false expectation -
stock market crash a
-Buying on the margin: meant people had to pay 10-20% of the value of the shares, you were borrowing 80-90% of the value of the shares
-An example of buying on margin to get a loan from bank to pay off another loan -
stock market crash B
Warren G harding campaign promised to return the US prewar mantally without the thought of war tainting the minds of American people
-A return to the way of life before WW1
-Foreign competition by means of tarries weaken import quotas or other restrictions or handicaps placed on the imports of foreign competitors -
migrant mother
-Ms.Lang during her carrer in 1930 she wanted to use the power of the image to effect political change
-many americans lost their homes and family in the depression
-people were homeless and went hungry millions depended on soup kitchens for their food -
immigrantion during the depression
-tension grew towards immigrant and migrant worker both Mexican and Europeans dueto the lack of jobs addust bowls
-after a certain amount of time during the depression U.S stopped allowing immigrants into the country
-the police stopped deporting Mexicans and Europeans immigrants and some rare occasions farmers in the south were deporting mexicans -
dust bowl
-human cause where farmers had been plowing the grass lands for crops in central plains and trapping under ground water supplies
-natural causes where 10 year drought was occurring
-farmers had to move to Califonia their harvest was being destroyed
-the wind carrie the topsoil away this is why it was called the dust bowl -
robert taft (new deal socialism
-Co-operating with conservative Democrat and led the conservative that opposed the New Deal
-The Republicans gains in the 1938 elections combined with the creation of the conservative j/ had stopped the expansion of the New Deal -
migrant mother
-Her photographs of migrant workers homeless, women, and children helped draw attention to the desperate conditions in rural America and helped to bring attention to the need for direct relief -
FDR First time
-Roosevelt's famous quote "only thing we have tofear is fear itself" addressin himself to cause of the economic crisis and its moral dimensions Roosevelt placed blame squarely on the greed and shortsighdness of bankers and business
-he defeated Herbert hoover -
20th amedment
-The cause was for lame duck sessions
-Lame duck session-of congress meets a ferris elected
-What each amendment did it changed were both president couldnt be in the same building -
21st amedment
-Passed in 1933
-Repealed the 18th amendment Cause-Americans concerned about the adverse of drinking Effect- Brought an end to the era of national probation of alcohol in America
-Even president Harding drank in the white house -
F D I C
-Is the Federal Deposit Insurance Corporation
-Its on independent agency of the U.S Federal government that Piesenes Public confidence in the banking system by insuring deposits.
-President Franklin Roosevelt signed the banking Act in 1933 a part which established FDIC. -
S.E.C
-Was created to watch over the stock market prevent fraud & guard against another stock market collapse
-Part of the Reform in the 2R's
-Required public corporations to register their stock sales -
gold reserve act & the gold standard
-Gold & Silver have provided two accepted forms of exchange
-Came to an end in 1933 when Pres. Roosevelt issued an executive order outlawing the ownership of gold, except for jewelry
-Fiat money is printed -
huey long
-US senator & former governor of Louisiana Huey Long promised to give each American family an income of $5,000 a year, to be paid for by taxing the Rich
-Long was assassinated before he was able to mount his campaign against FDR -
social security act
-in the pre-social security era almost no one had any reliable cash-generating form of retirement security
-it is an act to provide for the general welfare by enabling the states to make more adequate provisions for aged people and many others needing assistance -
gold reserve act
-U.S. had a bi-metallic system of money
-silver was also traded
-Gold standard came to an end in 1933 when Roosevelt issued an Executive order outlawing the ownership of gold besides jewelry -
AAA
-in 1936 the supreme court declared the AAA constitutional.
-Was a U.S. federal law of the New Deal Era which reduced agricultural productions by paying farmers -
judicial procedures reform bill
-Purpose-to obtain favorable ruling regarding New Deal legislation
Cause-Add more justices to the U.S supreme court
Viewed- The congress saw it as Unconstitutional
issued-He stepped pass presidential power & did not follow check & balance -
grapes of wrath
-the author was john Steinbeck published in 1939 okies farm families from southern plains who migrated to California in 1930 people think they are migrating to californiafor better future