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Huey Long
-opposed the new deal because he believed that Roosevelt plan to help the american economy after the great depression not adequately help citizen living in poverty.
-"share our wealth" plan also known as Huey longs a program designed to provide a decent standard of living to all Americans by spreading the nations wealth among the people. -
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great depression
-one fourth of the labor force was out of work. hourly wages dropped by 50%. hundreds of banks had failed. price for agricultural products dropped to their lowest level since the civil war.
-the worst unemployment rate was in 1932 and it was 23.6% 13 to 15 million was unemployed
-the government instituted a series of experimental projects and programs, known collectively as the new deal that aimed to restore prosperity to many Americans
-many were deprived of their homes or were evicted. -
Immigrant during the great depression
-Immigration act opposed quotas on immigrants from Europe but not from mexico.
-Mexicans freely entered the us as long as they payed a tax and passed a test.
-many came to escape turmoil caused by the Mex. revolution
-immigrants were taking all the jobs so hoover passed a Mexican reparation act to send them back to mexico. -
Dust bowl
human causes
-farmers had been plowing the grass lands for crops in central plains and trapping underground water supplies.
natural causes were 10 year drought has occurring. farmers had to move to California because their harvest has being destroyed. the wind Carrie the top soil away this is why it was called the dust bowl. -
William Randolph Hearst
- Hearst's reputation suffered in the 1930s as his political view changed in 1932 -he was a major supporter of FDR his new papers throughout 1933 -Hearst broke with FDR in the spring of 1935 when president vetoed the pat man bonus bill
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20th amendment
-the cause was for lame duck sessions
-lame duck session- of congress in the united occurs whenever one congress meets after is elected
-what each amendment did it change where both president couldn't be n the same building -
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Franklin d. Roosevelt
-he defeated Herbert hoover in the 1932 election
-only thing we have to fear is fear itself. FDR was trying to say that our fear is what causing things to go wrong. it gave the american people and government time to calm down and make recovery plans.
-the greatest problem was the widespread of unemployment due to the stock market crash of 1932
-FDR promised Americans a "new deal" to put them back to work the 3 R's relief, recovery and reform -
FDIC
-is the federal deposit insurance corporation
-its on independent agency of the U.S. federal government that preserves public confidence in the banking system by insuring deposits.
-president Franklin Roosevelt signed the banking act in 1933 a part which established FDIC.
-this was a part of Roosevelt reform legislature during the new deal -
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the new deal
-the Nd was organized to help a.m. recover from the depression.
-relief providing temporary help to suffering and unemployed Am includes the Social security act
-recovery - was to help the economy bounce back from the depression, includes the agricultural adjustment act and national industrial act.
-reform- targeted the causes of the depression a prevent creating FDIC and bank reform played a big part.
-he expanded the role of government through programs designed to restore public confidence -
SEC 1933
-SEC was created to watch over the stock market , prevent fraud and guard against other stock market collapse
-was Roosevelt's reform against the new deal -
Gold reserve act and the gold standard
-gold and 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.
-Roosevelt wanted people to rely on paper money in order to expand the money supply and stimulate economic activity
-fiat money is printed currency. -
SEC security and exchange commission
-was created to watch over the stock market, prevent fraud and guard against another market collapse
-part of the reform in the 3r's
-required public corporations to register their stock sales. -
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 other needing assistance.
-helps elderly people get check after retirement due to the dedicated security payroll taxes paid by employee and employer. -
grapes of wrath
author: john Steinbeck
route 66: main road of exodus for those fleeing from harsh economic and environment conditions of the dust bowl oakies - they called immigrants workers this. it was a nickname that meant scum. migrant hopes - they moved to find new means of survival. mild climates allowed for a long growing season in california and steady income -
migrant mother 1930's
- her photographs of migrant worker helped draw attention to the desperate conditions in roral american and helped to bring attention the need for direct
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AAA - agricultural adjustment acts 1936
-in 1936 the supreme court declared the AAA constitutional.
-was a us federal law of the new deal era which reduced agricultural productions by paying farmers subsidies not to plant on part of their land and to kill of excess livestock.
- its purpose was to reduce crops surplus and there fore effectively raise the value of crops part of recovery in the R's -
judicial procedures reform bill 1937
-purpose: to obtain favorable ruling regarding new deal legislation./
-cause add more justices to the us supreme court
-viewed: the congress saw it as unconstitutional
-issued: he stepped pass presidential power and did not follow -
21st amendment
-it passed in 1933
-repeated the 18th amendment causes-Americas concerned about the advice of drinking.
-effect- bought an end to the era of national probation of alcohol in America
-even president Harding drank alcohol in the white house. -
stock market crash of 1929 part b
-president Harding wanted to return to normalcy and the economy became good
-millions of Americans became unemployed
-protectionism was a result of the great depression which was a result of the great depression which was a result of the crash. -
stock market crash of 1929 part c
-as a bank run progresses, it generates it own momentum: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals
-this can destabilize the bank to the point where it runs out of cash and thus faces sudden bank failure. -
Francis townsend
-Dr. Francis was physician who devised the Townsend
-the plan promised to end the great depression by opening up jobs for younger workers, while forcing seniors to spend money on the consumers economy
-adopted version of the Townsend plan when the social security programs was created -
stock market crash of 1929 part a
-stock market crash was a decline in the US stock market values in 1929 that contributed to the great depression of the 1930s
-buying on the margin become so popular that by the late 1920s 90% of the purchased price of the stock was being made w/ borrowed money.
-u.s. economy had to come to depend on the activity.
-before the crash, nearly 40 cents of every dollar loaned in american was used to buy stocks