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Robert taft
Robert Taft was a conservative American politician and presidential hopeful
Taft was the senates main opponent of Franklin Roosevelt new domestic policies called the "the new deal"
He denounced the socialism trends of the new deal -
Buying on margin, disposable income, bank run,bank failure
Margin means buying securities sucheck as stocks,by using funds you borrow from your broker (person who buys and sell goods to others)
Disposable income:income remaining after deduction of taxes and other mandatory charges
Bank run:sudden whitdrawl of deposits of just one bank
Bank failurelarge #s of anxious ppl whit drew their deposits in cash forcing banks to liquidate loans and often leading bank failures -
Huey long
Opposed the new deal bc he belive that roosevelt plan to help American economy after the great depression was not adequate to help citizens 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 nation's wealth among ppl -
Immigrants during the depression
Whit less demand for workersey during the depression, white Americans fought after jobs filled by mexican immigrants
Public hostility for Mexican reputation act sent Hispanics back to mexico due to lack of jobs -
Franklin Roosevelt
He defeated Herbert hoover
Greatest problem facing Americanwas widespread whit unemployment
He promised the Americans whit ethereal new deal to start them back to work also inability to end the great de
Only thing we ha to fear it's fear itself -
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great deppression
-effects on society: started the downward economic spiral that led to bankruptcies,mass unemployment,homelessness and despair
-worst unemployment rate-for over a decade the unemployment rate was about 15% in 1940 Albert down from the high of 25% in 1933
-Roosevelt created a new deal using the 3 R's Relief,Recovering,Reform, this was meant to create new jobs available foe Americans
-The lack of jobs affected the American citizens making them lose jobs and lose their homes (homeless) -
Stock market crash
Ppl could not sell their share fast enough
Top bankers met that day and bought stocks above current market prices to try to stop the rapid decline in prices -
Migrant mother
Her photograph of migrant workers, homeless helped draw attention to the desperateam in rural america and helped to bring attention the need for direct relief help -
William randolph hearst
Hearst reputation suffered in the 1930's as his political views changed in 1932 he was a major supporter of FDR his news papers throughout 1933
Hearst broke whit FDR in the spring of 1935 when President vetoed the pat man bonus bill -
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New deal
Roosevelt blamed the bankers selfishness and finances for current crisis
Roosevelt passed through legislation which is hard in less critical times
All the bills submitted in these 1st 100 days roosevelt explained these "new deal" measures as the 3 R's relief, recovery, reform change
The new deal changed the gov. How since the gov. Has started to take care of the USA it provides social security aND media care for older ppl. Runs the FDIC to insure our banks and deposits -
Francis townsend
Dr.Francis was a physician who devised the townsend plan
The plan promised to end the great depression by opening up jobs for younger workers while forcing seniors to spend money in the consumer economy
Adopted a version of the townsend plan when the social security program was created -
21st amendment
In 1933, the 21st amendment to the consituation was passed and ratified ending national prohibition. After the repeal of the 18th amendment, some states continued prohibition by maintaining statewide temperance laws. -
The gold standard
Gold and silver were traded
Use of the gold standard came to an end in 1933 when President Roosevelt issued an executive order out laing the ship of gold
Roosevelt wanted ppl to rely on paper money (fiat money) in order to expand the money supply and stimulate economic activity -
Securities exchange commission
SEC-was created to watch over the stock market, prevent fraud and guard against other stock market collapse
Was roosevelts reform against the new deal -
20th amendment
The causes was for duck sessions. lame duck sessions- of Congress on the United states occurs whenever one pres. Meets after as expected.
What each amendment did it change where both presidents couldn't be in the same building -
Fdic
Is the federal deposit insurance corporation
It's on in-pendent agency of the U.S. federal government that preserves public confidence in the banking system by insuring deposits
President Roosevelt signed the banking act in 1933 a part which established fdic this way a part of Roosevelt "reform legislation" during the new deal -
Tennessee Valley authority
reform the new deal
Part of the 3 R's
Built 21 gov. Owned dams along the river controlled floods, produced electricity
Some feared it as a form of socialism -
Gold reserve act
Usa. Had a bi metallic sy stem of money
Silver was also traded
Gold standards came to an end in 1933 when roosevelt issued an executive order out lowing the ownership of gold besides jewelry
Roosevelt wanted ppl to rely on "flat money" [paper money] -
Social security act
1935 was probably the most important measure of the new deal
It provided workers whit whit unemployment insurance, old age pensions and insurance if the died early
Workers and their employers each paid n w contributions to fund these benefits
Roosevelt put his place whit "new deal" as part of the reform of the 3 R 's -
Judicial procedures reform bill
Roosevelts intent was to add more justice to the Supreme Court also known as court-packing
Base was to gain fa our able rulings regarding the new deal using roosevelt court-packing scheme
Courts views it as unconstitutional bc it would innefficiency + delays -
AAA . Agricultural adjustment act
Gave farmers government ayment, to grow crops smaller supply of crops would demand for those crops this would help farmers earn money
It's purpose was to improve and preserve national soil resources. Also prevent it from eroding.
Long term effects was to help keep the pricing of crops stabilized -
Dust bowl
Natural cause. Droughts every so often, heavy winds
Human causes. Tilling the great plai,cutting the grasses covering the top soil and tapping under ground water supply
Effects. Money was tight. Ppl lost their lands due to not being able to pay the bank crops did not grow in central America
Result. Men became discouraged they abandoned their families woman canned food and sewed clothes to support their families -
Grapes of wrath
Author. .. jhon steinbeck
.oakies. moving from Oklahoma to California increased the average intelligence of both states
Also meant scum
..route 66.. is référés to the mother road
Hope to find jobs
No jobs in cali so sleep in serge in weed patch camp due to poverty