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Huey Long 1928-1932
-Opposed the New Deal because he believed that Roosevelt plan to help the American economy after the great depression not adequately help citizens living in poverty
-"Share our Wealth" plan also known as Huey Long's a program designed to provide a decent standard of living to all Americans by spending the nations Wealth among the people -
Stock Market Crash of 1929
-Stock market crash was a decline in U.S stock market values in 1929 that contributed to the Great Depression of the 1930s
-Buying on the margin became so so popular that by the late 1930s 90% of the purchased price of the stock was being made with borrowed money
-U.S economy had come to depend on that activity
-before the crash nearly 40 cents of every dollar loaned in America was used to buy stocks
-How it was after world War 1 president Harding wanted to return to normalcy and the economy -
Stock Market Crash 1929
-Millions of Americans became unemployed
-Protectionism was a result of the great Depression which was result of the stock market Crash
-Stock Market Crash of 1929 part C
-As a bank run progresses it generates it's own momentum: as move people with draw cash, the likelihood of default increases triggering further withdraws
-This can destabilize the bank to the point where it runs out of cash and this faces sudden bank failure -
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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% to 15 million was employed
-the government instituted a sense 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 -
Migrant mother
Her photographs of migrant workers helped draw attention to the desperate conditions in rural America and helped to understand the need for direct relief -
Immigration During The Great Depression 1930
-Immigration Act passed quotas on Immigrants from Europe but not from Mexico
-Mexicans freely entered the U.S as long as they payed tax and passed a test
-many came to escape turmoil cased by the Mex Revolution
-Immigrants were taking all the jobs so Hoover passed a Mexican Reputation Act to send them back to Mexico -
Dust bowl 1930
-Farmers had been plowing the grass lands for crops in central plans and trapping under ground water supplies under Natural Causes were 10 year drought was occurring
-Farmers had to make to Cali because their harvest has being destroyed
-the wind carry the top soll away this is why it was called the Dust bowl -
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William Randolph Hearst
-Hearst reputation suffered in the 1930s as his political views changed in 1932 he was a major supporter of FDR his newspapers throughout 1933
-Hearst broke with FDR in the spring of 1935 when president voted in the pat man bonus bill. -
Gold Reserve Act & The Gold Standard 1934
-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
-Roosevelt wanted people to rely on paper money in order ti expand the money supply & stimulate economic activity.
-Flat money is printed -
20th Amendment 1933
-The cause was for lame duck sessions
-Lame duck session of congress meets a ferris elected
-What each amendment did it changed where both president couldn't be in the same building -
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Franklin D Roosevelt Presidency
He defeated Herbert Hoover in the 1932 election
-only thing we have to fear itself "FDR was trying to say that our fear is what's causing things to go wrong it gave the american people government time to calm down & make recovery plans
-The greatest problem was the widespread of unemployment due to the stock market crash of 1932 & the dust bowl
-FDR promised Americans a "New Deal" to put them back to work the 3 Rs relief , recovery , and reform -
FDIC
-Is the Federal Deposit Insurance Corporation
-It's an 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's "Reform Legislation" during the New Deal -
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The New Deal 1933-1937
was organized to help AM recover from the depression
Relief provide help to suffering and unemployed Americans includes the Social Security Act
Recovery Designed to help the economy bounce back from the depression includes the Agriculture Adjustment Act & National Industrial Act Reform targeted the causes of the depression and sought to stop crisis like it from happening again.Creating FDIC&Bank reform plyd a long part He expanded the role of gov thru programs designed to restore public confid -
21st amendment 1933
-it passed in 1933
-replaced 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 alcohol in the white house -
Francis Townsend 1933
Dr. Frances was a Physician who devised the Townsend act
-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 -
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 -
S.E.C Security & Exchange Commission 1934
-Was created to watch over the stock market prevent froud & guard against another stock market collapse
-part of the reform in the 2R's
-Required public corporations to register their stock sales -
Social Security Act 1935
-In the per-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
-Helps elderly people get checks for retirement due to the dedicated social security payroll taxes paid by employee and employer -
AAA- Agricultural Adjustment Acts 1936
-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 subsides not to plant on part of their land & to kill excess livestock
-Its purpose was to reduce crops surplus & there fore effectively raise the value of crops part of the "Recovery" in the 3 R's -
Judicial Procedures Reform Bill 1937
Purpose to obtain favorable ruling regarding New Deal legislation Cause add more justices to the United States supreme court
Viewed the congress saw it as Unconstitutional
Issue He stepped pass presidential power & did not follow check & balance -
grapes of wrath
Author John Steinbeck
route 66 main road of exodus for those feeling from harsh economic and environmental conditions of the dust bowl
Oakies-They called immigrant workers this it was a nickname that meant scum
-They moved to find new means of survival
-Mild climates allowed for a long growing season in California & steady income
-They found low paying jobs
-Corporation owned farms
