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immigrants during the depression
-with less demand for workers during the depression,white americans sought afther jobs filled by mexicans immigrants
-public hostility for mexican grew which made it difficult for them enter the u.s.
-hoover authoriced the mexican repatration act to send mexicans back to mexico due to lack of jobs -
great depression
-when panicked sellers traded nearly 16 millions shares on the new york stock exchange
-corporations could no longer raise funds
-in 1940, 15% was the lowest unemployment rate
-people had fought for their darly survival. bank failed and many people were out of work.
-the money supply growth caused by huge international gold influence was a crucial source of the recovery on the u.s economy.
-people were hungry and went homeless. -
stock market crash
-the stock market crash of 1929 black tuesday was a largely caused by bad stock market investments low wages, a crumbling agricultural sector & trends in the stock market caused many people to invest, money , even if they din't have the financial assets to back up their investments.
A-buying on the margin became so popular that by late 1920s "ninety percent of the purchase price of the stock was being made with borrowed money'. -
stock market crash
-the u.s. economy had came to depend on that activity. before the crash, nearly cents of every dollar loaned in america was used to buy stocks.
-buying on the margin is the purchase of an asset by paying the margin & barrowing the balance from a bank or broker.
B-return to normalcy . a return to the way of life before ww1
-americas first plan meanwhile, president herbert hoover urged patience & self -reliance he thought the crisis was just a passing incident in our natuanal lives. -
stock market crash
that wasn't the federal govts job to try & resolve.
c- afther the crash people tried to withdraw their $$ in the stock market.
-by 1933,11,000 of the nations 25,000 banks had failed. -
william randolph hearst
hearst's reputation suffred in the 1930 as his political views changed in the 1932
he was a major supporter of fdr his newspapers through 1933
-heart broke with fdr in the spring of 1936 when president voted the pat man bonus bill -
20th amendment
the causes was for lame duck sessions lame duck session - of congress un the united states occurs whener one pres. meets afther is elected what each amendment did it change where both president couldnt be inn the same building. -
tennesse valley authority
-built 21 goverment owned dams along the tenn river
-controlled floods and produced electricity
-some feard it as a farmer socialism -
federal deposit insurance comporation
-the FDIC provided federal insurance of individual bank account of up to $5,000, reassuring millions of bank customers that their money was safe.
-congress and the president also worked to regulate the stock market, in which people had lost faith because of the crash of 1929.
-the FDIC was part of roosevelt's new deal the 3r's relief,recovery,reform. -
the gold standard
-gold & silver where traded.
-use of the gold standard came to an end in 1933 when president roosevelt issued an executive order outlawing the ship of gold ,
-but roosevelt wanted people to rely on paper money (fiat money) an order
to expand the money supply & simulate economic activity -
agricultural adjustment act (AAA)/new deal
-the agricultural act was created in 1933 to reduce crop surplus and -therefore effectevely raised the value of crops
-to producers who captailed the output of crops & livestocks.
-the AAA also paid farmers to not grow crops !
-this act came to be revelt's recovory legislation. -
Period: to
new deal
-the new deal change the gov . how since the "new deal" the gov. has stared to take care of u.s it provides social security+medicare for older people ,runs the fdic to insure our banks deposits, and lower texas. -
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new deal
-roosevelt blamed the bankers selfishness & financiers for crurrent crissis
-roosevelt pused through legislation which is hard in less critical times
-all the important bills submitted in these 1st 100 days rossevelt explained the "new deal" measures as the three rs relief, recovory reforms change. -
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first term of franklin D .roosevelt
-his positive approach and charm help him defeat herbort hoover in nov 1932
-depression was the only issue of conseque in the campaingn americans had to choose between unsucessful policies from hoover, who claimed rossevelt would intesity the disater.
-the economy was in depression ,no jobs or homes franklin took offices & declared 4 day bank holidays & urged americans to put back saving.
-famous quote "only thing to fear is fear itself" meaning fear only made things worse -
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 senior 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 constitution was passed and ratified ending national prohibition.
-afther the repeal of the 18th amendment , some states continued prohibition by maintaining statewide temperance laws. -
heavy long "share our wealth"
-was a democratic goverman of louisiana opposed the new deal bc he believed roosevelt's plan din't help people living in poverty afther great depression.
his plan wanted to take money from the wealthy & giving to poor
assassinated sept 10, 1935 -
social security act
1935 was probably the most important measure of the new deal.
it provided workers with unemployment insurance , old age pensions , and insurance if they died early, workers and their employers each paid new contribution to fund these benefits.
roosevelt put this in place with the new deal as part of the 3rs -
reform of the new deal.
-social security was probably the most important meassure of the new deal. it provided workers with unemployement insurance, old age pensions, and insurance if they dies early workers and their employers each paid new contributions to fund these benifits in part of roosevelt. -
migrant mother
-she foucused her photography career on destituate migrant workers, children, and mothers
-the career helped raise funds by federal agencies. h also helped draw attention to the desperate conditions in rural america and helped to underscore the need for difeet relief. -
judicial procedures reform bill
Roosevelt intent was to add more justices to the supreme court also known as court packing cause was to gain ruling vergardins the new deal using Roosevelt's court packing scheme courts viewed it as unconstitutional b/c it would cause inefficiency and delays Americans viewed it as if it was too important ti interfered with -
grapes of warth
auther: john steinbeck
okies: where natives from oklahoma forced to move due to drought and farm foreclosures in the 1930s to the california route 66:people that were losing everything fled to california asing route 66 to seek better jobs
migrant hopes v.s. reality people came from all around the u.s. with the hopes of a better life and better jobs. but only came to find even more povorty or if not already poor they became poor -
dust bowl
-drought is a part of a weater cycle nautrually occuring on the great planes
-farmers from tx to n.d used tractor to break up the grasslands and plant millions or acres of new farmland
-dust traveled hundreds of miles , played by dust storm and evictions thousands of farmersand share croppers left their land behind
-by the end of 1930s hundreds of thousands of form famalies had migrated to cali and other pacific coast states.