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Great Depression
-When panicked sellers traded nearly 60 million shares on the New York exchange
-Corporations could no longer raise funds
-In 1940 15% was the lowest employment rate -
The Gold Standard
Gold an silver were traded
-use of gold standard came to and end in 1933 when president Roosevelt issued an executive order outlawing to ship gold but Roosevelt wanted people to rely on paper money -
Tennessee valley authority
-built a gov owned dams along the river
-control floods and produced electricity -
Agricultural Adjustment
-creatd in 1933 to reduce crop surplus an therefore effecttvely raised the value of crops
-producers who curtailed the output of crops and livestocks -
Federal Deposit Insurance Corperation
The FDIC provided insurance for individual bank accounts of up to $5,000 reassuring millions of bank customers that their money was safe
-Congress and the president also worked to regulate the stick market in which people lost faith because the stock market crashed in 1929 -
Henery long
was a democratic govoner of louisana opposed the new deal because he belived roosevelt plan didnt help people living in poverty after the great depression -
New Deal
rossevelt passed through legislation which is hard and less critical times
all the important bills submitted in these 1st 100 days he explained these new deal -
Grapes Of Warth
Okies: Where natives from Oklahoma forced to more due to drought and farm foreclosures in the 1930's to California using route 66 to seek better jobs -
21st Amendment
In 1933 the 21st amendment to the constitution was passed and ratified ending national prohibition
-After the repeal of the 18th amendment some states continued prohibition by maintaining statewide temperance laws -
Reform of the New Deal
Social security was probably the most important measure of the new deal it provides workers with uinemployment insurance