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Robert Trft
Robert Taft was a conservative american politician statesman & presentation hopeful
Taft was the senates main opponent of Franklin Roosevelt new domestic policies called the new deal
he denounce the socialism trends of the new deal -
buying on margin disposable income bank run bank failure
margin means buying securities such as stocks by using refunds you borrow from your broker
disposable income - income remaining after deduction of taxes and other mandatory charges bank run -
Huey Long
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 -
Franklin D Roosevelt
he defeated Herbart Hoover
greatest problem facing Americans was widespread unemployment
he promised the Americans a new deal to start them back to a work also he inability to end great depression
only thing we have to fear it self he will address them with a condor decision -
immigrants during the depression
with less demand for workers during the depression withe Americans sought after jobs filled by Mexican immigrants
public hostility after the Mexicans grew which made it difficult for them to enter the u.s
hoover authorized the Mexican reparation act to send Mexicans back to mexico due to lack of jobs -
stock market crash
people could not sell their shares fast enough
oct 29 the dam burst the market crashes
this action by Bankers only delayed the collapse by a few days -
Great depression
effects on society started the downward economic spiral that led to bankruptcies mass unemployment homelessness and despair
Roosevelt created a new deal using the 3 R;S
relief recovering reform this was meant to create new jobs available for Americans -
Migrant Mother
her photographs of migrant workers helped draw attention to the desperate conditions in rural american & helped to hiring attention he need for direct relief -
Tennessee valley Authority
(part of the 3R's) (reform of new deal)
built 2 gov owned dams along the river
controlled floods & produced electricity
some feared it as a form of socialism -
FDIC
the federal deposit insurance corporation
its an independent agency of the us federal gov that preserve 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 plot of Roosevelt 'reform legislation' during the new deal -
21st amendment
in 1933 the 21st amendment to the constitution was passed & ratified ending national prohibition
after the repeal of the 18th amendment some states continued prohibition by maintaining statewide temperance laws -
the gold standard
the gold & silver were 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 (flat money) in order to expand the money supply & stimulate economic activity -
20th amendment
dates on which new presidential & vice presidential terms began well as the date for begging new congressional terms
moving these dates for president & congress helps get rid of a non productive called ;lame duck; period.
it also has provision that determined what it is to be done when there is no presidential elect or killed -
new deal
Roosevelt blamed the bankers selfishness & financiers for current crisis
all the important bills submitted in these 1st 100 days Roosevelt explained these new deal -
William Randolph Hearst
Hearst reputation suffered in the 1930's as his political views changed in 1932
he was a major supporter
Hearst broke with FDR in the spring 1935 -
securities exchange commission
SEC was created to watch over the stock market prevent fraud and guard against other stock market collapse
was Roosevelt reform against new deal -
Gold Reserve act
united states had a bi-metallic system of money
silver was also traded
gold standard came to an end in 1933 when Roosevelt issued an executive order outlawing the ownership of gold besides jewelry
Roosevelt wanted people to rely on flat money -
social security act
1935 was probably the most important measure of the new deal
it provided workers with unemployment insurance old age pensions & insurance if the died early workers & their employers each paid new tributions to fund these benefits -
Judicial procedures Reform Bill
Roosevelt's intent was to add more justices to the supreme court
cause was to gain favorable rulings regarding's the new deal
Americans viewed it as if it was important to interfere with -
Judicial procedure reform bill
Roosevelt intent was to add more justices to the supreme court also known as court pack-ins
cause was to gain favorable rulings the new deal using Roosevelt court packing scheme
courts viewed it as unconstitutional because it would cause inefficiency & delays
Americans viewed as it was to important to infer with -
Francis Townsend
opposition it had not gone far enough refused to nationalize the banking systems & provide free coinage of silver
alternative plan for everybody working over the age of 60 to retire would receive a monthly check for 200 a considerable income during the depression -
AAA (agricultural adjustment act)
gave farmers government payment to grow farmer crops
smaller supply of crops would increase demand for those crops this would help farmers earn money
its purpose was to improve & preserve national soil resources also prevent it from eroding
long term effect was to help keep the piercing of crops stabilized -
grapes of wrath author john stienback
oakies moving from Oklahoma to California increased the average intelligence of both states
route 66 is refereed to the mother road -
dust bowl
natural causes droughts every so often heavy winds
human causes tilling the great plain cutting the grasses covering the top soil & tapping underground water supplies
effects - money was tight people lost there lands due to not being able to pay the bank
result - men became discouraged they abandoned their families women canned food & sewed clothes to support their family