-
great depression
when paniked seller traded nearly 16 million shares on the new york stock exchange
-corporations could no longer raise funds
-in 1940, 15% was the lowest unemployment rate
- people fought for their daily survival. banks failed and may people were out of work
-the money supply growth caused by huge international gold influence was a crucial source of the recovery of the u.s economy
-people were hungry and went homeless -
Tennessee valley authority
-built 21 government owned dams along tenn. river
-controlled floods and produced electricity
-some feared it as a form of socialism -
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 lawing the ship of gold
-but rooswevelt wanted people wanted people to rely on paper money (fid money) in order to expand the money supply and stimulate economic activity -
Period: to
new deal
roosevelt blamed the bankers selfishness and financiers
roosevelt pushed through leislation which is hard in less critical times
all the important bills submitted in these 1st 100 days roosevelt explained these "new deal" measures as the three r's relief, recovery, reform
change
the new deal change the gov how since the "new deal" the gov has started to take care of us it provides social security + medicare for older people,runs the fdic to insecure our banks deposits and lower taxes -
SEC/new deal
-the securities and exchange commission act was created to review over the stock markets prevent fraud and guard against other stock markets collapsing
- the longer term affect of this passage is that they maintain efficient markets and protect investors
-this gives investors common sense to buy in or not
-this is Roosevelt reform legislation plan -
migrant mother
-she focused her photography career on without basic necessities of life migrant workers children of mothers
-her career helped raise funds by federal agencies it also helped draw attention to the desperate conditions in rural america and helped to underscore the need for direct relief -
robert a taft
taft was elected to the u.s senate in 1938 he opposed and denounced fdr's new deal said that it had socialist trend tafts plan called for economy in government a balanced budget and less centralization of power in the national capital -
judicial procedures reform bill
Roosevelt proposed a plan to allow the president to add a new appointment to the supreme court for each justice over 70% years old
the plan would have given Roosevelt the right to appoint six justices giving him control over the court
his "court packing scheme was widely viewed as an attempt to upset the traditional separations of powers
Roosevelt new deal the power of the federal government moved beyond the regulatory role irt had under the progressives -
dust bowl
drought is a part of weather circle naturally occuring on the great planes
farmers from tx to n.d used tractors to break up the grasslands and plant millions of acres of new farmland
dust traveled hundereds of miles payed by dust storms and evictions thousands of farmers and share croppers left thier land behind
by the end of the 1930's hundreds of thousands of farm families had migrated to cali and other pacific coast states -
SEC/new deal