Week Five: Great depression and new deal

By jackyy

  • jessica Lange

    -migrant mother is one of a series of photograph her subject are homeless women their children & migrant workers
    -her work was funded by federal agencies such as the farm security administration
    -the editor then told the federal authorities whom urged the government to rush the camp to prevent starvation

  • immigrants during the depression

    -the stock market crashed in 1929 it caused high unemployment Americans panicked they began to blame Mexican & European immigrants for their problem
    -the us deported about 1.5 million Mexicans and Europeans between 1929-1935
    -president hoover authorized a special Mexican reparation act to send Mexican-american immigrants back to mexico

  • Stock Market Crash-B

    • Warren G Harding campaign promised to return the US prewar mentality without the thought of war tainting the minds of american people
      -A return to the way of life before WW1 -Foreign competition by means of tarries weaken import quotas or other restrictions or handicaps placed on the imports of foreign competitors

  • Stock Market Crash-C

    -Disposable income is the amount of money that households have available for spending
    -People were spending instead of saving,when the market crashed all the people did a "bank run" to get more money
    -the "bank run" caused the "bank failure" because the banks couldn't keep up with the peoples demands for money .

  • Stock Market Crash (Black Tuesday)

    -It was the result of various economic imbalances & structural failings
    - in the 1920s a rapid growth in bank credit & loans i the US
    -people who borrowed money were exposed & rushed to sell shares & try to redeem their their debts
    -margin millionaires get wiped out when stock market fall
    -stock market crash can be blamed on over exuberance & false expectation

  • Stock Market Crash-A

    • buying on the margin meant people had to pay 10-20% of the value of the shares you were borrowing 80-90% of the value of the shares -an example of buying on margin to get a loan from bank to pay off another loan

  • great depression

    -when panicked sellers traded nearly 60 mil shares on the new York stock market
    -corporations could no longer raise funds
    -in 1940 15% was the lowest employment raise
    - people had bought for their daily survival banks failed and many people were out of work

  • Robert Taft (new deal socialism)

    • Co-operating with conservative democrat and led the conservative that opposed the new deal -the republicans gains in the 1938 elections combined with creation of the conservative had stopped the expansion of new deal -calling for economy in gov a balanced budget & less centralization of power in the nations capital

  • dust bowl

    • human causes -farmers had been plowing the grass lands for crops in the central plains & trapping under ground water supplies -natural causes were 10 yr drought was occurring -farmers had to move to California bc their harvest was being destroyed -the wind carried the top soil away this is why it was called the dust bowl

  • 20th Amendment

    -sets the dates at which federal gov elected offices end also defines who succeed the president if the president dies
    -elected officials who had be replaced were called "lame duck"

  • Agriculture adjustment act (AAA)

    -Was to hep farmers by reducing productions of staple crops taxes forced farmers to cut amounts they marked
    -the gov paid per farmers to grow crops so prices would not go up and help the land

  • Tennessee Valley Authority

    -it was created by congressional in may 1933 to provide flood control electricity generator and economic development during the depression
    -this was the presidents new deal for reform

    -largest public power company in the us was the 5th largest river system provides electricity for Tennessee but also parts of Kentucky and Alabama

  • Security And Exchange Commission

    -the purpose of the sec was protecting investors from dangerous or illegal financial practices of fraud
    -the issue it addressed was the fact that no one was watching the stock markets
    -the effects of its passage was to prevent another stock market collapse in doing so it evolved our markets into high tech training centers
  • Period: to

    Franklin D Roosevelt

    -he defeated Herbert hoover in the 1932 presidential election
    -major issues were the cultural issues which had before dominated previous elections. the depression was of major concern during this election
    -the took office during the Great Depression
    -" the only thing we have to fear is fear itself "

  • 21st Amendment

    -many people had simply refused to accept the alcohol
    -even president harding carried alcohol in the white house
    -prohibition was replaced by 21st amendment

    -the experience of prohibition demonstrated that unpopular laws was sometimes not enforced

  • Gold Reserve Act

    -united states had a bi-metallic system of money
    -silver was also traded
    -gold standard came to and end in 1933 when Roosevelt issued an executive order outlawing the ownership of gold besides jewelry.
    -Roosevelt wanted people to rely on "fair money" [paper money]

  • Huey Long

    • US senator and former governor of Louisianan promised to give each american family an income of 5,000 a year to be paid for by taxing the rich ,long was assassinated before he was able to mount his campaign against FBE

  • social security act

    -in 1935 act was created for old age unemployed people who couldn't help themselves the SSA was part of thr 3Rs of the new deal the fdr put in place bc of the great depression
    -relief recovery reform

  • Judicial Procedures Reform Bill

    -the reform bill was frequently called "court packing plan"was a legislative initiative proposed by us president Franklin D Roosevelt to add more justice to the US supreme courts
    -the bill was to increase the number of US supreme court justice then to bring in several new justice who would change the balance of opinion on the court

    -Roosevelt failed many times at attempting to pass the law its failure exposed the limits of Roosevelt abilities to push legislation through direct appeal

  • Grapes Of Wrath

    -the grapes of wrath is an american realist novel written by john steraback & published in 1939
    -an okie is a resident native or cultural descendant of Oklahoma
    -the route 66 the main hwy in the 1930s that connected the great plains to California
    -migrants went to California in hopes to find jobs & places to work but when they got there the jobs were taken