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3 Cards in this Set
- Front
- Back
Depression Marred by Violence |
Bonus March- July 1932 - WWI vets set massive march on DC, seeking military bonus they were promised early - July 28, 1932- Hoover orders military to expel protestors - protestors become violent, a baby is killed - FDR decides to take a different tactic than Hoover- Gov should find a way to help desperate citizens - agrees w Hoover on bonus issue, but not on government stance |
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Election of FDR |
Landslide victory in 1933
Gets rid of monopolies, says there will be stability and fair play
Creates welfare state
Basic quality of life for all Americans
Roosevelt Revolution - African Americans, women, farmers switching from Republican to Democrat @ this time to vote for him
Brain Trust develops New Deal plan - intellectuals who were meant to "think outside the box" - figured that the gov/ppl relationship had to change - argument in favor of government involvement to plan & regulate economy - New Deal = three New Deals - "the only thing we have to fear is fear itself"
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First New Deal |
Characterized by immediate relief efforts and financial system reforms
Bank Holiday announced on March 6, 1933 - every bank ordered to close doors and auditors sent out to check books and see which banks immediately needed closing, ends unsure panic - Reconstruction Finance Corporation (RFC) - guarantee that Feds would put money in remaining banks - Federal Deposit Insurance Corporation (FDIC) - guarantee that everyone's account up to $10,000 would be repaid by gov if lost
"Alphabet Soup" refers to pile of acts - CCC - FDR recognized it was dangerous having young men roaming streets unemployed, work camps where they are given food and board, salary goes back to their family - PWA - government paying people to do public works - AAA - paid farmers to not plant crops and rounded up agricultural surplus, surplus slaughtered and destroyed - controversial, as ppl were starving - FERA - first time ppl could collect unemployment check - TVA - still exists, created massive gov project to provide electricity using Appalachian Mountains, hydroelectric dam - NIRA - forces businesses and workers to agree on prices for goods in stores, set fair labor wages, businesses/unions wrk things out - RA - rich Americans pay "fair share" in tax, any American who makes more than $5 mil salary gets 75% income tax
Didn't get any better |