Causes and Effects
This happens when nations become fierce competitors in production and exports, making economic cooperation more difficult.
What is increased global competition?
The social security act was signed by President Roosevelt in 1935. It created the social safety net and old-age benefits. It protected the elderly and unemployed, but excluded farmers and domestic workers who were already facing setbacks. This is one major setback farmers faced in the years leading up to the creation of the Social Security Act (1930-1936).
What is the Dust Bowl?
Many Americans supported the New Deal for three main reasons. Two of them are vital reforms, and economic relief. This is the third main reason.
What is job creation?
This New Deal law allowed cities who needed money the opportunity to keep providing basic services such as police and fire departments, until it was deemed unconstitutional.
What is the Municipal Bankruptcy Act of 1934?
This economic crisis helped shape modern America by leading to government programs, financial regulations, and safeguards that help reduce the impact of today's recessions.
What is the Great Depression?
This system was created to protect the U.S. economy from crises like the Great Depression by controlling money and interest rates but failed to do so and may have actually helped cause it.
What is the Federal Reserve System?
The Wagner Act was created by Senator Robert F. Wagner from the big apple state. It allowed workers to organize and form unions. Additionally it prohibited unfair labor practices, and created the National Labor Relations Board. But ultimately failed due to employer resistance, legal challenges, and economic shifts. This is the state Robert F. Wagner represented in the senate.
What is New York?
The New Deal strengthened one political party as minorities and marginalized communities joined it, this is the party was strengthened.
What is the Democratic party?
This program created thousands of jobs because of the massive dam construction.
What is the Tennessee Valley Authority (TVA)?
Created in 1935 after the Great Depression, this program still provides retirement income to millions of Americans today.
What is the Social Security Act?
This act was signed into law by Hoover in an attempt to raise tariffs but then backfired when other countries put tariffs on our exports and shut down American trade.
What is Smoot-Hawley Act?
The Civilian Conservation Corps was created by Franklin Roosevelt to provide jobs and vocational training to young men. It was one, if not the most successful program in the New Deal creating lasting infrastructure, but ended when the focus shifted to WWII and the young men were drafted to war. This is Conservation work.
What is work protecting and managing natural resources?
The New Deal was supported by many because it offered hope in the great depression, but also opposed by conservatives because they feared the federal government was growing too much. In the end, this happened to federal power.
What is increased?
This law in the New Deal aimed to ease the Great Depression’s crop oversupply, but ended up being deemed unconstitutional due to too much power given to the federal government.
What is the Agricultural Adjustment Act of 1933?
The economic cycle is the natural fluctuation of economic growth and decline. The U.S. still experiences periods of expansion and contraction. During the Great Depression, the U.S. was at its lowest point of the economic cycle, this term describes the lowest point of the economic cycle.
What is the trough?
In this year, unemployment reached its peak at 25% with almost 15 million people out of a job.
What is 1933?
The works progress administration was run by Harry Hopkins and backed by president Roosevelt. It employed millions on public works like roads, and provided relief by giving income and purpose. But was marked as a failure by conservative opposition stating it fostered dependency and harmed work ethic. The administration funded three different creative fields of work. These are some of the fields it funded.
What is art, theater, and writing?
Conservatives were angered by the New Deal programs and feared the government was threatening capitalism and promoted a different political and economic concept. This is what conservatives fear American economics and the government were moving towards.
What is socialism?
This program used federal funds to create public projects, which employed millions to help stabilize the economy.
What is the Works Progress Administration (WPA)?
Herbert Hoover signed the Smoot-Hawley Tariff Act in 1930. This raised U.S. tariffs dramatically on over 20,000 imported goods. However, this backfired and other countries proceeded to do the same. This caused a collapse in global trade. This organization today helps moderate fair trades.
What is the World Trade Organization (WTO)?
During the Great Depression, this economic event occurred when frightened depositors rush to withdraw their money, causing thousands of banks to fail and billions of dollars to be lost.
What is a bank run?
All programs created in the New Deal fell into one of three categories known as the “three R’s”. This is all three of the categories.
What is relief, recovery, and reform?
Conservatives felt that federal intervention in certain areas like agriculture infringed on states authority. A certain group in the judicial branch of the federal government agreed and struck down multiple different programs.This group would have the constitutional power, and be the ultimate interpretation of the constitution to strike down programs like the NRA and AAA.
What is the supreme court?
This was the reason a portion of the National Industrial Recovery Act was deemed unconstitutional.
What is giving too much power to the executive branch and violating separation of powers?
During the Great Depression in 1929, the stock market crashed, causing the banks to run out of cash. This program originated from this to guarantee the safety of peoples money in the bank.
What is the Federal Deposit Insurance Corporation (FDIC)?