Great+Depression+&+New+Deal


 * 1) Causes of Great Depression
 * 2) Speculation
 * trend of buying on the margin
 * 35% interest rate in the stock market -- doubled in 2 years
 * 1) Tariff
 * Smoot–Hawley Tariff : raises 40% on agriculture
 * 1) Government
 * sympathetic towards big businesses
 * the upper class 20% became richer & the lower class 60&% became poorer
 * 1) Hoover's Failures
 * 2) Associationalism- cooroperation and negotiation fails
 * 3) Aggressive Policies- welfare is being manipulated
 * 4) Bonus Army- Vets were to recieve a bonus 30 yrs. after they served either to their families or themselves. But some wanted it earlier and started rioting in front of white house, Tear Gas was sent into these crowds and injured 100 vets and the death of 1 baby.
 * 5) Hoovervilles- also knowns as "shanty towns" for homeless.
 * 6) Franklin D. Roosevelt
 * 7) Liberalism- gov't should be involved in economy but not in morals of the people.
 * 8) First New Deal- FDR tried lowering the supply. "the only thing he have to fear, is fear itself"
 * 9) Banks- 8000 banks failed within the 1st year of the G.B.
 * 10) Economy- CCC=civilian conservation corps & CWA=civil works association
 * 11) Agricultural- AAA= agricultural adjustment admin., they would pay the farmers to under produce.
 * 12) Industrial- NRA=national recovery association; raised minimum wage and gave specific hours for working.
 * 13) Infrastructure- PWA= Public Works Association; the Hoover Dam was built/ TVA= Tenn. Valley Authority; privatized group in control of rivers and parks.
 * 14) Political Unrest & Mobilization
 * 15) Huey Long- encouraged socialism
 * 16) Father Charles Coughlin- catholic priest on radio, starts to add into his speeches anti-jew related words.
 * 17) 2nd New Deal
 * 18) Keynes- new type of economics, demand side of economic stand point, which raises the equilibrium.
 * 19) Social Security Administration- Helps elderly, poor, single mothers, people with disabilities....
 * 20) National Labor Relations Act- income tax raised to 75%, tax wealthy more
 * 21) Works Progress Administration- Public goods came out of this
 * 22) Technocrats- intellectual sophisticated people, who liked the New Deal and thought they could only fix the complex social problems.
 * 23) Minorities & The New Deal
 * 24) New Immigrants- chance for upward mobility; Asia & Southern Europe
 * 25) African Americans- Benefited as long as they were not in the south
 * 26) Mexican Americans- got the worse treatment; 500,000 deported back to Mexico, legal or not
 * 27) Native Americans- Protected tribes "BIA"
 * 28) International Policies
 * 29) Recognition of the Soviet Union (USSR)- FDR recognizes them as a country/ for trade
 * 30) Good Neighbor Policy- wont intervene in Latin American Affairs
 * 31) Mussolini & Hitler- both for Fascism=military dominated