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Great Depression Causes & Effects on Economy?
Causes: Stock Market crash, Bank failures, overproduction & over speculation, trade decline
Effects: Mass unemployment, poverty, business collapse, deflation
Hoover vs. FDR Responses
Hoover: Limited govt., voluntary aid, balanced budgets
FDR: Active federal intervention, direct relief, public jobs, deficit spending
FDR’s New Deal & Impact on Govt. Implementation
Relief: (jobs and aid)
•FERA (Federal Emergency Relief Association)
•CCC (Civilian Conservation Corps)
-U.S voluntary work relief program for young men
•WPA (Works Progress Administration)
-Employed millions of jobseekers to carry put public works projects
Recovery: (stimulate economy)
•NRA (National Recovery Association)
-eliminate "cut throat competition" by bringing industry, labor, and government together to create codes of "fair practices" and set prices
•AAA (Agriculture Adjustment Act)
-boost agricultural prices by reducing surpluses
Reform: Social Security, SEC, FDIC (protect economy)
New Deal Impact & Ideas of Modern American Liberalism
Expanded govt. role, created limited welfare state
Redefined modern liberalism with social safety nets
Explain liberal and conservative criticisms of the New Deal, including how the Supreme Court sought to limit the New Deal’s scope.
Liberals: Too moderate
Conservatives: Govt. overreach
Court initially blocked some programs
Political Changes
Built Democratic coalition: workers, immigrants, African Americans
Shifted US politics toward active govt. and social welfare
How did the Great Depression & WW2 result in Americans moving to cities for jobs?
Depression & WWII caused rural-to-city move for jobs in factories