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The great depression (Consumerism in the 1930ś (consumerism in the…
The great depression
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FDR and New Deal
TVA The Tennessee Valley Authority is a federally owned corporation in the United States created by congressional charter on May 18, 1933, to provide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development to the Tennessee Valley, a region particularly affected by the economy
FDIC The Federal Deposit Insurance Corporation (FDIC) is an agency of the U.S. government that insures deposits in banks and thrift institutions, supervises the risks associated with these insured funds, and limits the repercussions on the economy when a bank or thrift institution fails.
3 R's Relief, Recovery and Reform. Summary and Definition: The Relief, Recovery and Reform programs, known as the 'Three R's', were introduced by President Franklin D. Roosevelt during the Great Depression to address the problems of mass unemployment and the
CCC: is an innovative federally funded organization that put thousands of Americans to work during the Great Depression on projects with environmental benefits.
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Banking Crisis
Bank mistrust: People didnt trust the bank at these times or past the great depression in worry of loosing their money again. If they bank cant support their funds or give insurance on them then people were pretty much forced to keep their money so they wouldnt have to worry.
Federal Reserve : : act - Milton Friedman argued that the economy was strong during the 1920s until 1929 when a typical economic downturn occurred. He had believe that the economic recession turned into a depression because the Federal Reserve did not print enough money between 1930 and 1933.
Second new deal
Social Securiuty Act: Was established on august 14, 1935, The Social Security Act was established as a system of old-age benefits for workers, benefits for victims of industrial accidents, unemployment insurance, and etc..
Wagner act: Was a labor law which guarantees basic rights of private sector employees to organize into trade unions, engage in collective bargaining,etc
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Huey Long
share the wealth program- "Share Our Wealth" was a movement that had began 1934 of Feb, during the Great Depression. it was created by Huey Long which was a governor then later United States Senator from Louisiana. Huey Long first proposed the plan on national radio address, which is now referred to as the "Share Our Wealth Speech".
Court Packing Scheme: The Judicial Procedures Reform Bill of 1937 Aka: the "court-packing plan" was a legislative initiative proposed by U.S. President Franklin D. Roosevelt to add more justices to the U.S. Supreme Court