REFORM: restored publics confidence in stock markets required securities disclosure(if a business was failing, the person invested would be notified) created SEC-Securities and Exchange Commisosion-to regulate stock market. RECOVERY: built a dam on the Tennesse River generated energy, flood control, provided jobs criticized b/c it effected public industry, kicked people out of there homes in which the gov paid for, and created socialism. RECOVERY: Gave jobs to artists, photographers, writers 1935-45 criticized b/c people thought it was a waste. RECOVERY: $3 billion for construction projects schools, dams, hospitals, aircraft carriers shutdown in 1941 RECOVERY: gave jobs to men (18-25) in national parks $30 a month criticized b/c they're were segregated camps. RELIEF: gave jobs to people, ran by harry hopkins gave $500 million to states used for poor criticized b/c they didn't want people relying on welfare. (Reform)Closed down all banks for a couple days to restore publics confidence in the banks. Recovery: work programs Reform: changing the economy/programs making them better. Relief: direct aid($) to states and people. Vets were supposed to get money after war, after the depression they needed it asap banks couldn't pay them they marched to DC and camped out military ran them out killing people and children.
RFC- Reconstruction Finance Corporation- gov loans to banks,railroads, and insurance companies.ĮRA-Emergency Relief Act-fed gov loans to states for direct aid. Rugged Individualism- "pull yourself up by your bootstraps", telling the people to fix it on their own, lassez-faire. Overuse of land made the land unusable, then the top soil blew everywhere leaving everything covered in dust, making the depression worse. Soup Kitchens, Bread lines, Evictions, Foreclosures, Hobos, and lack of econ prosperity. Poor people took random items to make shelters out of, called hoovervilles b/c they blamed hoover for not doing anything. Weak Foreign Trade-after WWI, foreign economies were too weak to trade. Unequal Distribution of Wealth- poor had nothing, rich were fine. Overproduction-making too many goods, in which consumers didn't have enough money to buy them. Margin Buying-buying into a stock and after it fails, having to pay back the stock broker.įorced Selling-selling stocks for less then you bought them for. Speculation-people thinking the stock market was high in worth, and then it crashed APUSH Ch 24-27 New Deal, WWII, Cold War Question