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Social Security Act
help the widespread poverty among senior citizens |
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| works public administration |
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| Securities and Exchange commission monitored the stock company |
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| Federial Deposit Insurance Corp protected bank depositor's money in case the bank failed |
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Civilian conservation Corps
work relief jobs-building bridges, hospitals parks, etc |
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| Franklin Delano Roosevelt |
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elected in 1932-inaugurated in 1933
brought in New Deal and alphabet soup agencies to relieve economic disasters |
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| time when FDR created the alphabet soup agencies-FDR sent congress a pile of new bills to help the people |
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in midwest-effects were nationwide
caused by abuse of farmland
soil turned to powdery dust
prarie winds made dust storms |
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| unequal distribution of wealth-people lost homes and had to live wherever they could in boxes and in shantys |
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| newspapers used as blankets during depression |
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| radio broadcasts by FDR to communicate information to the american people |
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| place where shares of businesses' are bought and sold |
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| Oct 29, 1929 stock market fell-billions of dollars were lost-rich people lost everything. People who bought stocks and borrowed money from banks to pay for them lost money and could not pay the banks back. Banks lent people money with customers savings, which caused the customers to become bankrupt. |
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| people couldn't pay back loans, 25% of banks cloaed by 1932 |
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| no regulations to protect people money in the banks-weak and unenforced rules |
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| ww I solderiers were not given their cash bonuses and they protested |
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public works administration
helped build housing for poor |
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| Federal Housing Adminstrationpeople paid small amount of money for a down payment on a house. Guarantee against people losing their homes |
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| Agricultural Adjustment Act adjusted farmer's production of stuff-governmemt paid farmers to plant fewer crops |
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National Youth Administration-
provided financial and work assistance to unemployed youth and money to help them with college |
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| economic, agricultural, psychological |
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| causes of great depression |
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crash of stock market
overproduction of goods
abouse of farmland
unequal distribution of wealth |
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| President during beginning of depression |
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| black tuesday-stock market crashed-people went to banks to get their money-banks closed-people lost all their money |
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| buying stocks using bank loans |
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| industrial responses to overproduction |
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| factories closed because they had too many goods-people lost jobs-rise in unemployment |
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| 1 % of the people had 59% of the wealth in the U.S. |
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| Three R's of the Hundred Days |
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Recovery-help for industry and agriculture
Reform-change in way our economy worked
Relief-helped hungry and homeless |
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| 5 new programs passed including welfare and social security reform 1935 |
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