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1931-1940 Walt Disney introduces the seven dwarfs in 1937. Although the 1930’s were influenced by social and political alterations, it was ultimately the economic change, with FDR’s, “New Deal”, that perpetuated the nation to further conditions of modernized society. Causes: Began with stock market crash in October of 1929. Bank failures. Reduction in purchasing. American economic policy. (Europe) Drought conditions. Effects: Reduction in tax revenues, profits, and personal income. Consumer demand increase. Major increase in homelessness, unemployment, and poverty. Debt throughout the world. FDR’s famous reaction and designated solution to alleviate the economic hardships that the nation currently suffered from. The name that many people called Roosevelt’s New Deal plans, because of the acronyms. Example- NRA, FCIC, TVA, WPA, etc. The initial act of FDR’s 3 R’s program. With this act, the president could regulate banking transactions, foreign exchange, and reopen solvent banks, thus banks would be more sustained. In effect until February 1934, Congress, instructed by FDR, increased the circulation of the dollar by purchasing gold at increasing prices. Although successful, the standard price for gold was eventually reset. Though it is often perceived that the nation was carried out of the Great Depression by FDR’s New Deal operations, the economy also fell into what is referred to as a “depression within a depression”. This eventually led to Roosevelt’s revised New Deal policies The Wizard of Oz, 1939. CCC, under FDR’s New Deal, provided employment in government camps for a large percentage of young men. CCC benefited the environment and those employed in various ways, thus making it a prominent chapter in the New Deal. The CWA granted temporary jobs to those in poverty, or nonetheless trying to survive through the winter. It was highly effective and very popular to many unemployed. “The only thing we have to fear is work itself” –quote from ‘scoffers’ in The American Pageant One of Roosevelt’s first New Deal Programs. Allowed industries to create laws of fair competition. Set minimum wages. Set maximum hours. Benefited the average worker. Declared unconstitutional by Supreme Court. Later passed Wagner Act, which included many of the same policies as the former NRA. Started as one of FDR’s New Deal programs. Covered unemployment insurance. Benefits for retirement, survivorship, disability, and death. Is still around today. Controversial. Beneficial, to many. Includes Medicare and Medicaid. Smoot-Hawley Tariff Act, raised tariffs on thousands of imported goods, worsened depression. Attempts to salvage economy, Emergency Relief Construction Act, and Revenue Act, both in 1932. Did not sufficiently help American economy before and during the Great Depression. President 1929-1933 Blamed for “Hoovervilles”, during Great Depression. - Towns named after the disappointment and frustration poverty stricken Americans felt with the former president. Adolf Hitler and Benito Mussolini. (outbreak of World War 2, 1939) The importance of FDR being elected over Hoover is prominent. Without FDR’s policies and New Deal influenced society, the economy would have continued to suffer under harsh conditions and eventually be buried by the Great Depression. March 9-June 16, 1933, FDR assembled a Democratic Congress to work towards his aspirations clarified in his New Deal. Fascist regime: - goals to repudiate the demands of the Treaty of Versailles. -Persecuting Jews and other races out of German society. - Expanding German territory. Hitler pulls Germany out of the League of Nations. Adolf Hitler; Germany, 1933. Causes: -Treaty of VersailleMajor consequences and reparations for Germany after WW1. Effect: - Helped increase economic stability within the Nation. Internethttp://www.u-shistory.com/pages/h1569.html http://en.wikipedia.org/wiki/File: Lange-MigrantMother02.jpg jpg http://en.wikipedia.org/wiki/File: Hitlermusso2_edit.jpg http://www.thegrhttp://www.us-history.com/pages/h1569.html eatdepression.co.uk/wpcontent/img/childinTGD.JPG http://en.wikipedia.org/wiki/Gre at_Depression http://en.wikipedia.org/wiki/Nati onal_Recovery_Administration http://www.ushistory.org/gov/i mages/00022725.jpg Other: The American Pageant – Thomas A. Bailey.
