Download Ch 22.3-.5 notes - Beaufort County Schools

Ch 22.2-.5 Notes
Second Hundred Days
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Started in 1935, builds off programs set up in 1st
Hundred Days
Economy doing better but still not back to normal
Roosevelt re-elected in 1936
**Of note, election of 1936 was first time majority of
African Americans voted Democrat and not
Republican and first time labor unions gave united
support to a presidential candidate.**
Help for Farmers
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Thousands of farmers lost their homes and
land
AAA unconstitutional so gov’t creates: Soil
Conservation and Domestic Allotment Act:
pays farmers for cutting production and
rewards farmers for practicing good soil
conservation techniques
1938 Congress approves the 2nd AAA, same
as first but with minor changes
More ABC Soup…..
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Works Progress Administration (WPA)
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Goal is to create as many jobs as fast as possible
1935-1943 spends $11billion to give jobs to more than 8
million people
Built roads, airports, public buildings, sewing groups, etc
National Youth Administration (NYA), created
specifically to provide education, jobs, and recreation
for young people
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Provides financial aid but student must work part time at the
school
More programs……
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Wagner Act: allows collective bargaining for labor
unions
Fair Labor Standards Act: set max work hours per
week (44) and sets a minimum wage (.25), sets work
rules for those under 16
Social Security Act: 1935
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Old Age Insurance for retirees 65 and older, supplemental
retirement plan
Unemployment Compensation
Aid to families with dependent children and the disabled
Roosevelt Recession
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Despite FDR’s best efforts (and spending)
Depression does not go away after 1st term
Unemployment 25% 1932 to 15% 1937
“Roosevelt Recession”- 1937
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Social Security cuts pay
Risk of Spending and cut backs
Economics according to John Maynard
Keynes
The Truth:
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NEW DEAL HELPS EASE BURDEN OF
GREAT DEPRESSION BUT DOES NOT
SOLVE PROBLEM. WWII GETS US OUT
OF GREAT DEPRESSION. WAR SOLVES
UNEMPLOYMENT PROBLEM..DOMINO
EFFECT
National Debt soars!
Critics of the New Deal
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Too Much Spending and Waste with little
accomplishments
Socialism
Increased Debt
“Case of the Gimmies”