Fed Reserve Board feared inflation rise and limited supply of $ in US econ
1 of 15
EVAL:
4M jobs lost // Oct 1937 stock crash, 17M shares sold // unemp spiral, WPA relief rose 500% // GNP drop 13% -LOSS OF CONFIDENCE
2 of 15
CHANGING ROLE OF FED GOV
ND restored faith in the gov - changed politics for the better, no corruption // Ickes's big for social change
3 of 15
EVAL:
divided US, belief gov was Comm (Rooseveltski) and undermin US vals and local gov
4 of 15
UNEMPLOYMENT AND WORKERS - created Ms of jobs, 1/5 US w.force
1935 SSA made unemp a fed responsibility & unemp insurance
5 of 15
EVAL
unemp never fell below 14%, 17.2& '39 // 4M jobs lost in recession // not until WW2 till figs dropped // NRA failed // 27% w.force in TU 1940
6 of 15
ECO RECOV/REFORM
prevented eco collapse but didn;t bring complete recov// Emergency Banking Act and Glass-Steagall Act stabilised banks
7 of 15
EVAL
FDR's attempts to stab US currency probs did more harm than good (Gold and Silver Acts) // Domestic>No trading with EU // sharper eco decline than 1929 - GNP fell 13%
8 of 15
INFRASTRUCTURE - ND transformed US infra, lasting impact
WPA led to large infra projects - CCC big devel e.g. Yellowstone // TVA navigable etc // REA provided mass electricity 1941 40% elec
9 of 15
AFRICAN AMERICANS - advancements but still 2nd class cits
350K benefit from WPA and ND agencies - jobless AF-Ams fell 20% // Ickes insured jobs, quotas for PWA projects // slum clearance and housing
10 of 15
EVAL
discrim - no work, low wages or worse treatment - Sharecroppers AAA. CCC segregation AND no laws to stop lynching or segregation
11 of 15
WOMEN - some women in higher positions
CCC camp: She She She// 1940: 12.5M in work // Mary Macleod Bethune special advisor in minority affairs and chairperson in Black Cabinet , Director of ***** Affairs Divison
12 of 15
ELEANOR ROOSEVELT and FRANCIS PERKINS
Championed position and EMs, advocate for civil rights, met head of NAACP // Perkins - first cab minister, helped estab CCC, created SSA '35, Fair Lab Standards Act - fed min wage
13 of 15
EVAL
most of ND programmes helped men // local gov tried to avoid paying Social Security payments to women
14 of 15
NATIVE AMERICANS
Indian Reorg Act, 1934, helped provide money to buy and improve land // helped to preserve nad practive trads, laws and cult BUT remained por and excluded
15 of 15
Other cards in this set
Card 2
Front
EVAL:
Back
4M jobs lost // Oct 1937 stock crash, 17M shares sold // unemp spiral, WPA relief rose 500% // GNP drop 13% -LOSS OF CONFIDENCE
Card 3
Front
CHANGING ROLE OF FED GOV
Back
Card 4
Front
EVAL:
Back
Card 5
Front
UNEMPLOYMENT AND WORKERS - created Ms of jobs, 1/5 US w.force
Comments
No comments have yet been made