Ch 22.2-.5 Notes
Second Hundred Days 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 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….. Works Progress Administration (WPA) 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 Provides financial aid but student must work part time at the school
More programs…… 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 Old Age Insurance for retirees 65 and older, supplemental retirement plan Unemployment Compensation Aid to families with dependent children and the disabled
Roosevelt Recession Despite FDR’s best efforts (and spending) Depression does not go away after 1st term Unemployment 25% 1932 to 15% 1937 “Roosevelt Recession”- 1937 Social Security cuts pay Risk of Spending and cut backs Economics according to John Maynard Keynes
The Truth: 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 Too Much Spending and Waste with little accomplishments Socialism Increased Debt “Case of the Gimmies”