Topic 20 – The Great Depression
Hoover’s Trickle Down Plan Gov’t Loans to Business New Investment and Plant Expansion New Jobs Increased Production More Wages in Circulation Demand Increases
New Profits New Jobs Plant Expansion New Investment Increased Demand New Money in Circulation Relief Payments and Temporary Jobs on government projects FDR’S Pump Priming
Hoover’s Trickle Down Plan Gov’t Loans to Business New Investment and Plant Expansion New Jobs Increased Production More Wages in Circulation Demand Increases New Profits New Jobs Plant Expansion New Investment Increased Demand New Money in Circulation Relief Payments and Temporary Jobs on government projects FDR’S Pump Priming
YearLabor Force Number Unemployed% Unemployed Labor Force and Unemployment (In Millions)
Schecter Poultry Corp. v The United States -- Federal Gov.t cannot regulate Intrastate trade- United States v Butler -- AAA of 1933 struck down- - National Labor Relations Board v. Jones & Laughlin Steel Corp National Labor Relations Board v. Jones & Laughlin Steel Corp. Court Packing – 1937 FDR wanted to add a new judge for every judge over 70
The New Deal The First 100 Days: March 9-June 6, 1933 The 3 Rs – RELIEF-RECOVERY-REFORM Bank Holiday The Second New Deal Alphabet Soup Court Packing – 1937 Roosevelt Recession
FDIC (up to $250,000) Social Security – Money for the elderly, disabled and dependent children Indian Reorganization Act – dedicated land for Indian tribes Minimum Wage Laws Tennessee Valley Authority(TVA) – A series of Dams and Hydro Electric plants providing electric power to the Tennessee Valley Security and Exchange Commissions(SEC) - Regulates the Stock Market and Investment Practices. National Labor Relations Act (Wagner Act) Worker’s rights Collective Bargaining