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December 11, 2018 Modern Issues in the U.S. Agenda: DO NOW: Term Matching NOTES #21: How has the U.S. government historically attempted to help the U.S. economy? (Part 1) CLASS ASSIGNMENT: “New Deal Programs and Evaluating the New Deal”
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How has the U. S. government historically attempted to help the U. S
How has the U.S. government historically attempted to help the U.S. economy (Part 1)? Notes #21
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In 1932, Franklin D. Roosevelt was elected president, after promising government intervention to solve the Great Depression.
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Roosevelt’s plan was called the New Deal, which changed the U. S
Roosevelt’s plan was called the New Deal, which changed the U.S. economy by increasing government involvement in business and labor.
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Popular New Deal programs included:
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Civilian Conservation Corps Works Progress Administration
1. Civilian Conservation Corps and Works Progress Administration: provided jobs for unemployed workers. Civilian Conservation Corps (CCC) (1933) Works Progress Administration (WPA) (1935) 6
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Agricultural Adjustment Act
2. Agricultural Adjustment Act: paid farmers to take land out of production. Agricultural Adjustment Act (AAA) (1933)
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National Labor Relations
3. National Labor Relations Act (Wagner Act): legalized collective bargaining for labor unions. National Labor Relations Act (1935)
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Federal Deposit Insurance Corporation
4. Federal Deposit Insurance Corporation (FDIC): insured savings accounts in banks. Federal Deposit Insurance Corporation (FDIC) (1933)
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Securities and Exchange
5. Securities and Exchange Commission (SEC): regulated stock market activities. Securities and Exchange Commission (SEC) (1934)
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Roosevelt’s fireside chats
The creation of the FDIC and the SEC attempted to restore public confidence in financial institutions. Roosevelt’s fireside chats
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Through the New Deal, a safety net was established to protect the poor. . .
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Father Charles Coughlin
. . . however, many critics of the New Deal argued that it made Americans too dependent on the U.S. government and endangered capitalism. Social Security Act (1935) Father Charles Coughlin
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