Sunday, January 31, 2010

FDR & The New Deal

1. Describe how people struggled to survive during the depression.
Many people had to go to soup kitchens for something to eat because it costed little. since people had lost their jobs they were kicked out of their homes and forced to live on the street. People also lived in Shantytowns, which were areas that had a lot of shacks in them. The shacks were made out of whatever peolple could find. There was also a lot of racial violence, and people who were of Latino or African American race were deported, even though most of them had been born in the US.
Many farmers could provide for their families becasue they could grow food, but some were kicked out of their land.

2. How was what happened to men during the Great Depression different from what happened to women? Children?
Many women were against begging becuase they did not waqnt to advertise their poverty. Instead, they sewed clothes and managed tthe household budget. Some women had jobs but they were against it becasue there were so many unemployed men. Men lost there jobs during the great depression, when they couldnt find work,, some even left there families. Children were often malnourished and sick, so school was shortened for them. Teenagers would travel around trying to find jobs and work in sweatshops to help support there families.

3. Describe the causes and effects (on people) because of the Dust Bowl.
The dust bowl was where farmers had gotten rid of a protective layer of dirt with tractors in preparation for growing crops there. this loosened the dirt and wind swept it hundreds of miles. Many farmers had to leave for california in order to find jobs for there families after this point.

Objective: Summarize the initial steps Franklin D. Roosevelt took to reform banking and finance.

4. What was the New Deal and its three general goals? (The 3 Rs)
The New Deal was a program FDR devised to target the main problems of the depression and alleviate them;relief for the needy, economic recovery, and financial reform.

5. What did Roosevelt do during the Hundred Days?
Congress passed more than 15 major pieces of New Deal legislation. These laws expanded the federal government's role in the nation's economy.
Roosevelt declared a bank holiday to prevent further withdrawals. He persuaded congress to pass the Emergency Banking Relief Act which authorized the Treasury Department to inspect the country's banks. Banks that were stable reopened, the ones that were not stayed closed.


6. Why were Roosevelt's fireside chats significant? These were important because it seemed like FDR was directly talking with the people. The New Deal was explained in an easy to understend vvocabulary so that evertone could understand what the new deal was and how it planned to work. It brought America closer toegether as a whole becasue everyone could understand what was going on and the information was easy to access

7. Describe four significant agencies and/or bills that tightened regulation of banking and finance.
The Glass-Steagall Act of 1933 established the Federal Deposit Insurance Corporation which provided federal insurance for individual bank accounts, reassuring millions of bank customers that their money was safe.
The Federal Securities Act of 1933 required corporations to provide complete information on all stock offerings and made them liable for any misrepresentations.
In June of 1934, Congress created the Securities and Exchange Commission to regulate the stock market. One goal of this commission was to prevent people with inside information about companies from rigging the stock market for their own profit

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