www.buschistory.net topic 20 – the great depression

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Different Approaches to the Same Problem www.buschistory.net Topic 20 – The Great Depression

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Different Approaches to the Same Problem

www.buschistory.net 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

Competing Ideas

Competing Ideas

• 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

Competing Ideas – A Comparison

• 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

1929 49.2 1.6 3.21930 49.8 4.3 8.71931 50.4 8 15.91932 51 12.1 23.61933 51.6 12.8 24.91934 52.2 11.3 21.71935 52.9 10.6 20.11936 53.4 9 16.91937 54 7.7 14.31938 54.8 10.4 191939 55.2 9.5 17.21940 55.8 8.1 14.61941 55.9 5.6 9.9

Labor Force and Unemployment 1929-1941(In Millions)

  Schecter Poultry Corp. v

The United States -1933  --Federal Gov.t cannot

regulate Intrastate trade-   United States v Butler -

1933 -- AAA of 1933 struck

down--   National Labor Relations

Board v. Jones & Laughlin Steel Corp. - 1937

Court Packing – 1937

FDR wanted to add a new judge for every judge over 70

Pivotal New Deal Supreme Court Challenges 

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

FDRisms

Still in our lives Today…

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 rightsCollective Bargaining