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