History 112

Topics: New Deal, Inflation, Retirement Pages: 3 (347 words) Published: April 17, 2013
History 112

* haymarket strike
1894 * Pullman strike

***Agriculture recovery***
-farm security administration
* assist the rural poor
* loans to tenant farmers/ sharecroppers to buy land
* only modesty appropriated - 2% obtained loans
*** new deal& agriculture ****
- overall
- the new deal hastened transition of farming in to a business - only efficient and well capitalized farms were successful

***Relief of unemployment & destitute ****
*1993 reconstruction finance corporation
-$500 MM in assistance to 1/6 of the population
- modest payments but avoided starvation
* civilian conservation corps
- young males worked in public lands
* public works administrations
- 1993 failed to put many people to work
* works progress administration
- 1935 spent $5 billion putting the unemployment on the federal payroll, skilled / unskilled, artists, actors, writers.

*** WPA & Progress***
* eased the burden
* failed to overcome the recession
* did not spend enough money
* did not increase consumer purchasing power
* prompted more radical alternatives
* alternatives challenged conservative nature
* FDR forced to shift to the left

—Austerity> is when the government gets worried bout our debt. Converted, industrial> consumer
Taxes goes up, and spending goes down

*** challenge by those discontent***
- Midwest progressives & agrarian radicals
-Minnesota governor Floyd Olsen
- textile plant strikes shutdown mills in 27 states
- father Charles coughlin-Detroit
* monetary inflation & nationalization of banking
- dr. Francis Townsend - California
* $200 month pension - 30 day rule
- Huey long- senator from Louisiana
* share the wealth movement
* every man a home ($5k) & annual income ($2.5k)
* seize fortunes over $5mm
* tax of 100% on income over $1mm

**** social security act****
• old age pensions funded by employers/ workers...
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