Great Depression and New Deal Study Guide:
Causes/Effects of the Great Depression: widespread banking failures. The banks invested people’s money in the stock market and created major losses. Goals of the New Deal- three goals: relief for the needy, economic recovery, and financial reform Causes of the Dust Bowl
The Bonus Army
The Crash of 1929
Herbert Hoover- was the president at the start of the great depression. He was the republican nominee but he realized later that he had no more he could do. Franklin D. Roosevelt- was the democratic nominee for office against President Hoover; he was known popularly as FDR, a two-term governor of New York and a distant cousin of former President Theodore Roosevelt. He created the New Deal. Huey Long-
Social Security Act- This act established a system that provided old age pension for workers, survivor’s benefits for victims of industrial accidents, unemployment insurance, and air for defendant mothers and children, the blind and physically disabled.
| Fair Labor Standards Act- This banned child labor and set a minimum wage. This law was a long awaited triumph for the progressive-era social reformers.
| National Labor Relations Act (Wagner act) - Reestablished the NIRA provision of collective bargaining. The federal government again protected the right of workers to join unions and engage in collective bargaining with employers. Also prohibited unfair labor practices such as threatening workers, firing union members, and interfering with union organizing.
| Works Progress Administration- Set out to create as many jobs as possible as quick as possible. The WPA constructed or repaired schools, hospital, airfields, etc. Between 1935 and 1943, it spent $11 billion to give jobs to more than 8 million workers, most of them unskilled. They build 850 airports, constructed/repaired 651,000 miles of roads and streets and put up more than 125,000 public buildings.
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