code writing blue eagle stamp regulate economy self-governed industry nationwide rescue legislation
TRANSCRIPT
Code writing
Blue Eagle Stamp
Regulate economy
Self-governed industry
Nationwide rescue legislation
National Recovery Act
National Recovery Administration
TWO GOALS: Create fair practices in industry by:
1. Setting prices of goods.
2. Setting minimum wages for workers.
CONTROVERSIAL: Violated the Free-Enterprise System.
Business owners abused it.
Civilian Conservation Corps
Young Men
Work Camps
Reforestation
Unemployment Relief
Road Construction
Civilian Conservation Corps
3 million men between the ages of 18-25.
WORK DONE: Plant trees, build roads, build parks, build bridges, flood control.
Overwhelming SUCCESS: Improving the lives of workers and fixing the environment.
• Federally Owned• Modernize Agrarian Society• Very Controversial• Electricity• Dams, Energy Plants
TVA, Tennessee Valley Authority
Tennessee Valley AuthorityWHY? Half of the people in the Tennessee Valley were in poverty. Deforestation and flooding had left the land infertile.
What did this do? Would produce and sell cheap electric power, control floods, replant forests, etc.OVERWHELMING SUCCESS, but controversial because critics said it “reeked of Socialism.”
What Am I?
Parity Pricing
Rose Prices
Immediate Relief
Destroyed Goods
Farmers
Agricultural Adjustment Administration
Agricultural Adjustment Act
The AAA sought to raise crop prices by lowering production.
Overproduction- The government paid farmers to NOT farm land, and to plow over crops.
Falling prices- By decreasing the surplus of farm goods, the government raised the prices of goods sold.
Provide Jobs
Economic Stimulus
Public WelfareAmerican Industry
Public Construction
Public Works Administration
Public Works AdminstrationWORK DONE: Large scale engineering
projects, like highways, bridges, power plants, and dams.ACCOMPLISHMENTS: Golden Gate Bridge, Hoover Dam, Grand Coulee Dam.
DIFFERENCES: THE CWA was all about relief and getting money in peoples’ pockets. The PWA was about providing work and ALSO helped encourage recovery.
Critics speak…
American Liberty League “You’ve gone too far.”
Rev. Townsend - “Needy people still aren’t being helped.”
Huey Long – “Let’s take money from the wealthy and divide it amongst everybody.”
SSA (Social Security Act)
Old age pension
Upton Sinclair and Huey Long getting their way
Excluded farmers and domestic workers
Unemployment help- better lose a job first
Employers and employees working together
Social Security Act• Senior Citizens• Unemployed People• Families with dependent children
“Old Age Insurance” Half from workers and Half from employers
Unemployment checks come from a tax on Employers.
Federal Deposit Insurance Corporation
• Glass-Steagall Act• Government oversight• Trust in banks• Insured money• Banking Act
FDIC
The government will insure any bank accounts up to $5,000 then and $100,000 now.
Hoped to boost the confidence people had in banks and encourage them to get their money back in the banks.
1. 19352. Magna Carta for
labor3. Trade union4. Collective bargaining5. AKA Wagner Act
National Labor Relations Act
The Wagner Act is the most significant law ever passed in the history of the Labor movement.
Government backing of your ability to join a union AND bargain with your boss for improvements.