Black Tuesday Dbq Questions And Answers

Roosevelt created the New Deal. Roosevelt, former Progressive, want to radically reform Industrial Capitalism. The New Deal was Roosevelt economic policy to help fix the economy and fix the problems of Industrial Capitalism. Like the Progressives, the New Deal wanted Government to have more control over the economy .The New Deal adopted a “deficit spending” type of economy; this wanted the government to have more control over America’s money. To help stabilize the economy the New Deal created the monetary reform. This end the gold standard created and gave the government more control over the economy. The Mellon Plan created during the Roaring twenties was destroyed, giving the government more money. The New Deal was also able to created more jobs for people in America. The Civilian Conservation Corps and the Works Progress Administration help to employ more people. Also the legalizing of unions help to improve work conditions for the workers. Even though The New Deal was effective at helping workers by creating more jobs and stabilized the monetary system, Industrial Capitalism still had

The New Deal was a specific set of government works programs put into effect by President Roosevelt in response to the Great Depression. The New Deal took action to bring fast economic relief as well as improvements in industry, finance, agriculture, housing, the labor force, etc. The traditional American policy of laissez-faire was opposed in the new democratic promise of the “New Deal”. The majority of the New Deal was enacted in the first couple months of FDR’s presidency, which later became known as the Hundred Days. The first objective was to lessen the hardship of the large amount of unemployed workers in the nation. The Works Progress Administration(WPA) and Civilian Conservation Corps(CCC) were created to establish short term government aid to temporary jobs. The National Recovery Administration (NRA) was created to develop rules to govern trade practices, hours, child labor, wages, and collective bargaining. Also, the New Deal worked to avoid another stock market crash and bank failures.The Federal Deposit Insurance Corporation (FDIC) gave insurance for bank deposits and the Securities and Exchange Commission (SEC) was created to protect the people from stock-market companies committing fraud. An agricultural program , the Agricultural Adjustment Administration (AAA) attempted to raise prices by providing subsidies to farmers to reduce crop production. The New Deal was filled with government works programs to help pull the country out of the Great Depression but,

There was need of new policies and things that would bring the country to stable economy. After there was a huge decrease in the stock market, there had been a time where millions of people were without jobs and fully depended on the government and also there was many bank failures and homelessness. In such a tough time Roosevelt stood his ground and helped the nation by taking the emergency measures at an instant. Despite working so hard the New Deal was often criticized as unprincipled and inconsistent. The New Deal was considered elitist as it had missed to consult the poor people about the legislation they wanted. As Roosevelt tried to save the large-scale corporate capitalism the other historian summed it up that the New Deal was an absolute failure and couldn’t solve the problem of depression, it couldn’t redistribute the income or extend equality or decrease the racial discrimination and segregation. Roosevelt took help from the university professors and experts as advisers who gave him ideas and helped him with the speeches. Roosevelt transferred the authority of the stock exchange from Wall Street to the Washington and the regulatory powers were increased of the Securities and Exchange

After the crash, many business failed, banks closed, and because of that, lots of workers were out of job. Homes and farms had been lost to foreclosure. In 1933, the government finally decided to do something, congress passed the Securities Act of 1933, which required companies that sold stocks and other securities to communicate important information to consumers and set up systems to prevent fraud. The law was strengthened in 1934 when congress created the Securities and Exchange commission (“Black Tuesday”). Herbert Hoover, the president of US during this event, thought the stock market would get better within 60 days (Stock). The crash also helped lead to the onset of the Great Depression by undermining confidence in the economy, but it

FDR’s New Deal responses to the Great Depression were very effective in that they improved the conditions of workers, they decreased the unemployment, and increased overall income of families. At the beginning of the depression, many people were out on the streets, unemployed, and hopeless. This is embodied in Document A, which describes the abundance of men on the street in contrast to women. The main focus of the document is that everyone was out of work and hungry and the idea was to explore the reasons why some people might be more obvious about it. It really emphasizes the low quality of life at the beginning of FDR’s presidency. Some people had different opinions about the idea that government involvement was necessary, which is shown

During this time, “…FDR promised ‘a new deal for the American people’” (Polenberg, 8). FDR quickly realized that in order to win over the citizens of the United States and to fix the crisis they were in, he had to address the two main things that he saw every American wanted during this economical depression. Polenberg informs his readers that FDR saw that the two things every American wanted was “…Work; work with all the moral and spiritual values that go with work. And with work, a reasonable measure of security—security for themselves and for their wives and children” (p.8). Knowing that these were the two main aspects (at the time) that FDR had to place the majority of his attention on, he went to work immediately as “He feared that a resolution was likely if he failed, as Hoover had, to solve the nation’s problems” therefore he begun formation of the first New Deal reforms (Polenberg, 8). These reforms were “…designed not so much to promote reform as to proceed recovery,” (Polenberg, 9) therefore indicating that “…the Roosevelt administration intended to move the country in a dramatically new direction” (Polenberg, 9). Some of the programs that the New Deal initiated were: the NIRA (National Industrial Recovery Act), the NRA (the National Recovery Administration), the AAA (Agricultural Adjustment Act), the WPA (Works Progress Administration), the CWA (Civil Works Administration), and the TVA (Tennessee Valley Authority) just to name a few (Polenberg, 9-13). Each reform act was aimed at recovering a different but specific area of society. For example, the TVA worked to “…provide cheap electrical power… and… help prevent soil erosion and control floods” (Polenberg, 13) while the AAA “…served as the foundation of New Deal farm policy… balancing agricultural production and consumption so as to avoid surpluses and ensure that

The Great Depression was a time of great economic tragedy during the 1930’s. October 24, 1929 was the day of the stock market crash, causing economical shortage everywhere, even globally, and this scared everyone, including the rich. This day was/ is known as “Black Thursday”, where over 2.9 million shares were traded. On “Black Tuesday”, five days later, more than 16 million more shares were traded in another wave of panic. Many investors then lost confidence in their banks and demanded deposits in cash which forced the banks to liquidate loans in order to supplement their on hand cash reserves. By 1933, around 15 million Americans were unemployed and nearly half of the country’s banks had failed. This stopped Americans from purchasing which then led to less production of goods and decreased the amount of needed human labor. In the end, millions of shares ended up worthless, and those investors who had bought stocks with borrowed money were wiped out completely.

To fix the umemployements, the Federal Emergency Relief Administration provided money to give to states for relief programs such as the public works administration did by creating construction projects. The Civil Works Administration gave jobs to Americans during the winter of 1933-1934 by using construction projects. The Civilian Conservation corps gave jobs in outdoor works, planting trees, etc. The Federal Housing Administration helped regulate interest rates for mortgages. So, people wouldn’t lose their homes. After the first New Deal that focused on the economy, here was a second New Deal that focused on social justice and safety. Therefore, the Wagner Act and Social Security Act was passed. The Wagner Act focused on workers having the right to join unions without consequences and the Social Security Act to give pensions to retired workers and compensation to unemployed and disabled workers. The impacts of the New deal was that there was a more organized labor that had increased and organized workers in industries. Women in the New Deal still had to face bias views on how women were inferior to men. For example, women were still paid less than man but Elanor Roosevelt changed the image of how the First Lady should act because she always aided her husband, FDR. The FDIR is still used in banks today, people can still join unions in their jobs, women are not consider inferior and

The nation had just fell into its largest economic depression it had faced ever. President Herbert Hoover had been blamed for his lack of control and care for the impending crash of the stock market. Roosevelt was tasked with pulling the country out of its depression and returning it to its full potential. The New Deal is characterized by the three R’s, relief for the unemployed, recovery of the economy through federal spending and job creation, and reform for the legislation to regulate the economy. To accomplish this Roosevelt had to expand the scope and size of the federal government in the economy and regarding welfare. The New Deal began with the creation of what’s known as the “alphabet soup” of agencies due to their simple abbreviations.

During FDR’s first hundred days of his presidency, he advanced and Congress passed 15 bills. One of them, including the Civilian Conservation Corps (CCC), which accorded jobs for people between the ages of 18-25. This program specifically targeted white men. Some of the jobs included building parks, planting trees, and building small dams. However, in the Second New Deal, the Works Projects Administration (WPA), which funded the government with $4 billion for public works. This created jobs for the people who lost their jobs during the crisis. The CCC and WPA decreased the unemployment rate, however there are many people that are still unemployed. The unemployment rate also triggered bank failures.

In his first speech, he explained to everyone his outlook and plan on the problem with the banking system. Carnes and Garraty explain, "He reopened the banks under Treasury Department licenses" (Carnes and Garraty 579). This plan turned out to be a successful attempt and proved to the public that things were starting to look up. While in office, Roosevelt came up with the Civilian Conservation Corps. This program gave lots of men jobs in the environmental field. Establishing this idea contributed to a decrease in the unemployment rate. Roosevelt had later decided that he wanted to do something in order to help the farmers out who were working in dangerous conditions. His willingness and concern led to a new enactment. Carnes and Garraty claim, "The Agricultural Adjustment Act (AAA) of May 1933 combined compulsory restrictions on production with government payments to growers of wheat, cotton, tobacco, pork, and a few other staple crops" (Carnes and Garraty 580). With this new law, he made it possible to increase the price of agriculture and make it comparable to the industry prices. Soon after being put into action the agriculture business started to grow. Many of Roosevelt's new laws and policies worked as well as some that did not. Given his nature, he did not call it quits when things

In 1933, President Roosevelt proposed New Deal legislation to alleviate the effects of the Great Depression through various public works programs and other federal initiatives. The many reforms of the New Deal were racked by intense criticism from their very beginnings. The New Deal was a catalyst in the surge of the federal government’s power.

The relief portion of Roosevelt’s New Deal was created to help people financially until the economy improved.  The Bank Holiday closed all banks and created government jobs so that people could go back to work. Programs such as the CCC, PWA, and WPA were called the Alphabet Soup Laws and they gave people jobs. The Civilian Conservation Corps is one program that gave young men jobs planting trees, and cleaning up parks. The public Works Administration is another program that gave jobs building schools, roads, bridges, and other projects. The Works Progress admin gave jobs to artists, writers, and musicians to create murals, plays, and other public artworks.

This became the stock market crash. This day, October 24, 1929, became known as Black Tuesday. In the crash, people lost ten times as much as they put in. After all that everyone lost there trust in the economy. Many people wanted to take their money out of the bank. Banks were running out of money. Because of the cash shortage many banks got closed down.

The new production caused an increase in the need of workers, thus causing the unemployment rate to decrease. One way the New Deal was able to give jobs to the jobless was via the Civilian Conservation Corps. This program gave jobs to civilians between the ages of eighteen and twenty-five; they were planting trees, building dams, and stopping the erosion of the soil. By August of 1933, 300,000 men were at work. Roosevelt also aided the farmers through the Agricultural Adjustment Act. This act helped farmers meet their mortgages, which went hand in hand with the Home Owners' Loan Corporation. Through these acts the government used millions of dollars to try to relieve farmers' economic crises. But by doing this, Roosevelt caused an increase in the national debt.