Federal Farm Loan Act

As the flourishing 1920s began to falter, the United States began its descent to economic downfall. The actions taken by the U.S. government in an attempt to save the country only served to seal its depressive state. It was on October 29, 1929 that the stock market plummeted and crashed, sparking the beginnings of the Great Depression. During the expanse of the depression, both Hoover and Roosevelt held terms in the presidential office. While in office, each man had plans and programs designed to

American affluence included a series of more bellicose federal programs. The SECOND NEW DEAL led to the formation of the Works Progress Administration, which aimed at reducing unemployment by providing jobs. WPA projects were focused mainly on public welfare things including bridges, schools, highways and parks. The WPA also gave jobs to artists such as writers, theatre directors and musicians. The National Labor Relations Act, also known as the Wagner Act, created the National Labor Relations Board to overlook

Hoke Smith Tyquavious Ramsey Hoke Smith had many accomplishments and made a major impact in the late 1800s and early 1900s. Hoke Smith was very intelligent Democratic man who was very involved with the political system and government. Mr. Smith helped Georgia a lot but people couldn’t really tell if he was racist or not, it was very questionable. Mr. Smith was never really poor or in need, he was a rather rich man. He published the great Atlanta Journal which gave him a lot of investment.

and to reopen them. The Emergency Banking Act Mach 9, 1933 attempted to stabilize the banking system. Also, Federal Reserve Board was created to regulate banking and it also established the Federal Deposit Insurance Corporation (FDIC) which insurance the money of depositors up to 2500 and in 1935 permanent agency. Because of FDR’s charm and the use of radio was able to restore some faith in banks and banks started to open. In 1934 the Securities Exchange Act which created the Securities and Exchange

President Franklin Roosevelt’s plan was to relieve, recover, and reform America. To do this, Roosevelt selected well educated and respected individuals to be part of his reform team. This group was called the “Brains Trust,” and consisted of economists, entrepreneurs, professors and others. Roosevelt’s administration didn’t have a clear plan of action to help America. Nonetheless, within the first 100 days of his presidency the group created plans which embodied action, experiment and improvise (Roark

farmed in the South. Living conditions were wretched. Not even one in a hundred black farm families had cold or hot water piped into their homes” (Katznelson 32). In response to these bleak economic conditions, the positive rights rhetoric of the Economic Bill of Rights inspired Black voters to openly align themselves with the Democratic party—a party concerned with the poor, economic rights, and the expansion of federal power. African-American citizens, both in the North and the South,

slowed or completely ceased. In the face of bad loans and worsening future prospects, the surviving banks became even more conservative in their lending. They built up their capital reserves, which intensified the deflationary pressures. The vicious cycle developed and the downward spiral accelerated. This kind of self-aggravating process may have turned a 1930 recession into a 1933 depression. Trade decline and the U.S. Smoot-Hawley tariff act Many economists have argued that the sharp decline

It is undeniable that the Great Depression was one of the darkest economic times in American history. The start of the Great Depression is often marked by Black Tuesday, which was when the stock market crashed on October 24, 1929 (Tindall & Shi, 2013). While many events led and contributed to the Great Depression, Black Tuesday is forever remembered as the day the nation’s economy plummeted. Banks throughout the country started shutting their doors and millions of Americans would soon lose their

response to the Great Depression. People got relief a bunch of different ways, with different programs such as Federal Emergency Relief act (FERA), Civil Works Administration (CWA), Public Works Administration (PWA), Civilian Conservation Corps, and Home Owners’ Loan Corporation

prices, unpaid loans, and crashing banks all led to the huge debt of farmers. Because the crop prices were falling in the horrible economy loans could not be paid back, unemployment soared, and businesses went under. There was also the tariff issue. Tariffs on imported goods were discouraging people to buy these products. They raised