The+Great+Depression

=The Great Depression=

__Causes:__ - poor distribution of income -Laissez-faire- banks were not regulated. speculate using the money of the average americans

Wall Street Crash

Black Thursday

1/3 out of work

companies had fake businesses, very little regulations

__Brain Trust:__ - FDR recruited a group of very talented academic advisors. 3 Columbian profs

-Put people smarter than he is

-Oliver Windol-Holmes: "Second rate intellect but a first rate person".

-He was innovative

-Eleanor Roosevelt travelled to get the message accross. Roosevelt kept touch with the American people. FDR trained her to be investigative.

Keynesian Economics by John Maynard Keynes. In economic crisis, its okay for government to deficit spend to get the country going.

New Deal comes from the Keynsian economy. People do not pay taxes

Recovery- Immediate stop to decline Relief- Temporary assistance Reform-Change in laws to prevent another depression

first 100 days- stopped decline Main purpose: increased rate of private investment and consumer spending

__Relief__ - Banking Holliday- closed all the banks in America.closed for the long weekends.

-Emergency Banking Act: closed insolvent banks, only solvent could open.

-Civilian Works Administration: temporary jobs building roads, bridges

-FDIC, 1933- government insurance for the money

-WPA- build bridges, roads. paid artists, musicians to give performances for free.

-Public Works Administration-

-Civilian Conservation Corps- planted trees and State Parks

-National Industrial Recovery Act (NIRA): code of fair competition created on an individual basis. wage price. Created the NRA (National Recovery Administration)

-National Labor Board- permission to form unions

-Tennessee Valley Authority (TVA)- most praised. create hydroelectric power. high poverty, raised the educational component. led to a lot of erosions. least amount of criticism.

Agricultural Adjustment act- produce prices to go up. paid farmer not to grow crops. government wanted to save small farms.

-FERA- Federal Emergency Relief Administration- gave aid,

__CANADA__ - McKenzie King
 * Positive
 * Nationalized banks
 * Nationalized radio broadcasting
 * Negative
 * Refused to acknowledge there was a crisis
 * Unemployment:
 * 1928- 2.6%
 * 1930-12.6%
 * 1933- 26.6%
 * Imports fell 25% (1929-1933)
 * Exports fell 55%
 * British North American Act
 * Unconstitutional for government to deal with province crisis
 * 5 piece speech

-Richard Bennett __Mexico:__
 * Positive
 * Unemployment Relief Act
 * Public Work Project
 * Labor Camp
 * Prairie Farm Rehabilitation
 * Preserve and restore farm lands
 * Canadian wheat board-natural product marketing board
 * Unemployment and National health insurrance
 * Negative
 * Unrest/ riots
 * June 1935 "On to Ottawa tracks" led by A Evans. asked for:
 * 5 work days per week
 * 6 hours
 * Adequate first aid
 * Democratic elected workers
 * Workhand removed from the department of defense
 * Social unemployment security
 * Right to vote
 * Regina riots
 * 1935
 * Evans arrested
 * Obregon
 * Positive
 * Free and Secular Education (Article 3)
 * Employed artists
 * Literary rate up
 * CROM (Confederacion de trabajadores de Mexico
 * Positive Acts
 * If government good then they get to keep the land
 * Calles
 * Positive
 * Sanitary Codes
 * Negative
 * Public prisoners
 * Cristero Rebellion
 * Goldshirts
 * PRN
 * Cardenas
 * Positive
 * Banco de Credito Ejidal
 * Land distributed
 * Departamento agrario
 * National Financiera
 * Industrial loans
 * 1938- Economic independence
 * Departamento de Asunto indigenas- serve and protect interests of indigenous
 * sympathetic attitude
 * Confederacion de Trabajadores Mexicanos
 * Oil nationalization
 * Nacional de Antropologia de Mexico
 * CMT