Survey of United States History II
Survey of United States History II HIST 2020
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This 3 page Class Notes was uploaded by Roxanne Reinger on Wednesday September 23, 2015. The Class Notes belongs to HIST 2020 at Middle Tennessee State University taught by David Rowe in Fall. Since its upload, it has received 9 views. For similar materials see /class/213094/hist-2020-middle-tennessee-state-university in History at Middle Tennessee State University.
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Date Created: 09/23/15
Hist ZOZOH New Deals Your name JenniferJohnson 33111 1 How did the unequal distribution and income lead to the economic collapse The unequal distribution ofincome forced the economy to rely on the top 1 ofAmericans to stimulate the economy through big spending for luxury items and high investments The problem with this is that such spending is inconsistent and unreliable unlike the spending of the other 99 ofpeople which is based on food housing and clothing This expenditure was minimized during rough times and did not bring enough income to the producers in order to keep them prosperous as employers 113 What do the figures in the Pyramid ofWealth chart say to you about income in the 1920s versus income today The inequality of the distribution of wealth in the 20 s is strikingly similar to the current distribution ofwealth suggesting that extreme unbalance leads to recessions or depressions 1n the 1970s7 90s the distribution was much more equalized and this also proved to be a time of financial stability and economic success 2 How did the unequal distribution of corporate power contribute to the collapse of the economy A small amount of companies controlled 50 of corporate wealth which was a way ofputting all the nancial eggs in one basket Ifjust one or a few of these prominent companies went under the whole economy would and did suffer This concentrated power was the result ofmergers and consolidations which also minimized competition and increased prices or rates 3 What was bad about the banking structure There were no regulations about how much a bank could lend or much money they had to have in order to open They had nothing to back their investors loans or interests 4 What difficulties in our global relations contributed to the economic collapse We were collecting debts from other countries after WW1 and much of that debt was demanded in gold form however we already control most of the world s gold supply Therefore goods and services were accepted as payment but because of the high protectionist tariffs few goods were able to make it into American borders Since other countries could not find a way to pay their debts they were unable to purchase American goods too In this way we shot ourselves in the foot by limiting foreign goods which in turn minimized international sales ofAmerican goods 5 What actions did the Hoover administration take that the lecturer believes were erroneous Hoover requested that businesses hold down production while maintaining high levels of employment He also lowered axes and did not increase governmental spending Hoover remained on the gold standard refusing to print more money in spite of the urges of his contemporaries 6 What did FDR stand for When you look at this list what thoughts come to your mind Franklin Delano Roosevelt stood for public power reduction of federal expenses and balancing the budget It seems that FRD seeks to moderate the role ofgovernment minimizing its intervention in everyday life for its citizens He does want to balance the budget however concentrating more funding in areas that will benefit the most people The people should be able to make decisions for themselves and to have a hand in governInent through direct elections strikes etc 7 According to the introduction How FDR defined himself what words and phrases describe him Be thorough in reviewing this section FRD saw himself as democratic Christian Wilsonian in international affairs and gentlemanly Other people saw him as striving to be wellilike by the public charming opportunistic always trying to get ahead and make the most of each situation modern and a pragmatic politician 8 Each of these four programslaws was intended to inflate the economy put more money into circulation From the description of each how would they do that You might have to put some thought into this AAAr stabilizing prices would maintain a certain level ofincome for farmers by keeping prices from dropping Gave direct subsidies to farmers CCCr provides jobs for young meni gets them off street raises their standard ofliving increases their spending TVAr brought electricity to rural areas provided thousands ofjobs to unemployed construction workers therefore increased spending for these individuals stimulating local markets and businesses NlRAr regulated prices industrial output and general trade practices as a trade for suspending antirtrust legislation Regulating prices could make goods affordable increasing frequency ofpurchases by average income families 10 What three reasons account for the failure of the NlRA 17 small companies were hurt because big businesses decided upon fair treatment levels for employees and regulated codes based on their needs 27 the labor unions right to collective bargaining was never enforced because of the complexities of the businessioriginated codes 37 attempted to stabilize prices by lowing production instead ofinfusing the money into the lower class enabling the to make purchases at current prices 11 Based on this material in the first New Deal what would you say to the idea that FDR was antir business Although FRD frequently monitored manipulated and regulated businesses in the areas of production artificial price ceilings and wages he often supported the businesses by minimizing the effects of the union on the business procedures providing financial stimuli to the businesses etc Click on the link to lecture 20 and continue with these questions 1 On what bases this is a plural noun did people oppose the New Deal Father Charles Caughlin opposed the New Deal beacuase of the very slow rate ofprogress and his inability to effect policy making Huey Long felt that FDR s New Deal was too conservative and that he had given into the demands ofbig businesses Long proposed a more dramatic redistribution ofwealth in order to help the poor Olsen opposed the New Deal altogether and tried to create a third party as opposition to this stance 2 How did each of these laws seek to inflate the economy and to provide real reform WPAi competed with private businesses by provided jobs for many Wagner Acti finally secured government protection oflaborers rights to unionize and bargain for wages Social Security provided unemployment compensation and old age insurance Wealth Tax Act restricted trusts and holding companies heavily taxed the wealthy large inherimnces and excessive revenues from big businesses 3 Who were the groups that comprised the Roosevelt coalition small farmers in the Midwest urban political bosses ethnic blue collar workers Jews intellectuals and African Americans 4 What are the lasting effects of the New Deal The new deal changed the dynamic between businesses and government and shift the people s attention from main street to the white house with expecmncy ofgreater governmental involvement It also minimized some of the swings between big and small pro t or economic stability by means of increasing the value oflabor and increasing laborers rights and securities 5 What was Roosevelfs essential message to the American public about the renewed war in Europe What does this remind you of Renewed war was to be avoided he passed the 3 neutrality acts and stated that he adamantly wanted to refrain from war however he privately acknowledged the inevitability of going to war again This reminds me of any politician who says what he needs to get elected It also reminds me of President George W Bush Although they both wanted to take care of the country and prevent wars war seemed inevitable and the only possible option at that time They both seemed to get stuck with bad timing rather than bad politics 6 How would you interpret the intent of the 3d Neutrality Act Why The intent of the 3rd neutrality act was to protect American citizens and to assure opposing countries that we are indeed genuinely neutral We tried to prove our innocence whether it be the case or not as in the rst world war with neutrality based on not supplying belligerent nations with weapons or war supplies