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Harnessed water power to provide hydroelectric power and to...
- End of Great Depression Flashcards
Harnessed water power to provide hydroelectric power and to help prevent disastrous floods in the Tennessee Valley. End of Great Depression. FDR has Americans prepare for war from watching problems in Europe and Asia. Study with Quizlet and memorize flashcards containing terms like Franklin D Roosevelt, New Deal, 100 Days and more.
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The Great Depression acted as the catalyst for a transformation of the party system that moved the Democrats from minority to majority status at the national level. The New Deal Democratic coalition that put Franklin D. Roosevelt in the White House and the Democratic Party in control of Congress combined support from the working class and various ethnic and minority groups with already ...
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The stock market crash of 1929 signaled the beginning of the Great Depression, the longest and most severe economic depression ever experienced by the western world.
Reacting to the ineffectual response of the administration of U.S. President Herbert Hoover during the onset of the Great Depression, American voters overwhelmingly elected Franklin D. Roosevelt as the next president on his promise of creating opportunities for dispossessed and struggling Americans.
Roosevelt was opposed to the traditional American political philosophy of laissez-faire, the policy of minimum governmental interference in the economic affairs of individuals and society.
Because of the scale of the economic suffering of so many Americans, Roosevelt did not see a better solution to the immediate problem than swift executive intervention.
New Deal legislation enacted early in Roosevelt’s administration established a range of new federal agencies, including the Civil Works Administration and the Civilian Conservation Corps to alleviate unemployment, the National Recovery Administration to revive industrial production, the Federal Deposit Insurance Corporation and the Securities and Exchange Commission to regulate financial institutions, and the Tennessee Valley Authority to provide public power and flood control.
Later New Deal legislation established the National Labor Relations Board, the Works Progress Administration, and the Social Security system.
Certain New Deal laws were declared unconstitutional by the U.S. Supreme Court on the grounds that neither commerce nor taxing provisions of the Constitution granted the federal government authority to regulate industry or to undertake social and economic reform. Roosevelt differed with the Court and in 1937 sought to pack the court (or expand it) to make it more amenable to his programs and federal initiatives. The ploy failed, but the Supreme Court ended up not ruling against all of Roosevelt’s reforms.
Despite resistance from business and conservative segments of the United States to the alleged “socialistic” ambitions or purposes of the New Deal, many of its reforms gradually achieved national acceptance.
Roosevelt’s domestic programs were largely followed in the Fair Deal of U.S. President Harry S. Truman (in office 1945–53), and both major political parties came to accept most New Deal reforms as a permanent part of the national life.
New Deal Key Facts
Feb 24, 2010 · The Great Depression was the worst economic crisis in U.S. history. From 1931 to 1940 unemployment was always in double digits. In April 1939, almost ten years after the crisis began, more than one in five Americans still could not find work. On the surface, World War II seems to mark the end of the Great Depression.
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End of the Great DepressionThe 1930s were a troubled decade, economically and politically, throughout much of the world. In the United States the stock market crash in 1929 and the economic depression that followed brought widespread unemployment reaching up to 25 percent of the workforce (over twelve million workers) by early 1933.
