Wednesday, May 2, 2012

Significance of the events in Cinderella man

These events are significant because they show how things were before the Great Depression and how he lived, then after the Great Depression of how he was in a lower place of living and how it was hard to keep living half the time and what they had to do to survive  during this time, and just how difficult it was during this time period.

The Effects and Controversies

Works Progress Administration, Social Security, National Labor Relations Board, farm programs, regional development policies, and energy development projects such as the Tennessee Valley Authority, California Central Valley Project, and Bonneville Dam were all parts of the New Deal in the 1930's effects were granting a fund to retired people of a yearly fund. this was for social security, National Labor Relations Bord were for people who needed a job of any kind to those who can work.

The Effects of The Deprssion

The Depression affected the US pretty sever because we where stuck in a hole till the government was able to pull us out of it. it greatly put us down due to that we couldn't support ourselves. The Depression was not the only problem that we were having. in California the dug up dirt and left it and this soon turned to a dust bowl which happened a lot dues to this casing people to stay inside for protection. another problem was the moving from rural areas this made empty places and loss of business in rural areas.

Explination of Great Depression

the cause was due to the companies buying more then what they needed which case prices to drop and made selling them harder when no one needed them at that time. this in turn for everyone who owned some stocks lost lots of there money sometimes all there life savings.
the steps that where taken by Federal Reserve, Congress and the President were to create the New Deal program, Tennessee Valley Authority (TVA), which built dams and hydroelectric projects to control flooding and provide electric power to the impoverished Tennessee Valley region of the South, and the Works Project Administration (WPA), a permanent jobs program that employed 8.5 million people from 1935 to 1943. After showing early signs of recovery beginning in the spring of 1933, the economy continued to improve throughout the next three years, during which real GDP (adjusted for inflation) grew at an average rate of 9 percent per year. A sharp recession hit in 1937, caused in part by the Federal Reserve's decision to increase its requirements for money in reserve. Though the economy began improving again in 1938, this second severe contraction reversed many of the gains in production and employment and prolonged the effects of the Great Depression through the end of the decade.
resources: http://www.history.com/topics/great-depression

Sequence of events

before the great depression everyone was doing well and had money coming in from the stock market before it crashed. after it crashed the whole economy went into a depression where no one had money to support there own family. in turn everyone had to work together to survive during this time. somethings that they did to help each other was by giving food out, giving them places to sleep, and shared some jobs.

Monday, April 30, 2012

my understanding of the monetary issues of 19th and 20th centuries

Monetary policy was one of the most persistent and conspicuous issues of the late-19th century. It was first raised during the Civil War when the federal government suspended the gold standard and began printing and issuing paper currency (called "greenbacks") in order to help finance the extraordinary cost of the war. The greenbacks were not backed by gold or silver ("specie"), but were "fiat" money i.e., legal tender based on government decree. The policy was controversial, with critics condemning it as inflationary and unconstitutional. Supporters, however, justified it as a wartime measure that was fiscally necessary but temporary.

http://elections.harpweek.com/issues-1.htm

the New Deal

The New Deal period has been considered to be a turning point in American politics, with the President acquiring new authority and importance, and the role of government in the lives of citizens increasing. The extent to which this was planned by the architect of the New Deal, Franklin D. Roosevelt, has been greatly contested, however. Yet, while it is instructive to note the limitations of Roosevelt’s leadership, there is not much sense in the claims that the New Deal was haphazard, a jumble of expedient and populist schemes, or as W. Williams has put it, “undirected”. FDR had a clear overarching vision of what he wanted to do to America, and was prepared to drive through the structural changes required to achieve this vision.
It is worth examining how the New Deal period represented a significant departure from US government and politics up to then. From the start of Roosevelt’s period in office in 1932, there was a widespread sense that things were going to change. In Washington there was excitement in the air, as the first Hundred Days brought a torrent of new initiatives from the White House. The contrast with Herbert Hoover’s term could not have been more striking. By 1934, E.K. Lindley had already written about The Roosevelt Revolution: First Phase. Hoover, meanwhile, denounced what he saw as an attempt to “undermine and destroy the American system” and “crack the timbers of the constitution.” In retrospect, it was only a “half-way revolution”, as W. Leuchtenburg has written. Radicals have been left with a sense of disappointment at the “might have beens”, in P. Conkin’s words.
But Roosevelt never intended to overthrow the constitution, nor did he wish for an end to capitalism and individualism. He harboured the American Dream just like the millions of people who sent him to the White House a record four times. That, indeed, was precisely why they loved him so much: because the American Dream had turned sour in the Great Depression, and they trusted that he would be able to find a way back towards it. As Europe gave in to totalitarianism, the New Deal set out to show that democratic reform represented a viable alternative.
Roosevelt’s enthusiasm for his role as head of state established a new convention that the President would lead from the front, and in his First
http://www.echeat.com/free-essay/The-New-Deal-and-Its-Effect-on-Government-and-Politics-26160.aspx