ECON 2200 Lecture 52: ECON 2200 lecture 52
14 May 2018
School
Department
Course
Professor
ECON 2200
Lecture 52
• May have exacerbated unemployment problem (Margo 1991)
o Government WPA jobs may have detracted from private sector
jobs
→ People were sometimes unwilling to leave secure/cashing
paying WPA jobs to return to more risky private sector
jobs.
• Civilian Conservation Corps: 1933-1941
o Mostly young, unemployed men
o Lived in camps operated by U.S. Army
o Very popular with U.S. public
o Projects included:
→ Planting trees
→ Soil erosion & flood control
→ Wildfire management & control
→ Buildings & trails in state/national parks
• Public Works Administration: 1933-1939
o Provided federal $ for contracts with private firms for large-
scale construction projects
→ Much bigger than the WPA projects
o Projects included:
→ Tennessee Valley Authority
→ Grand Coulee Dam (Washington)
→ Triborough Bridge (NYC)
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Lecture 52: may have exacerbated unemployment problem (margo 1991, government wpa jobs may have detracted from private sector jobs. Buildings & trails in state/national parks: public works administration: 1933-1939, provided federal $ for contracts with private firms for large- scale construction projects. Much bigger than the wpa projects: projects included: Impact of job programs on unemployment: table 24. 1: theme of the poverty elimination was through job creation, note the direct and indirect impact on unemployment of job creation programs. The required separation was overturned during the mid- No employees or cabinet members on the board. Under old board, two of the members were. Allowed to set margin requirements for loans for stock purchases: creation of open market committee. 12 members, including all 7 board members. So, the board of governors really control the open. Market too, because they have the majority (7) of the votes on the committee.
