ECON 113 Chapter Notes - Chapter 5: Clarence Darrow, National Industrial Recovery Act, Frances Perkins
Document Summary
Homestead act: provided settlers 160 acres of public land. Pacific railroad act: promoted the construction of a transnational railroad by giving government bonds and land to railroad companies. Morrill land grant act: gave states land to build colleges. 1920s: congress passes mcnary-haugen bills that block imports of farm goods and have the government purchase all crop surplus to export overseas. Vetoed by president coolidge as overly interventionist. Farmers producing the appropriate share would receive a bonus, and any further production would have to be sold at market value. Led to aaa insisting farmers plow up cotton, slaughter pigs, etc. to avoid overproduction and raise prices. Public frustration w/ govt. waste as population struggled with hunger, poverty. 1933: national industrial recovery act allows roosevelt to create work-relief agencies established industrial boards as proposed by frances perkins enforced codes to raise prices that were particularly harsh on small businesses board to investigate complaints lead by clarence darrow.
