HIST 2112 Chapter Notes - Chapter 22: Judicial Procedures Reform Bill Of 1937, National Labor Relations Act, Tennessee Valley Authority
19 Oct 2016
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Hist 2112 - chapter 22: the great depression and the new deal. Great depression: the pivotal event of the 20th century. Caused by overuse of easy credit and consumerism: stock market crash resulted in less demand for goods, followed by a flood of job layoffs. Hoover was a republican, pro-industry progressive; took a lassiez-faire approach to the great. Reconstruction finance corporation (rfc): hoover-initiated plan for federal government involvement: authorized government loans to businesses and banks (like bailouts) - trickle down economy idea, initiated public works projects, was ineffective due to low budget. Reemergence/new peak of the labor movement: political parties (such as communists) led hunger marches, communist unemployment councils formed in neighborhoods: led marches and campaigns. Fdr"s presidency and installation of the new deal = introduction of liberalism: liberalism: the federal government is obligated to use its strength to try to fix social and economic problems (remained a dominant philosophy until the 1970s)
