History of the Americas Questions
Explore questions in the History of the Americas category that you can ask Spark.E!
what country was at the center of the second rev
1. LACK OF DIVERSITY IN THE ECONOMY-1920's economy was transitioning from railroads/textiles to new markets, so auto/construction bridged the gap ... but people couldn't afford autos/construction due to beginning of Depression, so economy fell apart - not enough DIVERSITY2. UNEQUAL DISTRIBUTION OF WEALTH-business owners from the 20's had all the $$, but bottom half of America coudn't make a liveable wage - they didn't pay the lower workers enough3. INSTABILITY IN BANKING SYSTEMFarms were starting to default due ot new technology - so rural banks failed, then larger banks failed, then stock market ...4. US PLACE IN THE WORLD ECONOMYGermany couldn't pay us backEurope had their own agriculture and didn't need US as much
Who was the Royal Governor Appointed by?
GOVERNMENT GETS CONTROL OF NATION'S ECONOMY!•Set Prices (can't charge lower than what gov't says)•Set Wages (can't pay less than what gov't says)•Encourage Labor Strength (help unions get better benefits)•Create the National Industrial Recovery Act which created the National Recovery Administration
lack of NUTRITION and EDUCATION•Diet-related diseases rose•Schools closed due to lack of funds*ALSO some families farmed out their kids, or Dads walked out
increasing the American people's RELIANCE on the government.(Sometimes known as the "welfare state" when government protects the )social and economic well being of its people)
NEW DEAL3 R's:RELIEF - for the unemployed/poorREFORM - of the financial systemRECOVERY - of the economy back to normal
GROWTH OF FEDERAL POWER•Government is getting HIGHLY involved•Things are a little better•The Government is going into MASSIVE DEBT•Debt is paid by Tax Increases on personal income and business profits.•Before 1942 - 79% tax rate on income over $1mil
FALSEHowever, the legacy of the New Deal DID:-establish federal welfare state-establish basis for federal fiscal policy-increased regulatory functions of the government
He proposed PACKING THE COURT with 6 new judges!How did Congress respond to this idea?NO WAY!!! It will UPSET THE BALANCE of "checks and balances"
They had to rely on men as breadwinners ...they were behind men in line for jobs and food.Many stayed inside and hid their shame.Some had to farm out their own children.
1920's big profits mostly went to the wealthy class, not farmers and workers. They reinvested this $$ back into their businesses.The result was OVERPRODUCTION and UNDERCONSUMPTION (aka "deflationary cycle")Bottom class barely making $$ and not able to afford to buy goods, or buy only on credit, which is not good.
Tennessee Valley Authority (TVA)*provided flood control and electric power to impoverished area and put the Fed Government into the utilities business
1. Securities Act - Regulates the buying/selling of securities (a tradable financial asset) in stock market2. Creates the Securities and Exchange Commission (SEC), which monitors the stock market
CLIMATE-drought-incessant windsOVER FARMING-soil subject to wind erosion-farming technology which broke down the native soil, farmers didn't conserve good soilGOVERNMENT POLICIES-damage caused by homesteading policy-government not doing its job to preserve a good system of agricultureCAPITALISM-consumer demands after WWI led to overgrazing and overcropping
When did the second industial rev take place
What was James Watts contribution to the Industrial Revolution
What inventions marked the start of the Agriculture Revolution
When was the Bill of Rights passed?
Who owns the right of production in capitalism