Supply side economics

1) regulate business

2) high (protective) tariffs

3) tax cuts for the wealthy/big businesses

Over production/under consumption

low inflation

Relief

Federal emergency relief agency (FERA)- grants to the states

Work relief- federal jobs were given out

Civillian Conservation Core (CCC)- $25 a month, workers keep $5 and send back $20 to family

Work Progress Administration (WPA)- paid artists, musicians, and actors etc.

National Recovery Agency (NRA)- equalize business, codes of fair competition- Schechter Poultry vs US

Agricultural Adjustment Act (AAA)- ask and pay farmers not to plant as much and they'd buy their surplus

Science vs Religion

John Scopes vs ACLU

Butler Act- can't teach anything other than religion

Franklin Roosevelt

Bank holiday- banks closed for 3 days

Demise of the gold standard

Relief, recovery, reform

• government got big, stayed big
• allowed capitalism to survive
• resource conservation
• infringed upon free enterprise
• interventionist precedent
• failed to end the depression

1. crash of 1929 (panic selling)
2. terrible distribution of wealth (40% of money to 1% of the people)
3. awful corporate structure
4. banks invested other people's money in the stock market
5. foreign trade imbalance (other countries can't pay us back)

• put out a message to get people pumped for war
• propaganda
• caused hysteria- (German books being burned and people being attacked)

• Sussex was attacked by Germany
• Germany pledged not to sink passenger vessels (they continued)

14 Points (for peace)- ethnic groups should have their own country/government

14th point- League of Nations (LoN)

Wilson goes to Paris- (peace talks)

Treaty of Versailles- treaty to end WW1

Blame is put all on Germany

• try to control what you do/ think

• Richard Shank- "submitting to the draft is like slavery" -Shank vs US (Shank goes to jail)
• Spirit of '76 vs US- directors go to jail

1. Germany
2. Italy
3. Austria Hungry

1. France
2. Great Britain
3. Russia

Presidents start their terms in January

1. Francis Townsend -wanted sales tax, redistribution of wealth, must spend all of check within 30 days
2. Huey P. Long- (all about power) (demagog) -wanted to tax on the wealthy
3. Supreme Court- Court Reorganization Act (1937)

"Perm. fix"

1. Glass Steagull Act- divided banking into 2 parts (Commerical and Investment)
2. Federal Deposit Insurance Corporation (FDIC)

• Securities Exchange Act- regulations
• Social Security
• Rural Electrification -43 states, Tennesee Valley Authority

National Orgins Act- 150,000 only, looks at census of 1890 (before the 3rd wave of immigration)

• "trusts" come back
• automobiles
• radio
• advertisement

• Punishment for writing or speaking against government

Samuel Gompers-
leader

They settle labor dispute so strikes could be avoided

• vigilante groups to ensure patriotism

• graduated income tax, excess profits tax, increase in excise taxes

• build, purchase, operate merchant vessels

• increase in military

• bombings in Post Offices
• Sacco-Vanzetti Case- they were considered guilty and killed

• transatlantic cable
• strong ties to Britain/ allies
• Germans keep blowing things up
• secretary of state, Bryan resigns

German foreign secretary to ambassador (in Mexico)

Alliance with Mexico if America doesn't stay neutral

• highest tariff rates in US history

• sex scandals
• Teapot Dome (bought someone off to tap oil)
• one of the worst Presidents ever
• died right before the scandals came to light

• gave Wilson dictatorial powers until 6 months after the war

blacks whom Roosevelt appointed to significant-level positions

• Frances Perkins became the first female cabinet member
• Eleanor Roosevelt, first Lady and advocate of womens rights
• Mary Dewson, head of the Women's Division of the Democratic National Committee - increased women's role in the democratic party
• Women's and Proffessional Projects Division- created programs that put women to work

• benefitted from the New Deal

• the New Deal promoted an appreciation for Native Americans Indian Reorganization Act

1. returned political authority back to the tribes
2. furnished government funds for healthcare and education