Depression hit Arkansas
Great depression
Hattie Caraway
Election of 1932
-pres. Herbert hoorer did nothing to help Americans and it cost him reelection
-Franklin Delano Roosevelt
•Elected president in 1932
•Willing to try new federal programs to help Americans
• hundred days
Hundred days
Actions taken by FDR during his first days in office to alleviate the effects of the depression
The new deal
FDR's plan to bring the US out of depression -relief for the needy -recovery for businesses -reform for the economic system Bank holiday Peficit spending
Bank holiday
Close all banks in the US; only allowed to reopen when proved financially strong
Preficit spending
Using borrow money to fund government programs
New deal programs
FDIC
FARA
SOCIAL SECURITY
AAA
FDIC
Federal deposit insurance Corp.
Formed to back savings account
FERA
Federal emergency relief administration
9 million to AR; provided food, shelter, and money for the unemployed
FERA ended because of
WPA
Social Security
Collected taxes to pay pensions for retired, disabled and unemployed
AAA
Agricultural adjustment act
Paid farmers not to grow crops, as quantity decreased prices stabilized
Southern tenant farmers union
Liberal
One supportive of government programs
Conservative
One opposed to government programs
Public works programs
Government funded construction program
Laissez faire
Opposed to government regulation, hands off policy
Dyess colony