1.) During the initial months of the depression, the general belief was that the troubles were cause by the "cut-throat competitions" between businessmen causing many businesses to fail. As a result the Roosevelt administration's first attempt ot deal with the crisis was to mitigate such "cut-throat competitions" with the provisions of the National Industrial Recovery Act of 1933. This act spawned the Nation Recovery Administration (NRA). The NRA was empowered to bring government, industrial corporations, and labor unios together to find ways to get rid of "cut-throat competitions".
The Owen Glass Federal Act of 1913 was made to protect the economy by setting a Federal Reserve System. An operation that is supervised under a board in Washington D.C. They have the power to set the interest rates which is charged to the other banks by the reserve banks. The objective included of financial Danes and availability of cash from a money reserve.
During this time period the outstanding debt of the national government decreased as a whole, which showcases that despite how the government was centering more attention on nonmilitary activities and likely interfering with laissez faire, the economy of the country improved as a whole. Government interference through the interstate commerce act also proved to be beneficial to both the party it was interfering on behalf of and the railroad systems. The act was seen as necessary in order to “conserve and protect” without harming the interests of the enterprises. It was in this same point of view that John Sherman created the Sherman Antitrust Act, for the sake of aiming at unlawful combinations and not harming any innocent enterprises. However, congress did follow in accordance to laissez faire when they resolved to no longer grant subsidies to corporations or private
The Federal Reserve Act was the first tool to take power away from large investment banks (Bauer 9). After that, he passed the Clayton Antitrust Act in 1914. The aim of this act was to control and against the monopoly in the economy. It was also strengthened the Sherman Anti-Trust Act. This act made it prohibited for companies to buy stock in other companies if doing so would create a monopoly.
Nathaniel Ortiz HISTORY 152 Professor Jonathan Rosenberg Section Leader Hamilton Craig December 2022 Paper #3 Documents: “President Herbert Hoover Applauds Limited Government 1931” and “President Franklin D. Roosevelt Says Government Must Act, 1933” President Herbert Hoover and President Franklin D. Roosevelt were both significant government figures during the time they were president. During the time both were presidents, the United States was in a crisis known as the Great Depression which lasted from the early 1930s to the early 1940s, ending during World War II. The great depression is known to many as a time of economic disaster. During this time there was a stock market crash, the money supply plummeted, banks failed, and
FDR’s first incentive was to make “The Emergency Banking Act which authorized the Federal Reserve Board to issue new banknotes and allow the reopening of banks that had adequate assets, and arranged for the reorganization of those that did not” (Source 2). The New Deal helped reopen banks and provided loans to banks that needed help, and closed banks that were too unstable to open (Source 4). Along with this, he made the Glass-Steagall Act that insured bank accounts through the FDIC’s (Federal Deposit Insurance Corporation) main purpose is to insure deposits, examine and supervise financial institutions for safety, soundness, and consumer protection, make large and complex financial institutions resolvable (Source 5).
During the Great Depression there was great skepticism of the role that the government should play in the economy. Franklin Delano Roosevelt and Herbert Hoover were two political leaders, among many, who went head to head in trying to justify their opinions related to government involvement economically. Hoover critiqued Roosevelt’s push towards a more positive government because he believed that freedom could only be accomplished with less government intervention—less rules—but what he failed to see was that the government was not limiting peoples freedom, it was protecting it. Franklin Delano Roosevelt’s Second Bill of Rights aimed for a new foundation of security and equality that could be achieved despite someone’s race or class.
The ‘evolution’ of the government manifested the dozens of ‘alphabet agencies’ (Doc. C.) These agencies included: AAA, CCC, NRA, and many others. The Agricultural Adjustment Administration was established to eliminate the price- depressing surpluses by creating subsidized scarcity, thus the government would pay farmers not to farm. The Civilian Conservation Corporation was established to create work among young men through projects, where the majority of the money was sent home and the National Recovery Administration was designed to help industry, labor, and the unemployed. Two of these agencies met their downfall by the Supreme Court, the AAA and NRA, due to their unconstitutional existence, but persistence created the Second AAA and the Public Works Administration in their places.
He shared many of their ideas concerning the proper relationship among government, business, and the people (Cutler). Basically, Herbert thought that a federal government that played as little role as possible in the affairs of business would be the best thing to happen to the United States. Hoover believed that unnecessary government
The period from the 1920s to the 1950s witnessed a transformation in the power and scope of the federal government in the United States. Significant events such as the Great Depression, the New Deal, and World War II greatly impacted how much power the government could wield without causing a revolt. By examining the federal government's economic, political, and social policies formed from the 1920s-1950s, it can be shown that a bad precedent was set for the expectations of government intervention. The 1920s began with a sense of optimism and prosperity following the end of World War I. Citizens could spend more money and live a new lifestyle due to increased automobile production, household appliances, film, and radio (American Yawp). However,
This gradual transformation started in the early 1980’s when President Reagan was in office. A process began where media outlets were owned and controlled under five mega corporations. Television news was and still is seen as sucessful business for profit. To maintain profit, news outlets depend on drama for ratings. Once the The Fairness Doctrine of was eliminated in 1987, conservative outrage news segments dominated.
The people of America would turn to entertainment to escape what was really going on. President Hoover was blamed for the Great Depression that happened after the stock market crashed. When Roosevelt became president he came up with “Fireside Chats” that would allow him to talk over the radio and inform the public about what was happening. He also created the “bank holiday”
J. Edgar Hoover and His Impact on the Federal Bureau of Investigation Introduction The Federal Bureau of Investigation is sick, and the only proper medicine is reform. Upon the bureau’s inception, J. Edgar Hoover created a multitude of problems that still plague the organization today, such as unjust surveillance of civilians, perpetuation of racial stereotypes, and a deep-rooted fear of communism and socialism within the United States. Nonetheless, solutions to these problems exist. The strongest of these are more congressional oversight over the FBI and stricter regulations on what information the FBI can collect and how they may collect it.
Another example of Roosevelt’s encouragement during that dreadful time were his weekly radio broadcasts best known as Fireside Chats. During the twelve long years of Roosevelt’s presidency, he “delivered thirty-one radio addresses…[Those] speeches were intended to be relatively brief and informal reports to the American people, delivered in a conversational tone and in simple, unadorned language” (Levy). Roosevelt spoke on the radio with the intention that that series of “brief and informal reports” would encourage the citizens to stay positive and have hope and confidence in the future of America. The Great Depression also caused a lot of conflict and panic with the banks and its customers. During the first one hundred days of Roosevelt’s presidency, "[he] pushed through legislation that reformed the banking and financial sectors, tried to cure the ills afflicting American agriculture, and attempted to resuscitate American industry.
Starting college can be one of the best times in young person’s life. However, it may be one filled with apprehension, angst, and confusion. Adjustment to college life is vital for all students, though the manner and amount of adjustment faced by each undergraduate will fluctuate contingent on a student’s upbringing, life-experience, and former education. Consequently, the lesbian, gay, bisexual, transgender, questioning (LGBTQ) community knows this all too well. Therefore, the college counseling center will be offering a series of therapy groups for the incoming freshman that identify as part of the LGBTQ community in order to help them adjust to college life, the separation from home, and the stress of classes.
