Problems Revealed
pre-New Deal |
Protecting
freedom of information |
Bankers
- embezzling |
Banks
failure + result that people feared to deposit money in banks |
Banks
Speculating in stock market |
Gold
Standard |
Stock
Market - Insider trading - Margin buying - Fraud - Public offering but no required truth ( had private stock market regulations) |
Business
Not Producing
they are hurting -
workers hurting -
market saturated |
Mortgage
home
farm |
People
on the edge
varied
old
Okies |
Farmers
market saturation
they are hurting
farm labor is hurting (25% of work force) |
The problems in the left column are revealed in the
* + (date) =
Alteration
Problems Revealed in Hoovers
Administration |
Solutions Attempted in FDRs New
Deal |
Protecting
freedom of information |
FCC*(1980s)
(1990s) |
Bankers -
embezzling |
Combination
solution:
Later FDIC
*(1980s) |
Banks
failure + result that people feared to deposit money in banks |
|
Banks
Speculating in stock market |
Chinese
Wall (sometimes called a firewall) between banks and their using your money for speculation Glass
Steagall * (1990s) |
Gold
Standard |
US off gold
standard |
Stock
Market -
Insider
trading -
Margin
buying -
Fraud -
Public offering but no required truth (
had private stock market
regulations) |
SEC*
(1990s) |
Business
Not Producing they are
hurting - workers
hurting - market
saturated |
NRA Later
declared unconstitutional gave
workers right to organize set
up standards & codes for business used
symbol blue eagle
in store windows PWA public works, such as Boulder Dam used steel, concrete |
Mortgage home farm |
Refinancing
of both home and farms FHA |
People on
the edge varied old Okies |
Varied: CCC Boys/conservation projects FERA made work Later WPA labor & build libraries
and schools Social Security for aged, orphans,
disabled |
Farmers market saturation they are hurting farm labor is hurting (25% of work
force) |
AAA parity to restore price of prior
times paying not to grow/plus plow under
initially Helps Big Farmers most, with tenants
and sharecroppers being the ones whose land the big farmers took out of
production 60% income up TVA
conservation and electric power Results in factory jobs and displacement of
some people |