HIST 2112 Lecture Notes - Lecture 10: Second New Deal, Federal Deposit Insurance Corporation, New Deal Coalition
Document Summary
Lecture (cid:883)(cid:882) - the great depression and the new deal. Republican party: values: protestantism, prohibition was not rugged but collaborative, moderate conservative he believes in the idea of a figure out the logistics of moving food to the troops in. He tells the working people to make the sacrifice of tariffs to the highest levels in the 20th century hawley. Believed in balancing the budget he thought the believes in laissez faire (no regulation of markets). He asks states to organize relief at lower levels: maximum employment - he wanted business managers to maintain maximum employment. Therefore, consumer spending decreases: reconstruction finance corp. (rfc) Fdr is under pressure to come up with a solution to the deepening depression. Rfc followed trickle-down economics (agency will loans money to businesses and struggling economic. Stimulus to banks and businesses so that banks can provide more loans to smaller businesses and customers.
