Economic Crisis

6.2 Activity "Proposing Your Own New Deal"

The different issues we are facing

1. The stock market has crashed, many people's investments have been lost. The value of thousands of company's stock plummeted. People started to panic especially with the stock market crash.

2. Some of the major banks ( I.E. Wells Fargo, Bank of America, JPMorgan Chase, Citigroup) made some bad investments and is very close to running out of money. The public is rushing to the ATMS and withdrawing as much as they can or else closing out their accounts. They could take the whole finical system, and the whole economy.

3. After a few bad sales, many smaller and a few major companies are cutting back the workers hours. It has already appeared that millions have lost their job all across the country.


4. American farmers have yielded a bumper crop this year! But they have become victims of their own success as the supply of the crops and livestock has far outstripped demand. The selling price has fallen and thousands of families and their farms are on the hook for their debts.


5. California and Texas have experienced a huge drought which has severely limited their abilities to grow vegetables and fruits but beef too. The price of these products have gone up very high, and harming the ability of everyday americans from buying them. Drought looks like it's never going to stop.

Once done, Answer these questions

How will your suggested policies specifically impact American’s relationship to their government?

These polices, and groups help make things much better, and it helps people trust each other a little better.


Overall, using your analyses of the New Deal programs, what role should the United States’ government should play during an economic crisis?

I think we should just lay down the laws and be a little more strict so people can shape up.

1. The stock market has crashed, many people's investments have been lost. The value of thousands of company's stock plummeted. People started to panic especially with the stock market crash.

What are the (closest) equivalents between the economic crises of President Swift faces and those of the Great Depression?

During the great depression everything started to fall and the stock market also crashed.


Which New Deal policies “fixed” those Great Depression issues? Will these same policies prove effective or re-usable in our own time?

See the Glass Stegall Act made it illegal for the bank officials to invest in money with the banks.


What are your suggested program(s) or “fix” for each specific crisis?

I think that they should be a little bit more secure and try to be more safer.


What is your justification for each program you suggest? How effective do you believe they will be?

If they rebuilt the system, or changed it up a bit I think it would make a huge difference in how the stock market will go.

2. Some of the major banks ( I.E. Wells Fargo, Bank of America, JPMorgan Chase, Citigroup) made some bad investments and is very close to running out of money. The public is rushing to the ATMS and withdrawing as much as they can or else closing out their accounts. They could take the whole finical system, and the whole economy.

What are the (closest) equivalents between the economic crises of President Swift faces and those of the Great Depression?

During the depression they had problems with money, $2.5 million in bank failures and many people where loosing all kinds of stuff because the banking was really bad.


Which New Deal policies “fixed” those Great Depression issues? Will these same policies prove effective or re-usable in our own time?

The NRA established industrial boards for each sector of the economy, It also balanced the competition between other businesses. So I think the NRA would help fixes some of these issues.


What are your suggested program(s) or “fix” for each specific crisis?

We could lower house rates and increase the trust between the americans and the banks. Maybe if people got along again, and were more careful with their money it might not be a issue.


What is your justification for each program you suggest? How effective do you believe they will be?

If the banks actually gained money again and gained trust with the Americans then they could help each other out to get back on track so it'd be a win win for everyone.

3. After a few bad sales, many smaller and a few major companies are cutting back the workers hours. It has already appeared that millions have lost their job all across the country.

What are the (closest) equivalents between the economic crises of President Swift faces and those of the Great Depression?

The great depression had many unemployed people


Which New Deal policies “fixed” those Great Depression issues? Will these same policies prove effective or re-usable in our own time?

They created millions of jobs in the great depression and there was a vary of programs for different situations.


What are your suggested program(s) or “fix” for each specific crisis?

If they had more promising, and creating more jobs and other tasks that would be necessary for the country.


What is your justification for each program you suggest? How effective do you believe they will be?

If we had better, growing jobs and programs it would help out the people and make the economy so much better.

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4. American farmers have yielded a bumper crop this year! But they have become victims of their own success as the supply of the crops and livestock has far outstripped demand. The selling price has fallen and thousands of families and their farms are on the hook for their debts.

What are the (closest) equivalents between the economic crises of President Swift faces and those of the Great Depression?

In the great depression the government helped the farmers out by helping them pay for specific crops to help improve the soil.


Which New Deal policies “fixed” those Great Depression issues? Will these same policies prove effective or re-usable in our own time?

The AAA tried to ensure that farmers earned an adequate income by paying them to take land out of cultivation.


What are your suggested program(s) or “fix” for each specific crisis?

We could farm different things and have everyone sell different things.


What is your justification for each program you suggest? How effective do you believe they will be?

It'll be more effective because there will be more than one crop, and things in the future will look better.

5. California and Texas have experienced a huge drought which has severely limited their abilities to grow vegetables and fruits but beef too. The price of these products have gone up very high, and harming the ability of everyday americans from buying them. Drought looks like it's never going to stop.

What are the (closest) equivalents between the economic crises of President Swift faces and those of the Great Depression?

I don't see any related issues to this.


Which New Deal policies “fixed” those Great Depression issues? Will these same policies prove effective or re-usable in our own time?

Unsure, I don't think anything will be reusable.


What are your suggested program(s) or “fix” for each specific crisis?

Well if the FEMA goes around and make sure people have food and water so that people don't have to worry about all the food/water going around the country.


What is your justification for each program you suggest? How effective do you believe they will be?

It'll help everyone out because not so many people have to worry about the food and water in their state of business and to make sure they were succeeding.