26.2.3 and 4

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  1. I.                   The Scandinavian States
    • a.      successful with Great Depression
    • b.      Socialist parties grew and between wars headed governments of Sweden, Denmark, Norway and Fnlad
    •                                                               i.      encouraged development of rural and industrial cooperationve enterprises
    •                                                             ii.      90% of milk industryà cooperative
  2. Social services
    •                                                               i.      greatly expanded social services: increase old-age pensions and unemployment insurance, free prenatal care, maternity allowances, etc.
    • 1.      to achieve social welfare states, they required high taxes and large bureaucracies, but this didn’t prevent their prospering
    • b.      greater rise in real wages than any other country
  3. The US
    • a.      US was second most affected
    •                                                               i.      industrial production down by 50%; 15 million unemployed
    • 1.      Democratic Franklin Delano Roosevelt won election
    • b.      Roosevelt pursued policy of active government intervention in economy called New Deal
  4. New Deal did what?
    •                                                               i.      created variety of agencies designed to brign relief, recovery, and reform
    • 1.      to support banks, they created Federal Deposit Insurance Corporation
    • a.      insured safety of bank deposits up to $5000
    • 2.      Federal Emergency Relief Administration provided funds to help states and local communities meet the needs of the destitute and the homeless
  5. Civilian Conservation COrps
    • 1.      Civilian Conservation Corps employed more than 2 million people on reforestation projects and federal road and conservation projects
    • b.      efforts of Roosevelt led to slow recovery and were criticizedà Second New Deal
    •                                                               i.      stepped-up program of public works, like the Works Prgogress Administration
  6. Government organization
    • 1.      government organization employed between 2 and 3 million people who worked at building bridges, roads, etc.
    • 2.      also responsible for social legislation that launched the American welfare state
    • a.      1935: Social Secury Act created system of old-age pensions and unemployment insurance
    •                                                             ii.      National Labor Relations Act of 1935 encouraged the rapid growth of labor unions
  7. The New Deal provided
    • a.      The New Deal provided some social reform measures in the US
    •                                                               i.      didn’t solve unemployment
    •                                                             ii.      After partial recovery, the economy experienced another rdownturn during winter of 1937-38
    • 1.      May 1937: American unemployment-= 7 millionà 11 million
    •                                                           iii.      WWII and subsequent growth of armaments led to full employment
Card Set:
26.2.3 and 4
2013-04-15 15:17:06
HON 122

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