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Chapter 36 - The Great Depression and the New Deal

New Deal

After Franklin Roosevelt was inaugurated in 1933, he decided the U.S. must improve economically to recover from the Great Depression. His policy, the New Deal, focused on relief, recovery, and reform. Short term goals were relief and immediate recovery. Permanent recovery and reform were done by long-range goals. Programs were established to improve unemployment, regulate minimum wage, and reform many other social issues.

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Parity

A plan to help farmers injured from low prices and over-production. From 1909-1914, farms had enjoyed a period of prosperity. Parity was the price placed on a product that gave it the same value, in buying power, that it had from 1909-1914. The AAA paid farmers to reduce production. The payment for this came from taxes gotten from the makers of expensive farm equipment.

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John L. Lewis

John L. Lewis was the leader of the United Mine Workers. He also formed the CIO (Committee for Industrial Organization). He led a "sit-down" strike on General Motors at Flint, Michigan in 1936. Unionists from the Republic Steel Co. wanted to join the CIO, and a fight broke out in 1937 called the

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