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136-430: The four schools involved can trace the beginning of their ice hockey teams to at least 1905 with Yale's inaugural season in 1895–96 serving as the unofficial dawn of college ice hockey. All four teams were able to lay claim to a championship since their inception but no formal structure existed to dictate whether one team was superior to another. At the height of the depression , while many programs were in danger of ending,

272-626: A deflationary spiral started in 1931. Farmers faced a worse outlook; declining crop prices and a Great Plains drought crippled their economic outlook. At its peak, the Great Depression saw nearly 10% of all Great Plains farms change hands despite federal assistance. At first, the decline in the U.S. economy was the factor that triggered economic downturns in most other countries due to a decline in trade, capital movement, and global business confidence. Then, internal weaknesses or strengths in each country made conditions worse or better. For example,

408-418: A silver standard , almost avoided the depression entirely. The connection between leaving the gold standard as a strong predictor of that country's severity of its depression and the length of time of its recovery has been shown to be consistent for dozens of countries, including developing countries . This partly explains why the experience and length of the depression differed between regions and states around

544-483: A dual-authority supervisory staff: firstly, Department of War personnel or Reserve officers (until July 1, 1939), a "company commander" and junior officer, who were responsible for overall camp operation, logistics, education and training; and secondly, ten to fourteen technical service civilians, including a camp "superintendent" and "foreman", employed by either the Departments of Interior or Agriculture, responsible for

680-588: A former privately run bank, bearing no relation to the U.S. government (not to be confused with the Federal Reserve ). Unable to pay out to all of its creditors, the bank failed. Among the 608 American banks that closed in November and December 1930, the Bank of United States accounted for a third of the total $ 550 million deposits lost and, with its closure, bank failures reached a critical mass. In an initial response to

816-475: A full-scale national program to Congress on March 21, 1933: I propose to create [the CCC] to be used in complex work, not interfering with normal employment and confining itself to forestry, the prevention of soil erosion, flood control, and similar projects. I call your attention to the fact that this type of work is of definite, practical value, not only through the prevention of great present financial loss but also as

952-454: A greater public awareness and appreciation of the outdoors and the nation's natural resources, and the continued need for a carefully planned, comprehensive national program for the protection and development of natural resources. The CCC operated separate programs for veterans and Native Americans. Approximately 15,000 Native Americans took part in the program, helping them weather the Great Depression. By 1942, with World War II raging and

1088-459: A greater reduction in credit. On 5 April 1933, President Roosevelt signed Executive Order 6102 making the private ownership of gold certificates , coins and bullion illegal, reducing the pressure on Federal Reserve gold. British economist John Maynard Keynes argued in The General Theory of Employment, Interest and Money that lower aggregate expenditures in the economy contributed to

1224-433: A majority of which were non-farm; 45% came from urban areas. Level of education for the enrollee averaged 3% illiterate; 38% had less than eight years of school; 48% did not complete high school; and 11% were high school graduates. At the time of entry, 70% of enrollees were malnourished and poorly clothed. Few had work experience beyond occasional odd jobs. Peace was maintained by the threat of "dishonorable discharge". "This

1360-515: A massive decline in income and to employment that was well below the average. In such a situation, the economy reached equilibrium at low levels of economic activity and high unemployment. Civilian Conservation Corps The Civilian Conservation Corps ( CCC ) was a voluntary government work relief program that ran from 1933 to 1942 in the United States for unemployed, unmarried men ages 18–25 and eventually expanded to ages 17–28. The CCC

1496-426: A means of creating future national wealth. He promised this law would provide 250,000 young men with meals, housing, workwear , and medical care in exchange for their work in the national forests and other government properties. The Emergency Conservation Work (ECW) Act was introduced to Congress the same day and enacted by voice vote on March 31. Roosevelt issued Executive Order 6101 on April 5, 1933, which established

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1632-596: A modern industrial city handled shortages of money and resources. Often they updated strategies their mothers used when they were growing up in poor families. Cheap foods were used, such as soups, beans and noodles. They purchased the cheapest cuts of meat—sometimes even horse meat—and recycled the Sunday roast into sandwiches and soups. They sewed and patched clothing, traded with their neighbors for outgrown items, and made do with colder homes. New furniture and appliances were postponed until better days. Many women also worked outside

1768-402: A monetary contraction first-hand were forced to join the deflationary policy since higher interest rates in countries that performed a deflationary policy led to a gold outflow in countries with lower interest rates. Under the gold standard's price–specie flow mechanism , countries that lost gold but nevertheless wanted to maintain the gold standard had to permit their money supply to decrease and

1904-502: A monthly wage of $ 30 (equivalent to $ 706 in 2023), $ 25 of which (equivalent to $ 588 in 2023) had to be sent home to their families. The American public made the CCC the most popular of all the New Deal programs. Sources written at the time claimed an individual's enrollment in the CCC led to improved physical condition, heightened morale, and increased employability . The CCC also led to

2040-531: A ruling that Reserve officers on CCC duty had to have the same housing and subsistence benefits as Regular officers, President Roosevelt directed that all Reservists be relieved from CCC duty effective 1 July 1939. The changeover was complete by September 1939, but it was a change largely in name only because many of the Reservists merely took off their uniforms and continued their jobs with the CCC as civilians, albeit with lower pay. The Army found numerous benefits in

2176-563: A serious issue in the 1930s. Support for increasing welfare programs during the depression included a focus on women in the family. The Conseil Supérieur de la Natalité campaigned for provisions enacted in the Code de la Famille (1939) that increased state assistance to families with children and required employers to protect the jobs of fathers, even if they were immigrants. In rural and small-town areas, women expanded their operation of vegetable gardens to include as much food production as possible. In

2312-474: A small cadre of Labour, but the vast majority of Labour leaders denounced MacDonald as a traitor for leading the new government. Britain went off the gold standard , and suffered relatively less than other major countries in the Great Depression. In the 1931 British election, the Labour Party was virtually destroyed, leaving MacDonald as prime minister for a largely Conservative coalition. In most countries of

2448-519: A smaller counterpart program for unemployed women called the She-She-She Camps , which were championed by Eleanor Roosevelt . Robert Fechner was the first director of this agency, succeeded by James McEntee following Fechner's death. The largest enrollment at any one time was 300,000. Through the course of its nine years in operation, three million young men took part in the CCC, which provided them with shelter, clothing, and food, together with

2584-699: A standstill agreement froze Germany's foreign liabilities for six months. Germany received emergency funding from private banks in New York as well as the Bank of International Settlements and the Bank of England. The funding only slowed the process. Industrial failures began in Germany, a major bank closed in July and a two-day holiday for all German banks was declared. Business failures were more frequent in July, and spread to Romania and Hungary. The crisis continued to get worse in Germany, bringing political upheaval that finally led to

2720-506: A strong work ethic, strengthen their leadership skills, and learn how to take personal responsibility for their actions. VYCC Crews work at VT State Parks, U.S. Forest Service Campgrounds, in local communities, and throughout the state's backcountry. The VYCC has also given aid to a similar program in North Carolina, which is currently in its infancy. The Youth Conservation Corps is a youth conservation program present in federal lands around

2856-630: Is a social enterprise , based in Netherlands, that has taken its inspiration from the Civilian Conservation Corps in running a permanent youth training program, supported by veterans , to manage ocean areas and carry out underwater landscape restoration. Unemployed youths are trained up as Sea Rangers during a bootcamp and subsequently offered full-time employment to manage and regenerate Marine Protected Areas and aid ocean conservation . The Sea Ranger Service works in close cooperation with

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2992-642: Is a consensus that the Federal Reserve System should have cut short the process of monetary deflation and banking collapse, by expanding the money supply and acting as lender of last resort . If they had done this, the economic downturn would have been far less severe and much shorter. Modern mainstream economists see the reasons in Insufficient spending, the money supply reduction, and debt on margin led to falling prices and further bankruptcies ( Irving Fisher 's debt deflation). The monetarist explanation

3128-652: Is a non-profit employment, job training, and education organization with locations across the United States including Arizona Conservation Corps in Tucson and Flagstaff, Arizona ; Conservation Corps New Mexico in Las Cruces, New Mexico ; Southwest Conservation Corps in Durango and Salida, Colorado ; and Southeast Conservation Corps in Chattanooga, Tennessee . Conservation Legacy also operates an AmeriCorps VISTA team serving to improve

3264-642: Is a sub-agency of the Washington State Department of Ecology. It employs men and women 18 to 25 years old in a program to protect and enhance Washington's natural resources. WCC is a part of the AmeriCorps program. The Vermont Youth Conservation Corps (VYCC) is a non-profit, youth service and education organization that hires Corps Members, aged 16–24, to work on high-priority conservation projects in Vermont. Through these work projects, Corps Members develop

3400-473: Is a training station; we're going to leave morally and physically fit to lick 'Old Man Depression,'" boasted the newsletter, Happy Days, of a North Carolina camp. Because of the power of conservative Solid South white Democrats in Congress, who insisted on racial segregation, most New Deal programs were racially segregated; African American and white people rarely worked alongside each other. At this time, all

3536-561: Is an American YouthWorks program which allows youth, ages 17 to 28, to contribute to the restoration and preservation of parks and public lands in Texas. The only conservation corps in Texas, TxcC is a nonprofit corporation based in Austin, Texas , which serves the entire state. Their work ranges from disaster relief to trail building to habitat restoration. TxCC has done projects in national, state, and city parks. The Washington Conservation Corps (WCC)

3672-493: Is supported by the contrast in how the crisis progressed in, e.g., Britain, Argentina and Brazil, all of which devalued their currencies early and returned to normal patterns of growth relatively rapidly and countries which stuck to the gold standard , such as France or Belgium. Frantic attempts by individual countries to shore up their economies through protectionist policies – such as the 1930 U.S. Smoot–Hawley Tariff Act and retaliatory tariffs in other countries – exacerbated

3808-472: The 1932 election , Hoover was defeated by Franklin D. Roosevelt , who from 1933 pursued a series of " New Deal " policies and programs to provide relief and create jobs, including the Civilian Conservation Corps , Federal Emergency Relief Administration , Tennessee Valley Authority , and Works Progress Administration . Historians disagree on the effects of the New Deal, with some claiming that

3944-581: The California Conservation Corps . This program had many similar characteristics - residential centers, high expectations for participation, and emphasis on hard work on public lands. Young adults from different backgrounds were recruited for a term of one year. Corps members attended a training session called the Corpsmember Orientation Motivation Education and Training (COMET) program before being assigned to one of

4080-560: The Emergency Relief Appropriation Act of 1935 , on April 8, 1935, which included continued funding for the CCC program through March 31, 1937. The age limit was expanded to 17–28 to include more men. April 1, 1935, to March 31, 1936, was the period of greatest activity and work accomplished by the CCC program. Enrollment peaked at 505,782 in about 2,900 camps by August 31, 1935, followed by a reduction to 350,000 enrollees in 2,019 camps by June 30, 1936. During this period

4216-532: The National Association of Service and Conservation Corps (NASCC), works to expand and enhance corps-type programs throughout the country. The Corps Network began in 1985 when the nation's first 24 Corps directors banded together to secure an advocate at the federal level and a repository of information on how best to start and manage a corps. Early financial assistance from the Ford , Hewlett and Mott Foundations

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4352-565: The New York Bank of United States – which produced panic and widespread runs on local banks, and the Federal Reserve sat idly by while banks collapsed. Friedman and Schwartz argued that, if the Fed had provided emergency lending to these key banks, or simply bought government bonds on the open market to provide liquidity and increase the quantity of money after the key banks fell, all the rest of

4488-592: The Regular Army 's 13,000 officers and 4,600 of its 120,000 enlisted men were assigned in the spring of 1933 to administer the CCC. The troops were pulled from just about every source possible, but usually from the Army’s combat regiments and battalions, and Army instructors on duty with ROTC , Organized Reserve , and National Guard organizations. In at least one case each, district personnel were drawn from an engineer regiment and an Air Corps group. MacArthur soon said that

4624-823: The United States , the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. The Depression was preceded by a period of industrial growth and social development known as the " Roaring Twenties ". Much of the profit generated by the boom was invested in speculation , such as on the stock market , which resulted in growing wealth inequality . Banks were subject to minimal regulation under laissez-faire economic policies, resulting in loose lending and widespread debt. By 1929, declining spending had led to reductions in manufacturing output and rising unemployment . Share values continued to rise until

4760-530: The Western Defense Command 's Enemy Alien Control Program, as well as Axis prisoners of war . Most of the Japanese American internment camps were built by the people held there. After the CCC disbanded, the federal agencies responsible for public lands organized their own seasonal fire crews, modeled after the CCC. These have performed a firefighting function formerly done by the CCC and provided

4896-651: The Works Progress Administration also had some responsibilities. About 5,000 reserve officers serving in the camps were affected, as they were transferred to federal Civil Service , and military ranks and titles were eliminated. Despite the loss of overt military leadership in the camps by July 1940, with war underway in Europe and Asia, the government directed an increasing number of CCC projects to resources for national defense. It developed infrastructure for military training facilities and forest protection. By 1940

5032-506: The attack on Pearl Harbor in December 1941, the Roosevelt administration directed all federal programs to emphasize the war effort. Most CCC work, except for wildland firefighting, was shifted onto U.S. military bases to help with construction. The CCC disbanded one year earlier than planned, as the 77th United States Congress ceased funding it. Operations were formally concluded at the end of

5168-525: The coming to power of Hitler's Nazi regime in January 1933. The world financial crisis now began to overwhelm Britain; investors around the world started withdrawing their gold from London at the rate of £2.5 million per day. Credits of £25 million each from the Bank of France and the Federal Reserve Bank of New York and an issue of £15 million fiduciary note slowed, but did not reverse,

5304-447: The 1937 recession that interrupted it). The common view among most economists is that Roosevelt's New Deal policies either caused or accelerated the recovery, although his policies were never aggressive enough to bring the economy completely out of recession. Some economists have also called attention to the positive effects from expectations of reflation and rising nominal interest rates that Roosevelt's words and actions portended. It

5440-795: The British crisis. The financial crisis now caused a major political crisis in Britain in August 1931. With deficits mounting, the bankers demanded a balanced budget; the divided cabinet of Prime Minister Ramsay MacDonald's Labour government agreed; it proposed to raise taxes, cut spending, and most controversially, to cut unemployment benefits 20%. The attack on welfare was unacceptable to the Labour movement. MacDonald wanted to resign, but King George V insisted he remain and form an all-party coalition " National Government ". The Conservative and Liberals parties signed on, along with

5576-637: The CCC forces contributed to disaster relief following 1937 floods in New York, Vermont, and the Ohio and Mississippi river valleys, and response and clean-up after the 1938 hurricane in New England . In 1939 Congress ended the independent status of the CCC, transferring it to the control of the Federal Security Agency . The National Youth Administration , U.S. Employment Service , the Office of Education , and

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5712-514: The CCC organization and appointed a director, Robert Fechner , a former labor union official who served until 1939. The organization and administration of the CCC was a new experiment in operations for a federal government agency. The order directed that the program be supervised jointly by four government departments: Labor , which recruited the young men; War , which operated the camps; the Agriculture ; and Interior , which organized and supervised

5848-767: The CCC program on May 11, 1933, to include work opportunities for veterans. Veteran qualifications differed from the junior enrollee; one needed to be certified by the Veterans Administration by an application. They could be any age, and married or single as long as they were in need of work. Veterans were generally assigned to entire veteran camps. Enrollees were eligible for the following "rated" positions to help with camp administration: senior leader, mess steward, storekeeper and two cooks; assistant leader, company clerk, assistant educational advisor and three second cooks. These men received additional pay ranging from $ 36 to $ 45 per month depending on their rating. Each CCC camp

5984-403: The CCC provided an ideology of manly outdoor work to counter the Depression, as well as cash to help the family budget. Through a regime of heavy manual labor, civic and political education, and an all-male living and working environment, the CCC tried to build "better men" who would be economically independent and self-reliant. By 1939, there was a shift in the ideal from the hardy manual worker to

6120-502: The CCC was no longer wholly a relief agency, was rapidly losing its non-military character, and it was becoming a system for work-training, as its ranks had become increasingly younger and inexperienced. Although the CCC was probably the most popular New Deal program, it never was authorized as a permanent agency. The program was reduced in scale as the Depression waned and employment opportunities improved. After conscription began in 1940 , fewer eligible young men were available. Following

6256-504: The Corps was not possible. Enrollees worked 40 hours per week over five days, sometimes including Saturdays if poor weather dictated. In return they received $ 30 per month (equivalent to $ 710 in 2023) with a compulsory allotment of $ 25 (about equivalent to $ 590 in 2023) sent to a family dependent, as well as housing, food, clothing, and medical care. Following the second Bonus Army march on Washington, D.C., President Roosevelt amended

6392-533: The Corps. William Green , head of the American Federation of Labor , was taken to the first camp to see that there was no job training involved beyond simple manual labor. Officers from the U.S. Army were in charge of the camps, but there was no military training. The Chief of Staff of the United States Army , General Douglas MacArthur , was placed in charge of the program. Initially, about 3,800 of

6528-464: The Depression. Businessmen ignored the mounting national debt and heavy new taxes, redoubling their efforts for greater output to take advantage of generous government contracts. During World War I many countries suspended their gold standard in varying ways. There was high inflation from WWI, and in the 1920s in the Weimar Republic , Austria , and throughout Europe. In the late 1920s there

6664-536: The Deputy Director of the Corporate Eco Forum (CEF) founded by M. R. Rangaswami , and their team of strategic advisors have reimagined the federal Civilian Conservation Corps program of the 1930s as a private, locally governed, national social franchise. The goal of this recently established CCCUSA is to enroll a million young people annually, building a core set of values in each enrollee, who will then become

6800-514: The Dow returning to 294 (pre-depression levels) in April 1930, before steadily declining for years, to a low of 41 in 1932. At the beginning, governments and businesses spent more in the first half of 1930 than in the corresponding period of the previous year. On the other hand, consumers, many of whom suffered severe losses in the stock market the previous year, cut expenditures by 10%. In addition, beginning in

6936-480: The Federal Reserve did not act to limit the decline of the money supply was the gold standard . At that time, the amount of credit the Federal Reserve could issue was limited by the Federal Reserve Act , which required 40% gold backing of Federal Reserve Notes issued. By the late 1920s, the Federal Reserve had almost hit the limit of allowable credit that could be backed by the gold in its possession. This credit

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7072-442: The Great Depression is right, or the traditional Keynesian explanation that a fall in autonomous spending, particularly investment, is the primary explanation for the onset of the Great Depression. Today there is also significant academic support for the debt deflation theory and the expectations hypothesis that – building on the monetary explanation of Milton Friedman and Anna Schwartz – add non-monetary explanations. There

7208-639: The Great Depression. According to the U.S. Senate website, the Smoot–Hawley Tariff Act is among the most catastrophic acts in congressional history. Many economists have argued that the sharp decline in international trade after 1930 helped to worsen the depression, especially for countries significantly dependent on foreign trade. Most historians and economists blame the Act for worsening the depression by seriously reducing international trade and causing retaliatory tariffs in other countries. While foreign trade

7344-616: The Indians' own undertaking". Educational programs trained participants in gardening, stock raising, safety, native arts, and some academic subjects. IECW differed from other CCC activities in that it explicitly trained men in skills to be carpenters, truck drivers, radio operators, mechanics, surveyors, and technicians. With the passage of the National Defense Vocational Training Act of 1941 , enrollees began participating in defense-oriented training. The government paid for

7480-588: The Labor-Federal Security Appropriation Act (56 Stat. 569) on July 2, 1942, and virtually completed on June 30, 1943. Liquidation appropriations for the CCC continued through April 20, 1948. Some former CCC sites in good condition were reactivated from 1941 to 1947 as Civilian Public Service camps where conscientious objectors performed "work of national importance" as an alternative to military service. Other camps were used to hold Japanese , German and Italian Americans interned under

7616-476: The Local Experienced Men (LEM) program. The typical CCC enrollee was a U.S. citizen, unmarried, unemployed male, 18–25 years of age. Normally his family was on local relief. Each enrollee volunteered and, upon passing a physical exam and/or a period of conditioning, was required to serve a minimum six-month period, with the option to serve as many as four periods, or up to two years if employment outside

7752-473: The New Deal prolonged the Great Depression, as they argue that National Industrial Recovery Act of 1933 and National Labor Relations Act of 1935 restricted competition and established price fixing. John Maynard Keynes did not think that the New Deal under Roosevelt single-handedly ended the Great Depression: "It is, it seems, politically impossible for a capitalistic democracy to organize expenditure on

7888-540: The U.K. economy, which experienced an economic downturn throughout most of the late 1920s, was less severely impacted by the shock of the depression than the U.S. By contrast, the German economy saw a similar decline in industrial output as that observed in the U.S. Some economic historians attribute the differences in the rates of recovery and relative severity of the economic decline to whether particular countries had been able to effectively devaluate their currencies or not. This

8024-485: The U.S. unemployment rate down below 10%. World War II had a dramatic effect on many parts of the American economy. Government-financed capital spending accounted for only 5% of the annual U.S. investment in industrial capital in 1940; by 1943, the government accounted for 67% of U.S. capital investment. The massive war spending doubled economic growth rates, either masking the effects of the Depression or essentially ending

8160-622: The United States, agricultural organizations sponsored programs to teach housewives how to optimize their gardens and to raise poultry for meat and eggs. Rural women made feed sack dresses and other items for themselves and their families and homes from feed sacks. In American cities, African American women quiltmakers enlarged their activities, promoted collaboration, and trained neophytes. Quilts were created for practical use from various inexpensive materials and increased social interaction for women and promoted camaraderie and personal fulfillment. Oral history provides evidence for how housewives in

8296-543: The United States, remained on the gold standard into 1932 or 1933, while a few countries in the so-called "gold bloc", led by France and including Poland, Belgium and Switzerland, stayed on the standard until 1935–36. According to later analysis, the earliness with which a country left the gold standard reliably predicted its economic recovery. For example, The UK and Scandinavia, which left the gold standard in 1931, recovered much earlier than France and Belgium, which remained on gold much longer. Countries such as China, which had

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8432-632: The Wall Street crash, after which the slide continued for three years, which was accompanied by a loss of confidence in the financial system. By 1933, the U.S. unemployment rate had risen to 25 percent, about one-third of farmers had lost their land, and about half of the country's 25,000 banks had gone out of business. Many people, unable to pay mortgages or rent, became homeless and relied on begging or charities to feed themselves. The U.S. federal government initially did little to help. President Herbert Hoover , like many of his fellow Republicans , believed in

8568-455: The banks would not have fallen after the large ones did, and the money supply would not have fallen as far and as fast as it did. With significantly less money to go around, businesses could not get new loans and could not even get their old loans renewed, forcing many to stop investing. This interpretation blames the Federal Reserve for inaction, especially the New York branch . One reason why

8704-465: The behavior of housewives. The common view among economic historians is that the Great Depression ended with the advent of World War II . Many economists believe that government spending on the war caused or at least accelerated recovery from the Great Depression, though some consider that it did not play a very large role in the recovery, though it did help in reducing unemployment. The rearmament policies leading up to World War II helped stimulate

8840-697: The camps. Director Fechner refused to appoint Black adults to any supervisory positions except that of education director in the all-Black camps. The CCC operated a separate division for members of federally recognized tribes : the "Indian Emergency Conservation Work Division" (IECW or CCC-ID). Native men from reservations worked on roads, bridges, clinics, shelters, and other public works near their reservations . Although they were organized as groups classified as camps, no permanent camps were established for Native Americans. Instead, organized groups moved with their families from project to project and were provided with an additional rental allowance. The CCC often provided

8976-564: The catalyst in their own communities and states to create a more civil society and stronger nation. The CCC program became a model for the creation of team-based national service youth conservation programs such as the Student Conservation Association (SCA). The SCA, founded in 1959, is a nonprofit organization that offers conservation internships and summer trail crew opportunities to more than 4,000 people each year. In 1976, Governor of California Jerry Brown established

9112-554: The chance to lead large numbers of enlisted men. Future Chief of Staff of the Army General George C. Marshall "embraced" the CCC, unlike many of his brother officers. An implicit goal of the CCC was to restore morale in an era of 25% unemployment for all men and much higher rates for poorly educated teenagers. Jeffrey Suzik argues in "'Building Better Men': The CCC Boy and the Changing Social Ideal of Manliness" that

9248-442: The classes and after students completed courses and passed a competency test, guaranteed automatic employment in defense work. A total of 85,000 Native Americans were enrolled in this training. This proved valuable social capital for the 24,000 alumni who later served in the military and the 40,000 who left the reservations for city jobs supporting the war effort. Responding to public demand to alleviate unemployment, Congress approved

9384-458: The collapse in global trade, contributing to the depression. By 1933, the economic decline pushed world trade to one third of its level compared to four years earlier. While the precise causes for the occurrence of the Great depression are disputed and can be traced to both global and national phenomena, its immediate origins are most conveniently examined in the context of the U.S. economy, from which

9520-567: The country. The program gives youth aged 13–17 the opportunity to participate in conservation projects in a team setting. YCC programs are available in land managed by the National Park Service, the Forest Service, and the Fish and Wildlife Service. Projects can last up to 10 weeks and typically run over the summer. Some YCC programs are residential, meaning the participants are given housing on

9656-475: The crash was a mere symptom of more general economic trends of the time, which had already been underway in the late 1920s. A contrasting set of views, which rose to prominence in the later part of the 20th century, ascribes a more prominent role to failures of monetary policy . According to those authors, while general economic trends can explain the emergence of the downturn, they fail to account for its severity and longevity; they argue that these were caused by

9792-620: The crisis, the U.S. Congress passed the Smoot–Hawley Tariff Act on 17 June 1930. The Act was ostensibly aimed at protecting the American economy from foreign competition by imposing high tariffs on foreign imports. The consensus view among economists and economic historians (including Keynesians , Monetarists and Austrian economists ) is that the passage of the Smoot–Hawley Tariff had, in fact, achieved an opposite effect to what

9928-633: The decade. The Depression had devastating economic effects on both wealthy and poor countries: all experienced drops in personal income , prices ( deflation ), tax revenues, and profits. International trade fell by more than 50%, and unemployment in some countries rose as high as 33%. Cities around the world , especially those dependent on heavy industry , were heavily affected. Construction virtually halted in many countries, and farming communities and rural areas suffered as crop prices fell by up to 60%. Faced with plummeting demand and few job alternatives, areas dependent on primary sector industries suffered

10064-408: The depression. Not all governments enforced the same measures of protectionism. Some countries raised tariffs drastically and enforced severe restrictions on foreign exchange transactions, while other countries reduced "trade and exchange restrictions only marginally": The gold standard was the primary transmission mechanism of the Great Depression. Even countries that did not face bank failures and

10200-551: The development of job and life skills by conservation and community service work. The Montana Conservation Corps (MCC) is a non-profit organization with a mission to equip young people with the skills and values to be vigorous citizens who improve their communities and environment. Collectively, MCC crews contribute more than 90,000 work hours each year. The MCC was established in 1991 by Montana 's Human Resource Development Councils in Billings , Bozeman and Kalispell . Originally, it

10336-659: The director of the CCC-ID, both based the program on Indian self-rule and the restoration of tribal lands, governments, and cultures. The next year, Congress passed the Indian Reorganization Act of 1934 , which ended allotments and helped preserve tribal lands, and encouraged tribes to re-establish self-government. Collier said of the CCC-Indian Division, "no previous undertaking in Indian Service has so largely been

10472-435: The domestic price level to decline ( deflation ). There is also consensus that protectionist policies, and primarily the passage of the Smoot–Hawley Tariff Act , helped to exacerbate, or even cause the Great Depression. Some economic studies have indicated that the rigidities of the gold standard not only spread the downturn worldwide, but also suspended gold convertibility (devaluing the currency in gold terms) that did

10608-642: The draft in effect, the need for work relief declined, and Congress voted to close the program. As governor of New York , Franklin D. Roosevelt had run a similar program on a much smaller scale, known as the Temporary Emergency Relief Administration (TERA). It was started in early 1932 to "use men from the lists of the unemployed to improve our existing reforestation areas." In its first year alone, more than 25,000 unemployed New Yorkers were active in its paid conservation work. Long interested in conservation, as president Roosevelt proposed

10744-402: The drop in demand. Monetarists believe that the Great Depression started as an ordinary recession, but the shrinking of the money supply greatly exacerbated the economic situation, causing a recession to descend into the Great Depression. Economists and economic historians are almost evenly split as to whether the traditional monetary explanation that monetary forces were the primary cause of

10880-427: The economies of Europe in 1937–1939. By 1937, unemployment in Britain had fallen to 1.5 million. The mobilization of manpower following the outbreak of war in 1939 ended unemployment. The American mobilization for World War II at the end of 1941 moved approximately ten million people out of the civilian labor force and into the war. This finally eliminated the last effects from the Great Depression and brought

11016-499: The end of September 1933, the number of Regular officers on CCC duty had dropped to about 2,000 and the number of Reservists had increased to 2,200. By June 1934, only 400 Regular officers remained on CCC duty, and by October, Reserve officers had assumed command of almost all CCC companies and sub-districts. Effective on 1 January 1938, the War Department limited the number of Regular officers assigned to CCC duty to only 117. Due to

11152-576: The end of the month. A large sell-off of stocks began in mid-October. Finally, on 24 October, Black Thursday , the American stock market crashed 11% at the opening bell. Actions to stabilize the market failed, and on 28 October, Black Monday, the market crashed another 12%. The panic peaked the next day on Black Tuesday, when the market saw another 11% drop. Thousands of investors were ruined, and billions of dollars had been lost; many stocks could not be sold at any price. The market recovered 12% on Wednesday but by then significant damage had been done. Though

11288-972: The environment and economies of historic mining communities in the American West and Appalachia . Conservation Legacy also hosts the Environmental Stewards Program - providing internships with federal, state, municipal and NGO land management agencies nationwide. Conservation Legacy formed as a merger of the Southwest Youth Corps, San Luis Valley Youth Corps, The Youth Corps of Southern Arizona, and Coconino Rural Environmental Corps. Conservation Legacy engages young adults ages 14 to 26 and U.S. military veterans of all ages in personal and professional development experiences involving conservation projects on public lands. Corp members live, work, and learn in teams of six to eight for terms of service ranging from 3 months to 1 year. The Sea Ranger Service

11424-494: The explanations of the Keynesians and monetarists. The consensus among demand-driven theories is that a large-scale loss of confidence led to a sudden reduction in consumption and investment spending. Once panic and deflation set in, many people believed they could avoid further losses by keeping clear of the markets. Holding money became profitable as prices dropped lower and a given amount of money bought ever more goods, exacerbating

11560-462: The federal fiscal year on June 30, 1942. The end of the CCC program and closing of the camps involved arrangements to leave the incomplete work projects in the best possible state, the separation of about 1,800 appointed employees, the transfer of CCC property to the War and Navy Departments and other agencies, and the preparation of final accountability records. Liquidation of the CCC was ordered by Congress by

11696-503: The few women in the labor force, layoffs were less common in the white-collar jobs and they were typically found in light manufacturing work. However, there was a widespread demand to limit families to one paid job, so that wives might lose employment if their husband was employed. Across Britain, there was a tendency for married women to join the labor force, competing for part-time jobs especially. In France, very slow population growth, especially in comparison to Germany continued to be

11832-448: The first few weeks of operation, CCC camps in the North were integrated . By July 1935, however, all camps in the United States were segregated. Enrollment peaked at the end of 1935, when there were 500,000 men in 2,600 camps in operation in every state. All received equal pay and housing. Black leaders lobbied to secure leadership roles. Adult white men held the major leadership roles in all

11968-501: The first week of June, 540 million in the second, and 150 million in two days, 19–20 June. Collapse was at hand. U.S. President Herbert Hoover called for a moratorium on payment of war reparations . This angered Paris, which depended on a steady flow of German payments, but it slowed the crisis down, and the moratorium was agreed to in July 1931. An International conference in London later in July produced no agreements but on 19 August

12104-599: The government tried to reshape private household consumption under the Four-Year Plan of 1936 to achieve German economic self-sufficiency. The Nazi women's organizations, other propaganda agencies and the authorities all attempted to shape such consumption as economic self-sufficiency was needed to prepare for and to sustain the coming war. The organizations, propaganda agencies and authorities employed slogans that called up traditional values of thrift and healthy living. However, these efforts were only partly successful in changing

12240-509: The highly trained citizen soldier ready for war. The legislation and mobilization of the program occurred quite rapidly. Roosevelt made his request to Congress on March 21, 1933; the legislation was submitted to Congress the same day; Congress passed it by voice vote on March 31; Roosevelt signed it the same day, then issued an executive order on April 5 creating the agency, appointing Fechner its director, and assigning War Department corps area commanders to begin enrollment. The first CCC enrollee

12376-519: The home, or took boarders, did laundry for trade or cash, and did sewing for neighbors in exchange for something they could offer. Extended families used mutual aid—extra food, spare rooms, repair-work, cash loans—to help cousins and in-laws. In Japan, official government policy was deflationary and the opposite of Keynesian spending. Consequently, the government launched a campaign across the country to induce households to reduce their consumption, focusing attention on spending by housewives. In Germany,

12512-528: The ice hockey teams at four of the wealthiest institutions in the United States were able to stabilize their schedules by forming the Quadrangular League, an outgrowth of the previous Triangular Hockey League . The four team league remained in place until 1943 when both Harvard and Princeton suspended their ice hockey programs due to America's participation in World War II . The league resurfaced after

12648-514: The initial crisis spread to the rest of the world. In the aftermath of World War I , the Roaring Twenties brought considerable wealth to the United States and Western Europe. Initially, the year 1929 dawned with good economic prospects: despite a minor crash on 25 March 1929, the market seemed to gradually improve through September. Stock prices began to slump in September, and were volatile at

12784-543: The lack of an adequate response to the crises of liquidity that followed the initial economic shock of 1929 and the subsequent bank failures accompanied by a general collapse of the financial markets. After the Wall Street Crash of 1929 , when the Dow Jones Industrial Average dropped from 381 to 198 over the course of two months, optimism persisted for some time. The stock market rose in early 1930, with

12920-404: The land they work on. Projects may necessitate youth to camp in backcountry settings in order to work on trails or campsites. Most require youth to commute daily or house youth for only a few days a week. Youth are typically paid for their work. YCC programs contribute to the maintenance of public lands and instill a value for hard work and the outdoors in those who participate. Conservation Legacy

13056-461: The market entered a period of recovery from 14 November until 17 April 1930, the general situation had been a prolonged slump. From 17 April 1930 until 8 July 1932, the market continued to lose 89% of its value. Despite the crash, the worst of the crisis did not reverberate around the world until after 1929. The crisis hit panic levels again in December 1930, with a bank run on the Bank of United States ,

13192-691: The men at work and in the barracks. The CCC performed 300 types of work projects in nine approved general classifications: The responses to this seven-month experimental conservation program were enthusiastic. On October 1, 1933, Director Fechner was directed to arrange for the second period of enrollment. By January 1934, 300,000 men were enrolled. In July 1934, this cap was increased by 50,000 to include men from Midwest states that had been affected by drought. The temporary tent camps had also developed to include wooden barracks. An education program had been established, emphasizing job training and literacy. Approximately 55% of enrollees were from rural communities,

13328-414: The mid-1930s, a severe drought ravaged the agricultural heartland of the U.S. Interest rates dropped to low levels by mid-1930, but expected deflation and the continuing reluctance of people to borrow meant that consumer spending and investment remained low. By May 1930, automobile sales declined to below the levels of 1928. Prices, in general, began to decline, although wages held steady in 1930. Then

13464-423: The monetary base and by not injecting liquidity into the banking system to prevent it from crumbling, the Federal Reserve passively watched the transformation of a normal recession into the Great Depression. Friedman and Schwartz argued that the downward turn in the economy, starting with the stock market crash, would merely have been an ordinary recession if the Federal Reserve had taken aggressive action. This view

13600-496: The most to make recovery possible. Every major currency left the gold standard during the Great Depression. The UK was the first to do so. Facing speculative attacks on the pound and depleting gold reserves , in September 1931 the Bank of England ceased exchanging pound notes for gold and the pound was floated on foreign exchange markets. Japan and the Scandinavian countries followed in 1931. Other countries, such as Italy and

13736-427: The most. The outbreak of World War II in 1939 ended the Depression, as it stimulated factory production, providing jobs for women as militaries absorbed large numbers of young, unemployed men. The precise causes for the Great Depression are disputed. One set of historians, for example, focuses on non-monetary economic causes. Among these, some regard the Wall Street crash itself as the main cause; others consider that

13872-568: The need to balance the national budget and was unwilling to implement expensive welfare spending . In 1930, Hoover signed the Smoot–Hawley Tariff Act , which taxed imports with the intention of encouraging buyers to purchase American products, which worsened the Depression because foreign governments retaliated with tariffs on American exports. In 1932, Hoover established the Reconstruction Finance Corporation , which offered loans to businesses and support to local governments. In

14008-422: The number of Regular Army personnel assigned to the CCC was affecting military readiness. Only 575 Organized Reserve officers initially received orders for CCC duty. CCC tours were initially six months long, but were later lengthened to one year. In July 1933, the War Department ordered that Regular Army officers assigned as instructors with ROTC and Organized Reserve units be returned to their former duties. By

14144-679: The only paid work, as many reservations were in remote rural areas. Enrollees had to be between the ages of 17 and 35. During 1933, about half the male heads of households on the Sioux reservations in South Dakota were employed by the CCC-ID. With grants from the Public Works Administration (PWA), the Indian Division built schools and conducted a road-building program in and around many reservations to improve infrastructure. The mission

14280-436: The particular fieldwork. Also included in camp operation were several non-technical supervisor LEMs, who provided knowledge of the work at hand, "lay of the land," and paternal guidance for inexperienced enrollees. Enrollees were organized into work detail units called "sections" of 25 men each, according to the barracks they resided in. Each section had an enrollee "senior leader" and "assistant leader" who were accountable for

14416-403: The period after World War II. Present-day corps are national, state, and local programs that engage primarily youth and young adults (ages 16–25) in community service, training, and educational activities. The nation's approximately 113 corps programs operate in 41 of the 50 states and Washington, D.C. During 2004, they enrolled more than 23,000 young people. The Corps Network, known originally as

14552-483: The physical volume of exports fall, but also the prices fell by about 1 ⁄ 3 as written. Hardest hit were farm commodities such as wheat, cotton, tobacco, and lumber. Governments around the world took various steps into spending less money on foreign goods such as: "imposing tariffs, import quotas, and exchange controls". These restrictions triggered much tension among countries that had large amounts of bilateral trade, causing major export-import reductions during

14688-477: The policies prolonged the Depression instead of shortening it. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%; in the U.S., the Depression resulted in a 30% contraction in GDP. Recovery varied greatly around the world. Some economies, such as the U.S., Germany and Japan started to recover by the mid-1930s; others, like France, did not return to pre-shock growth rates until later in

14824-406: The political situation in Europe. In their book, A Monetary History of the United States , Milton Friedman and Anna J. Schwartz also attributed the recovery to monetary factors, and contended that it was much slowed by poor management of money by the Federal Reserve System . Chairman of the Federal Reserve (2006–2014) Ben Bernanke agreed that monetary factors played important roles both in

14960-651: The program. Through the CCC, the Regular Army could assess the leadership performance of both Regular and Reserve officers. In mobilizing, clothing, feeding, and controlling thousands of men, the CCC provided lessons which the Army used in developing its wartime mobilization plans for training camps. When the draft began in 1940, the policy was to make CCC alumni corporals and sergeants. The CCC also provided command experience to Reserve officers, who normally interacted almost exclusively with other officers during training and did not have

15096-477: The public response to the CCC program was overwhelmingly popular. A Gallup poll of April 18, 1936, asked: "Are you in favor of the CCC camps?"; 82% of respondents said "yes", including 92% of Democrats and 67% of Republicans . On June 28, 1937, the Civilian Conservation Corps was legally established and transferred from its original designation as the Emergency Conservation Work program. Funding

15232-438: The same sort of outdoor work experience for young people. Approximately 47 young men have died while in this line of duty. In several cities where CCC workers worked, statues were erected to commemorate them. The CCC program was never officially terminated. Congress provided funding for closing the remaining camps in 1942 with the equipment being reallocated. It became a model for conservation programs that were implemented in

15368-434: The scale necessary to make the grand experiments which would prove my case—except in war conditions." According to Christina Romer , the money supply growth caused by huge international gold inflows was a crucial source of the recovery of the United States economy, and that the economy showed little sign of self-correction. The gold inflows were partly due to devaluation of the U.S. dollar and partly due to deterioration of

15504-466: The states of the South had passed legislation imposing racial segregation and, since the turn of the century, laws and constitutional provisions that disenfranchised most African Americans ; they were excluded from formal politics. Because of discrimination by white officials at the local and state levels, African Americans in the South did not receive as many benefits as white people from New Deal programs. In

15640-671: The various centers. Project work is also similar to the original CCC of the 1930s - work on public forests, state and federal parks. The Nevada Conservation Corps is a non-profit organization that partners with public land management agencies such as the Bureau of Land Management, United States Forest Service, National Park Service, and Nevada State Parks to complete conservation and restoration projects throughout Nevada. Conservation work includes fuel reductions through thinning , constructing and maintaining trails, invasive species removal, and performing biological surveys. The Nevada Conservation Corps

15776-776: The war and was expanded by the addition of Army for the 1946–47 season, becoming the Pentagonal League. The Cadets left the league after two seasons and were promptly replaced by Brown . The league continued in this fashion until 1955, a year after the Ivy League was formally created. Because the Ivy League never officially supported ice hockey as a sport, the Quadrangular and Pentagonal league are considered informal organizations and not recognized as NCAA conferences. † both Army and Dartmouth have changed their athletic team names in

15912-537: The work projects. A CCC Advisory Council was composed of a representative from each of those departments. In addition, the Office of Education and Veterans Administration participated in the program. To overcome opposition from labor unions, which wanted no training programs started when so many of their members were unemployed, Roosevelt chose Robert Fechner, vice president of the International Association of Machinists and Aerospace Workers , as director of

16048-471: The world, recovery from the Great Depression began in 1933. In the U.S., recovery began in early 1933, but the U.S. did not return to 1929 GNP for over a decade and still had an unemployment rate of about 15% in 1940, albeit down from the high of 25% in 1933. There is no consensus among economists regarding the motive force for the U.S. economic expansion that continued through most of the Roosevelt years (and

16184-659: The world. The financial crisis escalated out of control in mid-1931, starting with the collapse of the Credit Anstalt in Vienna in May. This put heavy pressure on Germany, which was already in political turmoil. With the rise in violence of National Socialist ('Nazi') and Communist movements, as well as investor nervousness at harsh government financial policies, investors withdrew their short-term money from Germany as confidence spiraled downward. The Reichsbank lost 150 million marks in

16320-778: The worldwide economic decline and eventual recovery. Bernanke also saw a strong role for institutional factors, particularly the rebuilding and restructuring of the financial system, and pointed out that the Depression should be examined in an international perspective. Women's primary role was as housewives; without a steady flow of family income, their work became much harder in dealing with food and clothing and medical care. Birthrates fell everywhere, as children were postponed until families could financially support them. The average birthrate for 14 major countries fell 12% from 19.3 births per thousand population in 1930, to 17.0 in 1935. In Canada, half of Roman Catholic women defied Church teachings and used contraception to postpone births. Among

16456-410: The years since the Pentagonal League was dissolved. Great Depression The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty; drastic reductions in liquidity , industrial production, and trade; and widespread bank and business failures around the world. The economic contagion began in 1929 in

16592-464: Was a major part of President Franklin D. Roosevelt 's New Deal that supplied manual labor jobs related to the conservation and development of natural resources in rural lands owned by federal, state, and local governments. The CCC was designed to supply jobs for young men and to relieve families who had difficulty finding jobs during the Great Depression in the United States . There was eventually

16728-639: Was a scramble to deflate prices to get the gold standard's conversation rates back on track to pre-WWI levels, by causing deflation and high unemployment through monetary policy. In 1933 FDR signed Executive Order 6102 and in 1934 signed the Gold Reserve Act . The two classic competing economic theories of the Great Depression are the Keynesian (demand-driven) and the Monetarist explanation. There are also various heterodox theories that downplay or reject

16864-478: Was a small part of overall economic activity in the U.S. and was concentrated in a few businesses like farming, it was a much larger factor in many other countries. The average ad valorem (value based) rate of duties on dutiable imports for 1921–1925 was 25.9% but under the new tariff it jumped to 50% during 1931–1935. In dollar terms, American exports declined over the next four years from about $ 5.2 billion in 1929 to $ 1.7 billion in 1933; so, not only did

17000-473: Was a summer program for disadvantaged youth, although it has grown into an AmeriCorps-sponsored non-profit organization with six regional offices that serve Montana, Idaho , Wyoming , North Dakota , and South Dakota . All regions also offer Montana YES (Youth Engaged in Service) summer programs for teenagers who are 14 to 17 years old. Established in 1995, Environmental Corps, now Texas Conservation Corps (TxCC),

17136-539: Was created through the Great Basin Institute and is part of the AmeriCorps program. Conservation Corps Minnesota & Iowa provides environmental stewardship and service-learning opportunities to youth and young adults while accomplishing conservation, natural resource management projects and emergency response work through its Young Adult Program and the Summer Youth Program. These programs emphasize

17272-528: Was critical to establishing the association. Similar active programs in the United States are: the National Civilian Community Corps , part of the AmeriCorps program, a team-based national service program in which young adults ages 18–26 spend 10 months working for non-profit and government organizations; and the Civilian Conservation Corps, USA, (CCCUSA) managed by its president, Thomas Hark, in 2016. Hark, his co-founder Mike Rama, currently

17408-474: Was endorsed in 2002 by Federal Reserve Governor Ben Bernanke in a speech honoring Friedman and Schwartz with this statement: Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression, you're right. We did it. We're very sorry. But thanks to you, we won't do it again. The Federal Reserve allowed some large public bank failures – particularly that of

17544-480: Was extended for three more years by Public Law No. 163, 75th Congress , effective July 1, 1937. Congress changed the age limits to 17–23 years old and changed the requirement that enrollees be on relief to "not regularly in attendance at school, or possessing full-time employment." The 1937 law mandated the inclusion of vocational and academic training for a minimum of 10 hours per week. Students in school were allowed to enroll during summer vacation. During this period,

17680-426: Was given by American economists Milton Friedman and Anna J. Schwartz . They argued that the Great Depression was caused by the banking crisis that caused one-third of all banks to vanish, a reduction of bank shareholder wealth and more importantly monetary contraction of 35%, which they called "The Great Contraction ". This caused a price drop of 33% ( deflation ). By not lowering interest rates, by not increasing

17816-491: Was in the form of Federal Reserve demand notes. A "promise of gold" is not as good as "gold in the hand", particularly when they only had enough gold to cover 40% of the Federal Reserve Notes outstanding. During the bank panics, a portion of those demand notes was redeemed for Federal Reserve gold. Since the Federal Reserve had hit its limit on allowable credit, any reduction in gold in its vaults had to be accompanied by

17952-446: Was intended. It exacerbated the Great Depression by preventing economic recovery after domestic production recovered, hampering the volume of trade; still there is disagreement as to the precise extent of the Act's influence. In the popular view, the Smoot–Hawley Tariff was one of the leading causes of the depression. In a 1995 survey of American economic historians, two-thirds agreed that the Smoot–Hawley Tariff Act at least worsened

18088-556: Was located in the area of particular conservation work to be performed and organized around a complement of up to 200 civilian enrollees in a designated numbered "company" unit. The CCC camp was a temporary community in itself, structured to have barracks (initially Army tents) for 50 enrollees each, officer/technical staff quarters, medical dispensary, mess hall, recreation hall, educational building, lavatory and showers, technical/administrative offices, tool room/blacksmith shop and motor pool garages. The company organization of each camp had

18224-587: Was selected April 8, and lists of unemployed men were subsequently supplied by state and local welfare and relief agencies for immediate enrollment. On April 17, the first camp, NF-1, Camp Roosevelt , was established at George Washington National Forest near Luray, Virginia . On June 18, the first of 161 soil erosion control camps was opened in Clayton, Alabama . By July 1, 1933, there were 1,463 working camps with 250,000 junior enrollees 18–25 years of age; 28,000 veterans; 14,000 Native Americans ; and 25,000 adults in

18360-464: Was the rollback of those same reflationary policies that led to the interruption of a recession beginning in late 1937. One contributing policy that reversed reflation was the Banking Act of 1935 , which effectively raised reserve requirements, causing a monetary contraction that helped to thwart the recovery. GDP returned to its upward trend in 1938. A revisionist view among some economists holds that

18496-435: Was to reduce erosion and improve the value of Indian lands. Crews built dams of many types on creeks, then sowed grass on the eroded areas from which the damming material had been taken. They built roads and planted shelter-belts on federal lands. The steady income helped participants regain self-respect, and many used the funds to improve their lives. John Collier , the federal Commissioner of Indian Affairs and Daniel Murphy,

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