define nra nira tva ccc fera what do they stand for, and what did they do? 336-341
TRANSCRIPT
BELL WORK Define
NRA NIRATVACCCFERA
What do they stand for, and what did they do? 336-341
ROOSEVELT’S NEW DEALSection 2, Chapter 11
FDR TAKES CHARGE 1932 election
Hoover (R) v Roosevelt (D)
Roosevelt won 43 states
Restoring confidence“nothing to fear
but fear itself”Put people to workRestore banks
THE NEW DEAL TAKE SHAPE 100 days
Economic laws and programs past in the first 100 days of FDR becoming president The laws become
known as “The New Deal”
15 major laws passed
Jobs and Relief CCC, TVA, NRA,
FERA
BELL WORK Key People and Events
Define Frances Perkins Dust Bowl Fascists Spanish Civil War Ralph Bunche
Look on pages 344-349
NEW DEAL PROGRAMS CCC NRA
Civilian conservation corps Planted trees Built hiking trails Pay
Was small but they were working, receiving health care, and getting three meals a day
National Recovery Agency Provided codes for
wages and hours and working conditions
Tried to introduce price control
Discouraged women and child labor in hazardous industries
MORE NEW DEAL PROGRAMS
AAA FERA
Goals Raise farm prices Control production
Raise prices Paid farmers to destroy
crops, milk, livestock Control Production
Paid farmers not to leave land uncultivated
Would pay farmers subsides if prices fell
Later becomes unconstitutional
Federal Emergency Relief Administration Money to states to
help people in need Had to qualify for
money alleviating household
unemployment by creating new unskilled jobs in local and state government
KEYNESIAN THEORY (BOTTOM UP) Best buy makes money Grocer needs more food
Farmer makes more food
Best buy hires more people
Sells more food,
needs more help,
hires more people
I buy tv from Best Buy I buy food
$ to me
TRICKLE DOWN Ford gets more $
Can afford to make more product Ford makes more $
Sells product at a cheaper price
More supplies need to meet demand
More people buy product Hire more people
More people can buy cars
BELL WORK Pretend that you are the president.
What theory would you use, bottom up, or trickle down to fix the economy?
x’s on every other line of a sheet of paper front and backWhat theory of do you like better? Why?
Compare the two theories and talk in detail about why one is better than the other.
Make an argument! Neat hand writing, reasonable best effort needed
MORE NEW DEAL PROGRAMS
AAA FERA
Goals Raise farm prices Control production
Raise prices Paid farmers to destroy
crops, milk, livestock Control Production
Paid farmers not to leave land uncultivated
Would pay farmers subsides if prices fell
Later becomes unconstitutional
Federal Emergency Relief Administration Money to states to
help people in need Had to qualify for
money alleviating household
unemployment by creating new unskilled jobs in local and state government
REBUILDING A REGION TVA Tennessee Valley
Authority Control floodingBring electricity to
rural Tennessee Ends serious
flooding problems in Tennessee
NEW DEAL TODAYFDIC SEC
Federal Deposit Insurance Corporation Insured money put
into the banks by the government
Still around today
Securities and Exchange Commission Police force of the
stock market Have the ability to
punish dishonest stockbrokers and speculators
SECTION REVIEW Answer in complete sentences
Page 341, questions 2-5,7