fdr was extremely popular among working-class americans reforms that begun under the new deal...
TRANSCRIPT
• FDR was extremely popular among working-class Americans
• Reforms that begun under the New Deal continue to influence American politics and society
• FDR received pressure from Congress to scale back New Deal programs, which FDR did– As a result….• Industrial production
dropped again• Unemployed increased
from 7.7 million to 10.4 million
• SUPPORTERS & CRITICS OF THE NEW DEAL (516)
• CRITICS….– Conservatives think Roosevelt’s
policies made the federal government too large and too powerful
– Liberal critics, argue that Roosevelt didn’t do enough to socialize the economy and to eliminate social and economic inequalities
• SUPPORTERS AND CRITICS OF THE NEW DEAL (516)
• Supporters…
–Stated that Roosevelt helped the country recover from its economic difficulties
• EXPANDING GOVERNMENT’S ROLE IN THE ECONOMY (517)– The government did expand it’s role by…• Infusing the nation’s economy with
millions of dollars• Created federal jobs• Regulate supply and demand• Increase government’s active
participation in settling labor and management disputes
• EXPANDING GOVERNMENT’S ROLE IN THE ECONOMY (517)– Federal Deposit Insurance
Corporation (FDIC)– Securities and Exchange
Commission (SEC)• The above to agencies helped
regulate banking and investment activities by the federal gov• TODAY – banks that are FDIC
insure up to $100,000
• WHAT REALLY ENDED THE DEPRESSION?
–The massive amount of spending by the federal government for guns, tanks, ships, airplanes, and all the other equipment and supplies needed for World War II
• PROTECTING WORKERS’ RIGHTS (518)–Wagner Act & Fair Labor
Standards Act – set standards for wages and hours, banned child labor, and ensured the right of workers to organize and bargain collectively with employers
• SOCIAL SECURITY – Provides an old-age
insurance program– An unemployment
compensation system
– Aid to the disabled and families with dependent children
• THE RURAL SCENE–Agriculture• Loans were made to
farmers • Established agricultural
price supports set a precedent of federal aid to farmers that continues into the 21 Century
• THE ENVIRONMENT– Government added to the
national park system– Established new wildlife
refuges and set aside large wilderness areas
– The Civilian Conservation Corps planted trees, created hiking trails, and built fire lookout towers