RReliefeliefTo assist distressed persons To assist distressed persons through direct money payments, through direct money payments, jobs, and mortgage loans.jobs, and mortgage loans.

RRecoveryecoveryTo lift the nation out of the To lift the nation out of the depression through aid to depression through aid to farmers, businessmen, and farmers, businessmen, and workersworkers

RReformeformTo eliminate abuses in the To eliminate abuses in the economy and to prevent future economy and to prevent future depressions through protection depressions through protection of bank depositors, investors, of bank depositors, investors, consumers, the aged, and the consumers, the aged, and the unemployed. unemployed.

New DealNew DealGoalsGoals

First Hundred Days

Gave the president the authority to close banks until the Secretary of the Treasury investigated and then opening them as he saw fit.

Emergency Banking Act

First Hundred DaysRaised farm prices by curtailing production.

Agricultural Adjustment Act

First Hundred Days

Provided work for the unemployed.

Civilian Conservation Corps

First Hundred Days

Protected customers by proper labeling and advertising.

Food, Drug & Cosmetic Act

First Hundred Days

Provided inexpensive crop insurance to farmers.

Federal CropInsurance Corporation

First Hundred Days

Protected depositors in case of bank failures.

Provided low interest loans to homeowners facing bank failures.

Federal Deposit Insurance Corporation

Home OwnersLoan Corporation

First Hundred Days

Provided jobs to unemployed artists, actors, sculptors, etc.

Works Progress Administration

First Hundred DaysEncouraged business recovery with codes of fair competition.

National Industrial Recovery Act

First Hundred Days

Provided work for the unemployed on public projects.

Public Works Administration

First Hundred Days

Provided low-cost electricity to farm families.

Rural Electrification Act

First Hundred DaysIncreased foreign trade with the reciprocal lowering of tariffs.

Reciprocal Trade Agreements Act

First Hundred DaysProtected investors by supervising the issuing of securities and regulating the stock market.

Securities & Exchange Commission

First Hundred DaysProtected workers with unemployment and old age insurance.

Social Security Act

First Hundred Days

Improved the economic conditions in the Tennessee Valley through the development of hydroelectric power.

Tennessee Valley Authority

                                               

Pease open to page Pease open to page 541 in your 541 in your textbook. textbook.

Complete the map Complete the map and activity with it!and activity with it!

Tennessee Valley Authority

First Hundred DaysProvided loans to local governments for slum clearance and low-cost housing.

U.S. Housing Authority

First Hundred DaysEstablished the minimum wage and maximum hour law; prohibited child labor.

Fair Labor Standards Act

First Hundred Days

Provided grants to states for relief of destitute persons.

Federal Emergency Relief Act

After many of Roosevelt’s programs were declared unconstitutional by the Supreme Court,

He tried to pack the court with liberal justices.

PREVIEWPREVIEW

1.1. What are the main goals of the New What are the main goals of the New Deal? Deal?

2.2. Name at least three programs of Name at least three programs of the new deal and explain them. the new deal and explain them.

3.3. What is FDR’s legacy?What is FDR’s legacy?

1929

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

1940

50

60

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80

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100

110

Gross National Product

The New Deal Criticized

Last in line to be chosen for Jobs First let go Uneven amounts of $ for relief given

11stst New Deal not completely successful New Deal not completely successful

Critics: Focus on IndividualsCritics: Focus on Individuals1.1. Works Progress Administration (WPA)Works Progress Administration (WPA)

Parks, playgrounds, schools, hospitalsParks, playgrounds, schools, hospitals

2.2. Social Security Administration (SSA)Social Security Administration (SSA) Old-age pensions, unemployment, dependent Old-age pensions, unemployment, dependent

children, disabilitychildren, disability

Social Security ActSocial Security ActSome people felt that it penalized successful, hardworking people. Others saw it as the first step toward a militaristic and regimented society. They predicted that soon people would have to wear metal “dog tags” with their social security number.

1. Restored courage and optimism to the people and improved the economic status of most Americans.

2. Provided work relief, which enabled the unemployed to retain their self-respect and enriched the nation

with roads, public buildings, dams,

and parks.

3. Increased government spending, offsetting declines in private spending and helping the economy to recover from the depression.

4. Reduced unemployment by 5 million and treated the remaining unemployed humanely.

5. Successfully regulated capitalism and introduced laws of permanent value.

6. Expanded federal power over our economic system and yet maintained democratic methods and personal freedoms.

Roosevelt would be elected for 4 more terms and Roosevelt would be elected for 4 more terms and lead us through our next national Tragedy.lead us through our next national Tragedy.