** By 1933, 4 of five banks had closed down. - From 1929 to 1933 personal income dropped nearly 50% - From 1929 to 1933, the unemployment rate increased from 4% to 25 %, a 600% increase over those four years Unprecedented Economic Depression Gross Domestic Product

Franklin Roosevelt – Elected to the New York State – Appointed to Assistant Secretary of the Navy – Nominated as Vice President (James Cox) – Contracted Polio & 1930 – Elected at Governor of New York – Wins Presidential Election (would win ‘32, ‘36, ‘40, and ‘44)

Inaugural Address “The only thing we have to fear is fear itself.” - His “New Deal” Legislation ** Roosevelt had no real firm political philosophy; instead, above all he believed in experimentation. ** You’ll see w/ “New Deal” legislation he changes course a few times, changes decisions; not a “socialist agenda.” [1] Relief for the needy – economic programs geared towards helping individuals [2] Economic recovery – helping the agricultural and industrial sectors of the economy [3] Financial reform – regulating the economy, especially the banking system, housing, and a social “safety net” - New Deal Goals

- Civilian Conservation Corp (CCC) - Employed men aged 18 to 25 - Later employed war veterans * Building roads and water reservoirs * Developing parks and trails * Planted trees Relief Programs - More than 3 billion trees were planted across the Great Plains to prevent another Dust Bowl - $30 a month, $25 to be sent home

Critical Analysis -$3 billion over 9 years -Majority of wages sent home -Tremendous support, even by Republicans

References Ackerman, Frank. “A Lesson in U.S. Job Creation: The Civilian Conservation Corp.” Triple Crisis. Ackerman, 10 November Web 6 February “Civilian Conservation Corp.” Wikipedia. Wikipedia, 7 February Web 8 February