First Five Is it the government’s responsibility to take care of the poor? What percentage of a person’s paycheck should the government get to keep?

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Presentation transcript:

First Five Is it the government’s responsibility to take care of the poor? What percentage of a person’s paycheck should the government get to keep?

FDR and the New Deal

Franklin Delano Roosevelt Governor of New York (‘28-’32) Distant cousin of Theodore Roosevelt Paralyzed from waist down Contracted illness in 1921 Hid the extent of his paralysis

1932 Election Roosevelt vs. Herbert Hoover Roosevelt wins 42 states 57% to 39% Democrats sweep House and Senate

Hundred Days March 9-June 16, 1933 Congress passes more than a dozen New Deal plans Massive expansion of federal gov’t Gov’t plays bigger role in economy

Fireside Chats Radio speeches Explained New Deal Meant to comfort nation

New Deal is attacked Massive deficit spending Spending money the gov’t doesn’t have Socializing the economy Others say it’s not enough Need to do more to help people

Packing the Supreme Court Supreme Court overrules some New Deal legislation Roosevelt tries to add six justices to the Supreme Court People outraged Planned to violate separation of powers Plan fails But he gets 7 justices over 4 years

Huey Long

Huey Long Fiery Southern Senator Turned against FDR Wanted more gov’t control of economy Assassinated at peak of popularity

Second New Deal

Second New Deal New Deal is popular FDR launches new initiatives More relief for farmers and workers FDR reelected in 1936

Farmers 2nd Agricultural Adjustment Act Loans for for sharecroppers More farm subsidies Loans for for sharecroppers To buy their own land

More Relief WPA: Works Progress Admin NYA: Nat’l Youth Administration 11 billion $$ for jobs programs NYA: Nat’l Youth Administration Education, jobs, counseling for youth

Labor Wagner Act: Collective bargaining Created NLRB

Social Security Act Social Security Act: Insurance for retirees 65 years old Unemployment compensation Aid to families

Legacy of the New Deal

Legacy of the New Deal FDIC Insurance Banking SEC: Securities and Exchange Commission Regulate the Stock Market NLRB: National Labor Relations Board Resolves labor disputes

Legacy of the New Deal Social Security TVA: Tenn Valley Authority Gov’t retirement for workers TVA: Tenn Valley Authority Power and flood prevention