Unit #8 Presidential Responses to the Great Depression LESSON #8-8 The Second New Deal p. 255-258
What was FDR’s 3 part goal? Relief Recovery Reform
The New Deal (1933-1935) Save the banks (RELIEF) FDIC – insure the banks Fireside Chats – reassure Americans every week Get $$ back into circulation Provide affordable loans to homeowners and farms Get Americans Working (RECOVERY) The “alphabet soup” of new agencies PWA, CCC, CWA Get Americans jobs Regulate investments (REFORM) Glass-Steagall Banking Act – separate savings banks from investing companies Securities and Exchange Commission (SEC) – prevent fraud in the stock market
FDR’s “honeymoon” ends after 2 years Why do you think he was so popular? Read top of p. 55 – which people do you think were most happy? Which people do you think had not yet found happiness?
Huey Long: What was his job in society? What did he think should happen? How did he think the government should accomplish this goal?
Charles Coughlin: What was his job in society? What did he think should happen? How did he think the government should accomplish this goal?
Francis Townsend: What was his job in society? What did he think should happen? How did he think the government should accomplish this goal?
The Wagner Act Social Security What did this act do? Who pays into this “insurance” fund? What’s the purpose? Social Security