The Great Depression Relief and Recovery.

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Presentation transcript:

The Great Depression Relief and Recovery

I. Initial Popularity of Franklin D. Roosevelt 1. People were desperate a. 13 million unemployed b. Failing banks -mass withdrawal of $ c. “Dust Bowl” 2. Likeable personality a. Overcame Polio b. Winning smile c. Amazing speaker -”fireside chats” -radio speeches to encourage Americans “Americans will have a ‘New Deal’”

II. The Hundred Days (1st Hundred Days as President) 1. Three Parts of the “New Deal” a. Relief b. Recovery c. Reform 2. “The Brain Trust” a. Professionals to problem-solve -“It’s common sense…to take a method and try it. If it fails, admit it frankly and try another. But above all, try something…” b. “Bank holiday” -close unstable banks

III. Relief to the Jobless “Priming the Pump” 1. Congress: $1/2 Billion for “relief” a. Public Works Administration (PWA) -major public projects -R.R., roads, dams -unsuccessful - planning b. Works Progress Administration (WPA) -better planning for PWA c. Civilian Conservation Corps (CCC) -get young men off streets d. Tennessee Valley Authority (TVA)

IV. Encouragement for Business 1. Trade Agreements Act (TAA) a. Cut tariffs if other countries buy from U.S. -increase foreign trade 2. National Recovery Administration (NRA) a. Stop monopolies b. Boost competition c. Lower prices -increase consumer spending -boost economy d. Improve working conditions e. Failure - ”Unconstitutional - “socialist”

V. Help for Farmers 1. Agricultural Adjustment Administration (AAA) a. Decrease production -distribute surplus (extra) to needy b. Increase crop prices

VI. Criticism of the “New Deal” List some possible reasons why many Americans opposed the policies of the New Deal. Be ready to discuss these criticisms.