The Great Depression.

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Presentation transcript:

The Great Depression

F.D.R. and the New Deal

Franklin D. Roosevelt the New Deal Programs to address the Depression “Relief, Recovery, Reform” Debt spending Consume our way out of the depression Role of government

Immediate Responses, 1933 Federal Emergency Relief Act Federal funds for relief National Industrial Recovery Act Fair work and competition codes Administration to enforce codes Guaranteed labor’s right to organize

New Deal Programs Soil Conservation Service Stop Soil Erosion Civilian Conservation Corps (CCC) Soil Conservation Service Stop Soil Erosion Planting trees Irrigation and range management http://www.youtube.com/watch?v=qolPqXNGW3I

Tennessee Valley Authority (TVA) Built dams on the Tennessee River to control flooding and generate electricity for the Southern U.S.

Works Progress Administration (WPA) Biggest agency 1935 employed 8 million & $2 billion fund Bridges, reservoirs, irrigation, sewage, schools, playgrounds, education, training Work Programs paid minimum wages, pulled them off charity and soup lines “We Work Again” http://www.youtube.com/watch?v=Gk0SpTOi9Aw

1935 Social Security Act Safety net for all Americans Percentage of paycheck Based on shorter life-span Intended to supplement (not replace) income Less inclined to “retire”

Financial System Federal Deposit Insurance Corporation (FDIC) Insured individual bank deposits Securities and Exchange Commission (SEC) Regulated trading practices in stocks and bonds