Warm Up What is the man waiting for?

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Presentation transcript:

Warm Up What is the man waiting for? What is the message of this cartoon? Could this cartoon be applied to any events recently?

The New Deal & Great Depression

Stock Market Crash Prices inflated from overspeculation & buying on margin Stock sell-off spins out of control on Black Tuesday Billions lost in one day

Bank Failures Fear of closings cause many withdrawals No insurance against bank closings Thousands of banks close

The New Heroes Bank robbers Bonnie & Clyde John Dillinger

President Herbert Hoover Does little to stop the Depression Franklin D. Roosevelt wins 1932 election

Franklin D. Roosevelt Democrat from NY Promises that “Happy Days Are Here Again”

The only thing we have to fear is fear itself! Franklin D. Roosevelt Starts planning his “first 100 days” Calls reforms his “New Deal” for Americans Makes a more active government The only thing we have to fear is fear itself!

We need Relief, Recovery, and Reform! Fireside Chats

Relief Immediate help Money & support Examples: Bank holiday, Federal Emergency Relief Admin (FERA)

Recovery Examples: WPA, AAA, TVA, HOLC Temporary jobs & programs Restart demand Examples: WPA, AAA, TVA, HOLC

Reform Changes to laws Permanent programs to avoid another depression Examples: FDIC, Social Security, NLRB, SEC

The Dust Bowl Drought and overfarming dry up land Huge dust storms spread across the US

The Second New Deal More programs after FDR’s reelection

Criticism BIG government Deficit spending

Legacy of the New Deal Government takes on a larger role in people’s lives Many programs still in existence today However, US never fully recovered from Depression until WW2