 John Maynard Keynes  Increasing government deficit and spending to stimulate economy  FDR and the New Deal.

Slides:



Advertisements
Similar presentations
Rethinking the Great Depression The Depression of Anemic Recovery of The Effects of WWII on the Economy ECO Money & Banking -
Advertisements

Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Chapter 11 Fiscal Policy.
Fiscal Policy © 2010, TESCCC.
Fiscal Policy Government Spending AndTaxes. Fiscal Policy Government spending Government spending – Increase: stimulates the economy – Decrease: slow.
A New Deal Fights the Depression. I. Americans get a New Deal A. New Deal A. New Deal 1. Franklin Delano Roosevelt (FDR) proposed the New Deal. 1. Franklin.
The Cold War BeginsThe Second New Deal Section 2 Discuss the programs of social and economic reforms in the second New Deal. Explain how New Deal legislation.
Second New Deal Terms and People Second New Deal – legislative activity begun by Franklin D. Roosevelt in 1935 to solve problems created by the.
TEKS 8C: Calculate percent composition and empirical and molecular formulas. Second New Deal.
The Cold War BeginsThe Second New Deal Section 2 Discuss the programs of social and economic reforms in the second New Deal. Explain how New Deal legislation.
Boom Roaring Twenties –Materialism –Spending –Prosperous.
Towards a Global Green New Deal? The Impact of the Global Economic Crisis on Climate Change and Prospects for a Green Economy Presentation by Hilary French,
TAXES Signed a relief bill to continue tax cuts initiated by bush. Taxes must be increased in order to balance budget, rich will be paying more than the.
The Second New Deal The Main Idea A new wave of government initiatives starting in 1935 resulted in some strong successes and stunning defeats for President.
Fiscal Policy Taxing, Spending, & Borrowing Policies of the Federal Government— done by Congress.
Fiscal Policy History. Growth of the Federal Government 1930s The New Deal young men worked on infrastructure 1940s WWII everyone worked on war production.
Do tax cuts for the wealthy lead to long-term economic prosperity?
Rethinking the Great Depression The New Deal The Depression of Anemic Recovery of The Effects of WWII on the Economy ECO 473 – Money.
Chapter 15: Fiscal Policy
MACRO ECONOMIC GOVERNMENT POLICY. NATIONAL ECONOMIC POLICY GOALS Sustained economic growth as measured by gross domestic product (GDP) GDP is total amount.
The Second New Deal 22-2 The Main Idea A new wave of government initiatives starting in 1935 resulted in some strong successes and stunning defeats for.
Consider: What is the biggest fiscal challenge facing our country? The Last Word: #6 for tomorrow, 7-8 for Thurs; MC Test Friday.
The Cold War BeginsThe Second New Deal Section 2 Chapter 13-2 The 2nd New Deal.
MACROECONOMICS THE STUDY OF THE ECONOMY AS A WHOLE.
Fiscal Policy (Congress) the economy Government Intervention in the Free Market?: How Congress can try to speed up or slow down.
Rethinking the Great Depression Part II: The New Deal The Depression of Anemic Recovery of The Effects of WWII on the Economy.
1920S- GREAT DEPRESSION DAY 4  Today we have a QUIZ on Day 3- the transition from Hoover to FDR.
KEYNESIANISM..
Stabilizing the National Economy
The New Deal. The main idea behind FDR’s ‘New Deal’ program was to get government to implement new programs to do three things: 1) Reform-to permanently.
Higher concentrations of CO 2 can increase temperatures 2 O C – 4.5 O C Bad Impacts: (1) Increased Mortality, (2) Reduced Agricultural Yields, (3) Rising.
The Second New Deal Chapter 13 Section 2 Angela Brown.
TEKS 8C: Calculate percent composition and empirical and molecular formulas. Second New Deal.
Reaganomics v Keynesian Modern U.S. Economics. Today’s Objective Analyze opposing opinions on the role that government plays in the life of the people.
Monetary Policy By: Ryan Ferguson and Jaye Mitchell.
Finishing up Chapter 9: Section 1: FDR Offers Relief & Recovery United States History Ms. Girbal Monday, March 23, 2015.
INT 200: Global Capitalism and its Discontents American Capitalism II The 20 th Century.
Deficit Spending Good or Bad?. What is it? Basically, Spending more money than you bring in Has it’s roots in Keynesian economics (john Maynard Keynes)
The Cold War BeginsThe Second New Deal Section 2 Terms and People second New Deal – legislative activity begun by FDR in 1935 to solve problems created.
The Federal Reserve Fiscal Policy - Using taxes and spending to help the economy grow. Monetary Policy - Policy that involves changing the rate.
1 Fiscal Policy © 2009, TESCCC. 2 Fiscal Policy defined The government’s (Congress and the President) use of taxing and spending to promote economic growth.
ROOSEVELT’S NEW DEAL: Successes and Failures Learning Target #4 Discuss FDR’s New Deal programs and the successes and criticisms of the New Deal.
* 1933 Bank Holiday * To stop people from making a run on the banks, stabilize the banks, and ensure that ones that are open can do business. * Purpose.
Fiscal Policy Fiscal policy is changes government makes in spending or taxation to achieve particular economic goals.
Fiscal Policy Use of gov’t spending & revenue collection to influence the economy Fiscal Year-Fed Gov’t-Oct 1-Sep 30 Appropriations Bill-sets $ aside for.
1930’s key terms.
What’s the State of Our Economy Now?
Warmup Explain the Second New Deal..
FDR and the New Deal -the expanding role of government and the growing power of the President.
AMERICAN CIVILIZATION
US Policy Domestic: internal issues – laws, government planning and actions Economic: money issues Foreign: dealing with other nations.
Objectives Discuss the programs of social and economic reforms in the second New Deal. Explain how New Deal legislation affected the growth of organized.
Gov Review Video #43: Keynesian and Supply-Side Economics
American government Unit: Chapter 16
Business Cycles.
Chapter 17 Section 2 and 3 Fiscal Policy.
Business Cycles.
The Second New Deal Chapter 22 Section 2.
Second New Deal.
Objectives Discuss the programs of social and economic reforms in the second New Deal. Explain how New Deal legislation affected the growth of organized.
The Second New Deal
Chapter 13 Section 2 Angela Brown
AP U.S. Government and Politics Unit 8
A quick note on the EU referendum
POLICY: government rules.
Objectives Discuss the programs of social and economic reforms in the second New Deal. Explain how New Deal legislation affected the growth of organized.
Objectives Discuss the programs of social and economic reforms in the second New Deal. Explain how New Deal legislation affected the growth of organized.
Macroeconomic Theories
Demand side v. Supply side
Demand & Supply Side Policies
Objectives Discuss the programs of social and economic reforms in the second New Deal. Explain how New Deal legislation affected the growth of organized.
Presentation transcript:

 John Maynard Keynes  Increasing government deficit and spending to stimulate economy  FDR and the New Deal

 Economic Stimulus Act of $170 Billion  American Recovery and Reinvestment Act of $787 Billion  American Jobs Act????  Solyndra

 Believes in government spending to stimulate Economy  Trying to pass American Jobs Act

 Attacking American Jobs Act  Cut Taxes – especially on small businesses  Establish incentive funds to encourage hiring of employees  Invest in education

 Cut Spending  Reduce Taxes  Stop regulation from EPA such as Cap and Trade  Simplify complicated IRS tax code

 Reduce Taxes Spending Regulation Government Programs  Increase Trade Energy Production Human Capital Labor Flexibility