How successful was the New Deal?. When should government lend a hand?

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Presentation transcript:

How successful was the New Deal?

When should government lend a hand?

LBJ’s “Great Society” – 1960s HE DECLARED WAR ON POVERTY Medicare and Medicaid Head Start Program Elementary and Secondary School Act

1970s Stagflation OPEC Oil Embargo against the USA USA supported Israel in their wars against Arab Nations Increased Unemployment and Inflation The Economy Stagnated for a Decade

Ronald Reagan’s Supply Side Economics in the 1980s New Federalism Decreased Government Spending on social programs (welfare, schools, etc) Tax Cuts to the Wealthy and Corporations Was it these programs or the increased military spending during the 1980s that pulled America out of recession?- Economists still debate this today

What did President Obama learn from FDR?