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.

Slides:

Advertisements

Similar presentations

Until Great Depression, government did little to influence economy persistent unemployment, low production changed many economists minds John Maynard.

Advertisements

Objective: Students will continue to exam the New Deal and determine, if it was truly a “NEW DEAL” Drill: Analyze the following cartoon, What is the primary.

Project Overview. What economic problems did Americans encounter during the Great Depression?

Keynesian Economics According to John Maynard Keynes: in the short-run, the level of GDP is determined primarily by demand.

FDR Fiscal Policy Taxes Government Spending GDP Aggregate Demand Aggregate Supply Budgets Keynesian Economics Solving Economic Problems.

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

The Business Cycle One of the major problems capitalist nations must constantly deal with is an economic event known as the business cycle This means that.

The Great Depression A Global Issue. U.S Economy Following World War I Immediately following war there was brief slowdown – economy exploded during the.

Fiscal Policy Chapter 15. Setting Fiscal Policy: The Federal Budget  $7.7 Billion a day spent by government  Fiscal Policy is the use of government.

Fiscal Policy Government Spending AndTaxes. Fiscal Policy Government spending Government spending – Increase: stimulates the economy – Decrease: slow.

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.

HOW THE ECONOMY CRASHED AND HOW THE GOVN’T TRIED TO FIX IT NAME DATE The Unit Organizer BIGGER PICTURE LAST UNIT/Experience CURRENT UNIT NEXT UNIT/Experience.

Crash and Depression Bust and Bummer 1, 2, 3, 19, 20, 22, 23, 24, 25, 26, 27, 28, 63,

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.

Unit 7 Fiscal & Monetary Policy. The Federal Reserve System The central bank of the US which sets the monetary policy of the USA Monetary policy-control.

The Election of 1932 Mr. Dodson. The Election of 1932  How did President Hoover respond to the Great Depression?  What did Roosevelt mean when he offered.

Unit 3-4: Aggregate Demand and Supply and Fiscal Policy 1.

A teacher passes out an individual assignment to his students. Some students immediately understand the assignment and are able to complete the work while.

Fiscal Policy History. Growth of the Federal Government 1930s The New Deal young men worked on infrastructure 1940s WWII everyone worked on war production.

The Great Depression.

Chapter 15: Fiscal Policy

The Cold War BeginsThe Second New Deal Section 2 Chapter 13-2 The 2nd New Deal.

Roosevelt and the New Deal

The New Deal Era Domestic Front. A “New Deal” for America Based on economist John Maynard Keynes (Keynesianism) Based on economist John Maynard Keynes.

1920S- GREAT DEPRESSION DAY 4  Today we have a QUIZ on Day 3- the transition from Hoover to FDR.

A Changed Mindset Federal Intervention? The Federal Govt. exists to help American People in distress Many Federal Agencies Created Deficit Spending to.

Standard 12.3: Students analyze the influence of the federal government on the American economy : Describe the aims of government fiscal policies.

1932 Presidential Election People are tired of Herbert Hoover’s administration –Blame him for not responding more to the Depression Democratic nominee.

The Second New Deal Chapter 13 Section 2 Angela Brown.

1932 Presidential Election People are tired of Herbert Hoover’s administration –Blame him for not responding more to the Depression Democratic nominee.

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.

Finishing up Chapter 9: Section 1: FDR Offers Relief & Recovery United States History Ms. Girbal Monday, March 23, 2015.

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.

Lesson Essential Question How did the measures of the 1 st New Deal provide relief and recovery to US citizens and businesses?

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.

FDR & The New Deal Keynesian Economics and the Preservation of Democracy.

5/7Warm Up What monetary policy tools can the Fed use to slow down rapid economic growth?

Fiscal Policy and the Federal Reserve. Early History The United States government largely adhered to free market practices throughout the 18 th and 19.

FDR & Eleanor Take the White House Inaugurated in March 1933 FDR- distant cousin of Teddy Roosevelt Eleanor was especially active in child welfare,

The New Deal 1932 vs Americans were ready for change… – Presidents Bush & Hoover Smaller government, relative to economy Less regulation & intervention.

Journal Questions 1). What Supreme Court case established judicial review? 2). What Supreme Court case stated that the federal government regulates interstate.

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?

John Maynard Keynes vs. Friedrich Von Hayek

DO NOW Answer question 8 on p. 453.

Four Schools of Economic Thought

US Policy Domestic: internal issues – laws, government planning and actions Economic: money issues Foreign: dealing with other nations.

FDR, the Second new deal, and the supreme court.

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

The Depression and Politics

Revenues & Expenditures

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 15 Fiscal Policy.

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.

Chapter 15 Fiscal Policy.

Macroeconomic Theories

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:

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 fix some of the issues that caused the Depression 2) Relief-to help relieve the extreme suffering many Americans were enduring 3) Recovery-to help end the economic slowdown and get the economy going again.

There were literally dozens and dozens of new agencies and programs. In terms of recovery, the philosophy was based on the ideas of economist John Maynard Keynes. Under Keynesian economics, if the economy (business and consumers) can’t get the economy stimulated by spending, then the government must borrow and spend to create jobs (deficit spending). Once Americans get working again, then their spending will stimulate the economy. This was (and is) a controversial theory, but FDR embraced it wholeheartedly.

After you do the reading for Monday, try to answer these. You should have an idea of some of the New Deal agencies, what they did, and what their objective was. Bring your answers with you on Monday. Some may be used more than once, and some have more than one picture depicting it.

1. Which New Deal program is this?

1.

2.

3. Davidson County Courthouse mural

3.

4.

5.

6. Old and broke

7.

8.

9.

10.