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Warm Up What is the man waiting for?
What is the message of this cartoon? Could this cartoon be applied to any events recently?
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FDR’s New Deal and the Great Depression
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Stock Market Crash 1929 Prices inflated from overspeculation & buying on margin Stock sell-off spins out of control on Black Tuesday Billions lost in one day
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19 31 Bank Failures 19 30 Fear of closings cause many withdrawals
No insurance against bank closings Thousands of banks close
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30 Second Think & Share with your Pod:
Is this a place that most people would want to shop in? Why would you want to sell “anything of value” at this place? Why do you think the sign says “Buy, Sell or Trade?”
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30 Second Think & Share with your Pod:
What is this woman wearing? What is the boy wearing? What might have happened to this family?
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30 Second Think & Share with your Pod:
What do you think these boys are thinking? Hollywood and celebrity magazines were very popular in this time. Why would someone spend money on such a magazine if they were hungry? (not the boys..)
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30 Second Think & Share with your Pod:
(the sign says, “Rarig’s kid doesn’t starve, why should we?) Who do you think Rarig is? Who were many workers angry with? Why do you think they brought their kids to protest?
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30 Second Think & Share with your Pod:
The Chamber of Commerce usually welcomes people into a town. Why would a town put up a sign like this?
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Answer the question on your notes page:
What do you think the man in the cartoon means in his answer to the squirrel?
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What’s going on in this picture?
Does anything surprise you? What do you notice about all the men on the next page?
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The New Heroes Bank robbers Bonnie & Clyde John Dillinger (a gangster)
Why do you think these were the heroes of the 20’s?
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Unemployment in the US 1/2004 – 1/2014
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1932 President Herbert Hoover Does little to stop the Depression
The Federal Reserve does nothing to help the economy Franklin D. Roosevelt wins election
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Franklin D. Roosevelt Democrat from NY
Promises that “Happy Days Are Here Again”
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What would you do? Read the problem in the box at the bottom of your notes page. Spend 5 minutes with your pod to answer the question – make a plan to fix things! What are the parts of your plan? How will you pay for your plan? Groups share with each other, then the class.
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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 Tries stuff The only thing we have to fear is fear itself!
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We need Relief, Recovery, and Reform!
Fireside Chats
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Relief Immediate help Income & support Relief programs
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Relief WPA: Works Progress Administration
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Relief CCC
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Recovery Help bring parts of the economy out of the depression over time Restart demand
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Recovery The Agricultural Adjustment Act (AAA) tried to regulate the supply of food The Supreme Court later ruled it unconstitutional
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Recovery Tennessee Valley Authority (TVA) built dams and brought electricity to the rural South
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Reform Changes to laws Permanent programs to avoid another depression
Social Security
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Reform Federal Deposit Insurance Corp (FDIC)
Securities and Exchange Commission (SEC)
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1935 The Dust Bowl Drought and overfarming dry up land
Huge dust storms spread across the US
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1935 1936 1937 The Second New Deal More programs after FDR’s reelection
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Criticism BIG government Deficit spending
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