1. Unit 7: The Great Depression

2. The New Deal Goals: Relief – Stop the pain Recovery – Fix the problems
Reform – Make sure it never happens again

3. The New Deal
Relief: Stop the Pain

4. For the people Federal Emergency Relief Administration (FERA)
Sent funds to local relief agencies & created public works programs
Tennessee Valley Authority (TVA)
Created jobs & provided electricity and flood control in underdeveloped rural areas
Public Works Administration (PWA)
Built dams, ports, sewer systems
Civil Works Administration (CWA)
Construction jobs (buildings & bridges)

5. Helping Homeowners & Farmers
Home Owners Loan Corporation (HOLC)
Refinanced mortgages
Agricultural Adjustment Administration (AAA)
Gave farm subsidies

6. The New Deal
Recovery: Fix the Problem

7. Fixing Banks Declared a bank holiday Glass-Stegall Banking Act of 1933
Created the FDIC to insure banks
Guaranteed all bank deposits under $5,000
$250,000 today (deposits only)

8. Regulating the Market Federal Securities Act
Required companies to provide info about their finances if they sold their stock
Securities and Exchange Commission (SEC)
Regulates the stock market

9. The New Deal
Reform: Prevent Future Problems

10. Social Security
Aimed to help America’s poor, the elderly, dependent children, the handicapped
Provided monthly stipends
Legacy:
Still America’s largest and most important safety net
Most Americans depend on Social Security to retire

11. Helping Labor Wagner Act: Legalized union practices
Collective bargaining
Closed shops – some workplaces only open to union members

12. WWII
1940-
America selling arms
1941-
America enters WWII

13. The Question: Was the New Deal a Success or a Failure?
Your task today:
Use the documents to answer the questions
Your task tomorrow:
Discussion: Success or Failure?
Thursday & Friday:
1 Paragraph response

14. Step 1 Learn more about the New Deal
Use the documents to answer the questions on pages 1 & 2
GDP: Gross Domestic Product, value of goods & services produced by the country
If the GDP is up, the economy is growing
If the GDP is down, the economy is shrinking