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The Great Depression and the New Deal

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Presentation on theme: "The Great Depression and the New Deal"— Presentation transcript:

1 The Great Depression and the New Deal 1929 - 1941

2 Great Depression Economic Effects: GNP Drops From $104 Billion to
Income declines by 50% 20% of all banks close Wipes out 10 million bank accounts % of workforce unemployed                                                                        

3 ELECTION OF 1932 vs. Roosevelt (D) Hoover as “Lame Duck” President
Hoover (R) vs. Roosevelt (D) Hoover as “Lame Duck” President 20th amendment (January 20th inauguration)

4 ELECTION OF 1932

5 The New Deal Experiment

6 FDR: THE MAN From wealth, prestige. Disabled from…something.
New Deal Philosophy: The Three R’s: Relief Recovery Reform Advisers: “The Brain Trust” + Eleanor Roosevelt

7 THE FIRST HUNDRED DAYS Bank Holiday: first step taken.
Repeal of Prohibition Fireside Chats Financial Recovery Programs: Emergency Banking Relief Act Federal Deposit Insurance Company Home Owners Loan Corporation Farm Credit Administration

8 Programs for RECOVERY:
Programs For RELIEF: Federal Emergency Relief Administration Public Works Administration Civilian Conservation Corps Tennessee Valley Authority Agricultural Adjustment Act (struck down) Programs for RECOVERY: National Recovery Administration (struck down) Schecter v. U.S. Programs for REFORM: Securities and Exchange Commission Social Security Act (1936)

9 FEDERAL INCOME & SPENDING 1928 - 1940

10 THE SECOND NEW DEAL RELIEF PROGRAMS WORKS PROGRESS ADMINISTRATION
Provide jobs Bridges, roads, airports, public buildings, murals, histories, acting, etc. Resettlement Administration Loans to sharecroppers & small farmers.

11 THE SECOND NEW DEAL (continued)
REFORMS National Labor Relations (Wagner) Act: Worker’s right to join union Collective Bargaining Rural Electrification Act: Loans for electric power in rural areas Federal Taxes Increased taxes on wealthy Social Security Act: Old age pensions

12 THE ELECTION OF 1936 FDR (D) vs. Alf Landon (R)

13 ROOSEVELT’S CRITICS Fr. Charles Coughlin Mary McLeod Bethune Huey Long

14 FDR and THE SUPREME COURT
Court Reorganization Plan: “Courtpacking Scheme” Reaction: Saw FDR as dictator Bill defeated in Congress

15

16 LIFE DURING THE DEPRESSION
WOMEN: Eleanor Roosevelt Francis Perkins Dust Bowl Farmers: “The Grapes of Wrath” “Of Mice and Men” African-Americans: Last hired, first fired Excluded from some relief programs Marian Anderson Mary Mcleod Bethune

17 Lasting Impacts Creation of a Welfare State
Increased Federal/Executive Power Lasting Programs/Reforms: Social Security FDIC Securities & Exchange Commission


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