1. The New Deal The Three R’s
Relief: To help people cope with the depression
Recovery: To help end the depression.
Reform: To prevent future economic problems
Franklin D. Roosevelt

3. Federal Securities Act
Problem
Solution
Federal Securities Act
The Stock Market Crash
Buying “on Margin”
Insider Trading
Over-valuing of stock
Securities and Exchange Commission set up to enforce new government regulations of stock market.
Reform

4. Problem Solution Relief Reform “Bank Runs”
Emergency Banking Relief Act & Bank Holiday
Relief
Federal Deposit Insurance Corp.
Lack of Consumer Confidence in Banking System
Reform

5. Relief/Recovery Solution Problems “Hoovervilles”
People Can’t Afford Housing
Low demand for goods & services
Federal Housing Administration
Relief/Recovery

6. Farm Security Administration Camp for Dust Bowl Refugees
Problem
Solution
Farm Security Administration
Dust Bowl
Camp for Dust Bowl Refugees
Droughts in Mid-West cause storms and ruin crops.
Relief

7. Agricultural Adjustment Act
Problem
Solution
Agricultural Adjustment Act
Overproduction
Farmers received subsidies in exchange for limiting production.
Overproduction of farm goods led to low prices. Some farmers protested by dumping crops or burning them for fuel.
Recovery

8. Problems Massive Unemployment Extreme Poverty
1/3 of population unemployed
Families can’t pay rent
Thousands migrate in search of better conditions
Hunger & even starvation

9. Solutions: Unemployment Works Progress Administration (WPA)
Recovery
WPA Artist Sketches WPA Workers
Puts people to work on government projects.
Both manual and intellectual projects.
Federal Writers Project (Including Historians!)
Artists Paint Post Office Murals
Federal Theater Project

10. Solutions Recovery Civilian Conservation Corps (CCC)
CCC Workers Build Fence in Greene, NY
Young people were given jobs doing conservation & recreation related projects. Local examples include some of the pavilions at Chenango Valley State Park.
Recovery

11. Problems Solution Recovery Underdevelopment of South High Unemployment
Tennessee Valley Authority (TVA)
TVA builds damns to provide electricity to rural South.
Construction and operation also provides work for unemployed.
Recovery

12. Problem Solution Recovery Factory Closings Cause Unemployment
National Industrial Recovery Act
Required industries to create codes regulating wages, hours, working conditions, & prices. It was designed to promote recovery by ending wage & price deflation.
Recovery

13. National Labor Relations Act (Wagner Act)
Problem
Solution
Labor Disputes
National Labor Relations Act (Wagner Act)
A Sit-down Strike
Guaranteed workers the right to bargain collectively and form unions w/out fear of punishment from management.
Reform

14. Problems Solution Relief Social Security Act
Poverty among elderly & disabled.
Relief
Old Age Pensions
Aid to Disabled
Encouraged states to provide matching benefits.
Men signing up for social security.