1. Unit 7: The Great Depression

2. President Roosevelt
FDR demanded "broad executive power to wage a war against the emergency, as great as the power that would be given me if we were in fact invaded by a foreign foe."
This would not only mean more government intervention in the economy than ever before, but it would also mean more power to the Executive Branch (president) rather than doing this by passing laws through the Legislature

3. Hoover Presidency FDR’s Presidency 1929-1933 1933-1945

4. FDR’s Fireside Chats
FDR began weekly radio addresses called “fireside chats”
In these addresses he tried to reassure and unite the nation
He explained parts of the New Deal and his policies to the American pe0ple
Play video:
This is a new thing for the president to speak directly to the American people on this regular of a basis

5. The First 100 Days
In FDR’s first 100 days in office, he pushed 15 major bills through Congress
Reshaped every aspect of the economy – from banking and industry to agriculture and social welfare
He called his approach “The New Deal”

6. Attitude Inventory
Measures where you are on the political spectrum in regards to economic issues.
Circle the number that best represents how much you agree with the statement.

7. Alexandria Ocasio-Cortez (D-NY)
The Green New Deal
70% Marginal Tax Rate

8. The New Deal:
Success or Failure?

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

10. The New Deal
Relief: Stop the Pain

11. 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)

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

13. The New Deal
Recovery: Fix the Problem

14. 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)

15. Fixing the Market Federal Securities Act
Required companies to provide info about their finances if they sell their stock
Securities and Exchange Commission (SEC)
Regulates the stock market
The SEC enforces the rules of the Stock Market and other business practices

16. The New Deal
Reform: Prevent Future Problems

17. 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
Will run out of $ in 2034

18. Helping Working People
Wagner Act: Legalized union practices
Collective bargaining
Closed shops – some workplaces only open to union members

19. WWII 1940: America starts selling weapons to Allies
5.5% - Normal unemployment rate,
1940: America starts selling weapons to Allies
1941: America enters WWII

20. Was the New Deal a Success or a Failure?
The Question