2. Roosevelt’s New Deal: or Failure? Success

3. The Great Depression Stock market crashed Factories, businesses, banks closed down Millions lost their jobs Many lost their savings and their homes

4. Causes of Crash Stocks rose too fast Wages for workers fell Poor couldn’t buy goods Farm prices lagged

5. Crash Came October, 1929 Stocks dropped drastically Banks began to fail People lost jobs, homes, and hope

6. Roosevelt’s New Deal Helped Presented legislation to make banks stronger Created National Industrial Recovery Act (NIRA) Developed Civilian Conservation Corps (CCC)

7. Other Acts Were Introduced Home Owners Loan Act Farm Credit Act Social Security Act

8. Some Efforts Failed NRA--National Recovery Administration AAA--Agricultural Adjustment Act

9. The End of the New Deal Seemed to be working, so Roosevelt cut funding Hitler’s Germany posed a threat, and the war economy grew

10. New Deal Achievements Provided jobs and prevented total economic collapse Restored citizens’ faith in Democracy and Capitalism Helped create a more sympathetic U.S. Convinced people of the value of shared sacrifice

11. The End