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FDR vs. Hoover: Economic Responses During the Great Depression

In the 1932 presidential election, Franklin D. Roosevelt's campaign marked a dramatic shift in America's approach to the Great Depression compared to Herbert Hoover. FDR’s “New Deal” promised active government intervention to create jobs and support the needy, contrasting with Hoover's policies that emphasized limited government action. This campaign button reflects public sentiment towards Hoover's Republican policies, indicating discontent and a desire for change. Explore the differences between supply-side and demand-side economics and consider which approach might best support economic recovery.

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FDR vs. Hoover: Economic Responses During the Great Depression

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Presentation Transcript

  1. Good Morning! • NVC • HOT ROC: Campaign Button • Franklin D. Roosevelt and the New Deal Essential Question: How did Franklin Roosevelt’s response to the Depression differ from Herbert Hoover’s?

  2. HOT ROC: Campaign Button • In 1932, Franklin Roosevelt ran against Herbert Hoover for President using slogans such as this • What does this button’s slogan tell you about how some people were feeling about Hoover’s policies of the Republican Era?

  3. A Tale of Two Presidents Herbert Hoover Franklin D. Roosevelt

  4. A New President • 1932 Franklin D. Roosevelt elected President • Democrat • Promises the country a “New Deal” • “I pledge you, I pledge myself, to a new deal for the American People”—FDR’s Inauguration address • Deficit Spending: government helps by spend money to create jobs and create programs to help people out

  5. The New Deal • New Deal: series of laws and government programs aimed at helping people in need • Welfare State: social system where government takes some responsibility for well-being of its people • Social Security: government insurance program that provides benefits (money) for retirement and disability

  6. Two Views on Economics • Supply Side Economics • Economy does well when the people who supply goods, jobs, and services (ie. business owners, etc) do well • Lower taxes to let business owners increase the supply of goods and jobs • Known as “trickle-down economics” • Demand Side Economics • Economy does well when people who demand goods, jobs, and services (ie. average people that buy things) do well • Government makes sure people have enough money to demand goods and services

  7. Exit Ticket • Which approach do you think is best for the economy? • Supply Side Economics? • Demand Side Economics?

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