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The New Deal

The New Deal. Mr. Mizak Modern American History. The Problem. The country is in the heart of the worst economic disaster in U.S. history. 1932- U.S. elects FDR in hopes of a change Campaigned on the platform of “do something” This “something” became the New Deal. Roosevelt’s New Deal.

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The New Deal

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  1. The New Deal Mr. Mizak Modern American History

  2. The Problem • The country is in the heart of the worst economic disaster in U.S. history. • 1932- U.S. elects FDR in hopes of a change • Campaigned on the platform of “do something” • This “something” became the New Deal

  3. Roosevelt’s New Deal • What? • Programs meant to help the country by getting the government involved in the economy • ? Meant to do 3 thingss 1. Relief - help people out in the short term 2. Recovery - get the economy back on its feet 3. Reform - keep this from ever happening again

  4. First Step- Bank Holiday • People lost confidence in the banks • Closed banks for four days to reorganize • President explains in a “fireside chat” End Result • Confidence restored

  5. Next Step - “Alphabet Soup” • First Hundred Days • In the first 100 days of his administration Roosevelt passed more legislation than any other president • Alphabet Soup • Agencies that are created under FDR are given acronyms • Ex. CCC (Civilian Conservation Corps) • SEC (Securities and Exchange Commission)

  6. CCC - Civilian Conservation Corps • 18-25 year old guys get jobs and send money home to their families • CCC workers in Lassen National Forest, California

  7. AAA - Agricultural Adjustment Administration • Government pays farmers not to farm and produce more goods • Meant to cause prices to rise and halt overproduction

  8. FDIC - Federal Department Insurance Corp • Insurance for the $ you put in banks • Protected people’s savings • Another step to protect American confidence • Still around today • Protected up to $250,000

  9. FERA - Federal Emergency Relief Admin. • Gave direct relief ($) to those who needed it • Beginnings of a welfare program • Redistribution of wealth to poor and struggling families

  10. Social Security • Taxed people working to give payments to the elderly • Pension fund for retired people over 65 • Myth of poor being lazy exposed • 13 weeks of unemployment insurance • Funds also for disabled and single parent families

  11. The New Deal - Pros and Cons • Pros • Restored optimism and hope to Americans • Provided necessary relief to many • Cons • Did not really fix the depression • Left the nation with much debt • Left people too dependent on government (?)

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