The Great Depression

1
The Great Depression The New Deal

• Relief, Recovery, Reform

2
Background on FDR

• Franklin Delano Roosevelt is elected POTUS in
  1932 (serves from 1933-1945)
• Originally from New York
• Very prideful, confident
• Marries his 4th cousin, Eleanor. His 5th cousin
  was Theodore Roosevelt
• Served in the NY State Assembly. Ran as VP on the
  losing Democratic ticket in 1920. Became ill with
  polio and loss the use of his legs. Was elected
  Gov. of NY 1929.

3
FDR Faces Illness

• Left him unable to use his legs led to a very
  deep depression felt that his career was over
• Eleanor keeps his political career alive

4
Becoming President

• Elected as New Yorks Governor in 1928
• Four years later elected as POTUS
• Promises a New Deal for America
• New role for the Federal Govt
• Active participation in the economy
• Alphabet programs
• Closest weve ever come to socialism

5
John Maynard Keynes

• Keynesian Economic Theory
• Economic slowdown, increase govt spending
  (deficits) cut taxes
• Rapid economic growth, raise taxes cut spending

6
The New Deal

• FDR completely opposite philosophy of
  Hoovergovt will act!!! (100 days)
• Regulation of the banks
• FDIC insured accounts
• Restore faith in the banking system

7
Alphabet Programs/Agencies

• CCC Civilian Conservation Corps
• TVA Tennessee Valley Authority
• WPA Works Progress Administration
• SEC Securities Exchange Comm.

8
TVA Map
9
Additional New Deal Programs

• AAA (Agricultural Adjustment Act) farm
  subsidies
• Rural Electrification Act
• Wagner Act joining a union is a right
• Fair Labor Standards Act

10
Psychology of Recovery

• 21st Amendment Repeals prohibition
• Govt actions gives people hope
• At least the Prez was doing something to help
• Fireside Chats directly talk to the people

11
Challenges to the New Deal

• Supreme Court rules against several New Deal
  Programs
• FDR is upset by this
• Court Packing Scheme Increase size of the
  Supreme Court from 9 to 15
• 6 new justices would be appointed by FDR
• Proposal fails

12
The New Deal Legacy

• Many programs exist today (Social Security)
• Public Projects (Grand Coulee Dam)
• Most importantly the role of govt changes
  forever (pro-active)