Inauguration Speech – “Nothing to fear but fear itself” – Set the tone for the administration Brain Trust – Three major conflicting groups that advised the President – They disagreed on specifics, but they all favored some form of government intervention in the economy The New Deal
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Warm-Up Questions 1.) The stock market took its steepest dive on October, 29, 1929, the day now known as a.) Red Thursday b.) Black Tuesday c.) Stormy Monday d.) Bloody Sunday 2.) Farmers on the Great Plains began to lose their crops during the Depression because a.) The soil lost its fertility b.) Frequent rains eroded the soil c.) A fungus depleted the soil of nutrients d.) A terrible drought dried the soil 3.) During the Great Depression, when a bank collapsed, a.) The government stepped in to run the bank b.) The government covered the bank’s debts c.) The government repaid deposits on insured accounts only d.) Depositors lost their savings 4.) Newly homeless people put up communities of shacks that they called
Transcript
Warm-Up Questions1.) The stock market took its steepest dive on October, 29, 1929, the day
now known asa.) Red Thursday b.) Black Tuesday c.) Stormy Monday d.)
Bloody Sunday 2.) Farmers on the Great Plains began to lose their crops during the
Depression becausea.) The soil lost its fertility b.) Frequent rains eroded the
soilc.) A fungus depleted the soil of nutrients d.) A terrible drought
dried the soil 3.) During the Great Depression, when a bank collapsed,
a.) The government stepped in to run the bankb.) The government covered the bank’s debtsc.) The government repaid deposits on insured accounts onlyd.) Depositors lost their savings
4.) Newly homeless people put up communities of shacks that they called
a.) Hobo towns b.) Hoovervilles c.) Bonus Armies d.) Shacktowns 5.) During the Depression, charities set up __________ to give poor people a
meal.a.) Dust bowls b.) Public works c.) Soup kitchens
d.) Communities
The New Deal
Objective 9.5: Assess the impact of the New Deal in enlarging the role of the federal government
• Inauguration Speech– “Nothing to fear but fear
itself” – Set the tone for the
administration
• Brain Trust– Three major conflicting
groups that advised the President
– They disagreed on specifics, but they all favored some form of government intervention in the economy
The New Deal
Hundred Days• F.D.R. sends bill
after bill to Congress
• March 9 - June 16th, 1933, Passed 15 major bills
Alphabet Organizations• Public Works Administration (P.W.A.)
– Awarded contracts to construction companies to build highways, dams, schools– Created by the National Industrial Recovery Act (N.I.R.A) to authorize the
President to regulate industry in an attempt to raise prices after severe deflation and stimulate economic recovery in a program known as the National Recovery
• Tennessee Valley Authority (T.V.A.)
– Created to provide economic growth, electricity, and flood control
• Securities and Exchange Commission (S.E.C.)– Created to regulate the stock market and prevent fraud
• Civilian Conservation Corps (C.C.C.)– Offered jobs to unemployed young men during the Depression
• Federal Deposit Insurance Corporation (FDIC)– Provided banking insurance for depositors
• Agricultural Adjustment Administration (AAA)– Tried to help farmers by paying them not to grow crops
Not Enough Help
• By 1935, Economy still has not recovered
• Not enough relief to keep people from starving
• Some people start to demand more reform
Criticism• Left wing believed that the
New Deal did not go far enough and needed more intervention. Wanted a spread of wealth from rich to poor.
• Right wing believed that the New Deal had too many regulations, made the government too big, and were upset with deficit spending– The American Liberty League
was created to organize people against New Deal
• Francis Townsend – Fought for pensions for seniors over 60
