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The Great Depression: FDR New Deal

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Mr. Zuckerman (a.k.a. Spiderman)

on 11 February 2016

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Transcript of The Great Depression: FDR New Deal

Group of intellectuals (advisor's) who helped create policies for the New Deal (FDR's program of Relief, Recovery & Reform) to get the American economy back on track

"Brain trust"extremely culturally diverse
consisted of record number of:
African Americans
Jews
Catholics
Women
Remember:
Jim Crow Laws were still going on at this time
Women had only been given right to vote with the 19th Amendment (1920)
Immediately after being sworn in as the President (March 4, 1933)
FDR calls Congress to an emergency session for a hundred day long special session
Agricultural Adjustment Administration (AAA)
designed to raise farm prices through governmental financial assistance
paid farmers NOT to raise certain crops and livestock
Hoped that lower production would cause prices to rise
Civilian Conservation Corps (CCC)
became FDR's favorite program
put more than 2.5 million young, unmarried men to work maintaining forest, beaches and parks
earned $30 a month, but lived in camps free of chage and received medical care, and job training
The main purpose of these programs pushed through Congress was to provide relief, create jobs, and stimulate the economic recovery
In order to get the banking system back in order FDR, declared a Bank Holiday on March 6, 1933
did this to restore confidence in banks that were still in operation
at this time many banks were failing (over 5,000)
as many banks had failed in 1933 as had failed in all the previous years of the depression
banks were failing as a result of nervous depositors flocking to banks to withdraw their funds (money)
a.k.a. Bank Runs
He assured listeners that the banks that would reopen after the bank holiday were those that were now safe.
Public responded as hoped, with money deposited in the reopened banks exceeding money withdrawn
FDR went on the Radio in his first Fireside Chat (March 12, 1933)
Hoover vs. FDR


Franklin D. Roosevelt (Democratic Party)
Electoral College Votes: 472
Popular Vote: 22,821,857
1932 Election Breakdown
Herbert Hoover (Republican Party) Electoral College Votes: 59
Popular vote: 15,761,841
FDR: Victorious in Election of 1932
In his inaugural address (1933), FDR tells the American people
"The Only Thing We Have to Fear is Fear Itself!"
FDR's "Brain Trust"
FDR's: First 100 Days
Congress passed into law every request of Roosevelt
laws were so numerous that they are often referred to by their initials
the large amount of laws passed during FDR's New Deal are
sometimes referred to as Alphabet Soup
http://www.history.com/videos/the-new-deal#the-new-deal
Clcik on the Following link to answer questions 6, 7, & 8
Key Legislation passed in the First 100 Days
the Bank Holiday & the Fireside Chats
FDR's First New Deal: Focused on Recovery
FDR's 2nd New Deal: Focused on Relief & Reform
Election of 1932
Do Now:
Wednesday, March 13, 2013

Imagine you are Franklin Delano Roosevelt. In the Presidential election of 1932, you defeat Republican Candidate President Herbert Hoover by a landslide. The country has experienced great struggle during the depression and the unemployment rate has now hit 25%. As the newly elected President you have to come up with a plan of action to steer the country out of the Depression. What will be your course of action to get the country out of the Great Depression?
http://www.history.com/videos/the-new-deal#the-new-deal
The Bank Holiday
Bank Holiday (March 6, 1933)

As many banks failed in 1933 as had failed in previous yrs. of the depression.

closed all banks for 4 days

gov't inspects banks to see what banks were fit to operate
Fireside Chats
1st Fireside Chat (March 12, 1933)
day before banks set to reopen
Roosevelt assures people banks that reopen after bank holiday are safe.
people respond by depositing money back into the banks

June 16, 1933
Federal Deposit Insurance Corporation (FDIC)
deposits in banks of up to $5,000 would be insured by the gov't
Do Now:
Thursday, April 4, 2013

Provide 2 reasons why some people might compare President Obama to Franklin D. Roosevelt?
http://www.history.com/videos/the-new-deal#the-new-deal
Imagine you are a reporter gathering people’s ideas/attitudes towards the New Deal: Create a newspaper headline that incorporates the key ideas expressed in all of the documents and provide an action packed paragraph explaining the various attitudes of the New Deal.
Assessment
In 1933, after having experienced nearly 4 yrs. of worst economic depression in US history, the American people were gripped by fear for their survival

In his inaugural Address (1933), FDR tells the American people that
"The only Thing we have to fear is Fear itself"
Analyze the following political cartoon and answer the questions below.

1. Who are the two people shown in this political cartoon?

2. What details does the author include to help us understand the message that he/she wants to convey?

3. What idea(s) is the artist of the political cartoon trying to convey to their viewers? How do you know this?
Reaganomics
Reagan's Plan to Fix Nation's Economic Mess
"Claimed: undue tax burden, excessive gov't regulation, and massive social spending programs limited economic growth.

Proposed: a Tax cut concentrated at the upper income levels.

Rationale: Tax relief for the rich would stimulate the economy and create new jobs, which would generate more revenue for the federal gov't."

Citation:
http://www.ushistory.org/us/59b.asp
Activator: Friday, March 13, 2014
Do you agree or disagree with Nelson Mandela's claim?
Why or why not?
President Lyndon B. Johnson on Tom Fletcher's porch Martin County, Kentucky
The Great Society (1965-1966)
Using the philosophies of Hoover, Obama, Reagan, and Roosevelt, explain what the role of the federal government should be during times of economic turmoil and why?
Group Discussion:
Activator: Friday, March 14, 2014
What does the chart below suggest about the importance of pre-school?
Activator: Monday, January 26, 2015
In 2007-2008 the American automotive industry was slumping and there were concerns that if something was not done both GM and Ford Motor Company could go bankrupt.

Obama decided to invest $80 billion to bailout these industries. Did the federal government overstep its bounds by bailing out the automotive industry? Why or why not?
Question #1: How does this video depict Big Government?

Question #2: Do you feel that it presents a valid concern for why we should be concerned with large scale government intervention during times of economic turmoil?
Should the federal government have intervened in 2009 to help the automotive industry? Why or why not?
Discussion Question:
Ticket to Leave:


On a piece of notebook paper, write down at least 1 potential positive and negative consequence of large scale government intervention during times of economic turmoil

and

at least 1 potential positive and negative consequence of limited government intervention during times of economic turmoil
Activator: Thursday, January 29, 2015
Using the political cartoon to the left, answer the following questions:
1) Which President's philosophy (Hoover or Obama) does the political cartoon reflect & how do you know this?
2) Does this political cartoon accurately depict their philosophy? Why or why not?
Activator: Thursday, February 4, 2015
Using the reading from last night, identify which paragraph(s) discuss/address the following ideas:
1. Hawley-Smoot Tariff
2. Factors that Contributed to the Great Depression
3. Roosevelt's Philosophy On How the Federal Gov't Should Handle Times of Economic Turmoil.

Activator: Tuesday, February 10, 2015
“I have no expectation of making a hit every time I come to bat. What I seek is the highest possible batting average.”
Explain how the following quote embodies/personifies FDR’s approach to the Great Depression.
FDR: A New Hope

http://www.history.com/topics/new-deal/videos
Trickle Down Economics
Wealthy
middle class
poor
Written Paragraph:

After analyzing all of these programs how would you explain FDR’s philosophy towards getting the country out of the Great Depression and the role the federal government should play in this?
Activator: Thursday, February 11, 2016
Last week the new unemployment rate was released by the Bureau of Labor Statistics showing that unemployment has now reached 5.1%, marking 66 consecutive months of job creation.

It is the lowest unemployment rate since April 2008 as the number of unemployed edged down to 8 million.

a. Do you believe that the economy is on the mend? Why or why not?

b. Do you believe the opportunities available to you will be better or worse 7 years from now? Why or why not?
Full transcript