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The Great Depression and the New Deal
Transcript of The Great Depression and the New Deal
design by Dóri Sirály for Prezi
Local and State Governments Overwhelmed
Local and State Governments were overwhelmed with people who needed social insurance and public assistance. At this time America believed that the community should take care of its people and that it was not the responsibility of the Federal Government.
1. Black Tuesday / Stock Market Crash
2. Bank Collapse
3. The New Deal Programs
Presidential Election of 1932
United States of America
Land of the Free, Home of the Brave
The Fair Labor Standards Act of 1938
Limits Child Labor (e.g. Ages 16 and 18)
Establishes minimum wage (Current: $7.25)
40 hour work week
Overtime pay = time and a half regular pay rate
Black Tuesday/Stock Market Crash
Many people had invested in the Stock Market and it became a tremendous increase interest.
This interest became a downfall of investments when many wanted to sell stocks in order to reach a higher living of economy. It had create many risks to the stock market businesses and speculators.
Later on it got really affected on October 29 1929 known as the Black Tuesday or when Stock Market crashed. In which slowly led to the cause of prices to be dropped and many being unemployed. As stock prices were dropped, not many were buying and slowly stock markets started to breakdown.
The New Deal of Franklin D. Roosevelt
1. Works Progress Administration: Decreases the
number of unemployment.
2. Federal Deposit Insurance:
a. Banks shut down for inspection and ro gain trust for banks.
b. Deposits up to $5,000
3. Social Security Act of 1935: Provide old age pensions(Retirement), benefits for being injured at work, unemployed, dependant mothers and children, blind and disabilities.
a. Social Insurance Programs
b. Social Services
c. Public Assistance
Banks invested alot of clients saving from stock marketting.
Stock Market collapse, banks were forced to close.
People panic in losing their savings and intend to get their money out from banks by withdrawing large amount of money.
Many were unemployed and it led to having alot to loose homes. This led to the higher population of homeless.
Many traveled from places to search for jobs but it was unsuccesful due to banks being closed and hardly any money can be invested.
August 17, 1890 – January 29, 1946
FDR's closest adviser
One of the architects of the New Deal, especially the relief programs of the Works Progress Administration (WPA)
1915, New York City Mayor John Purroy Mitchel appointed Hopkins executive secretary of the Bureau of Child Welfare which administered pensions to mothers with dependent children.
March 1933, Roosevelt summoned Hopkins to Washington as federal relief administrator.
Hopkins continued to expand New York State's work-relief programs the Temporary Emergency Relief Administration.
He supervised the Federal Emergency Relief Administration (FERA), the Civil Works Administration (CWA), and the Works Progress Administration (WPA).
Over 90% of the people employed by the Hopkins programs were unemployed or on relief.
Franklin Delano Roosevelt
August 10, 1874 – October 20, 1964
Achieved American and international prominence in humanitarian relief efforts in war-torn Belgium and served as head of the U.S. Food Administration before and during World War I
Secretary of Commerce in the 1920’s under Pres Warren G Harding and Calvin Coolidge
Promoted partnerships between government and business under the rubric "economic modernization"
Hoover is the most recent cabinet secretary to be elected President of the United States
Wall Street Crash of 1929 struck less than eight months after he took office
Hoover's defeat in the 1932 election was caused primarily by his failure to end the downward economic spiral, although his support for strong enforcement of prohibition
January 30, 1882 – April 12, 1945
Lead the United States during a time of worldwide economic depression and total
A dominant leader of the Democratic Party
He built a New Deal Coalition that realigned American politics after 1932
FDR's New Deal Coalition united labor unions, big city machines, white ethnics, African Americans and rural white Southerners.
Energized by his personal victory over polio, FDR's unfailing optimism and activism contributed to a renewal of the national spirit
He made war on Japan and Germany after the Japanese attack on Pearl Harbor on December 7, 1941, calling it a "date which will live in infamy".