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Effectiveness of the New Deal & a Turning Point in Governmen
Transcript of Effectiveness of the New Deal & a Turning Point in Governmen
design by Dóri Sirály for Prezi
The Great Depression was the worst economic down turn in our nation's history. It was the longest depression and resulted in many suicides, homelessness. and political turmoil.
Hoover didn't take recession seriously. Hoover believed this was a passing recession.
Hoover didn't believe Federal government had a roll in fixing the economy. He did not agree with the New Deal.
Hoover, being a Republican, believed it was each state's individual duty to deal with the crises.
The Great Depression
Roosevelt was known for being Pregressive.
During his campaign for Presidency he promised the people a New Deal.
He won virtually for the fact that he wasn't Hoover.
Was OK with Federal
Government aid to citizens.
Initial Government Response
As the Depression became worse, federal intervention became necessary.
But Hoover refused to involve the federal government in:
forcing fixed prices
manipulating the value of the currency
All of which he felt were steps toward Socialism.
He was inclined to give indirect aid to banks or local public works projects.
He focused on volunteerism to raise money
More Initial Responses
Franklin Delano Roosevelt was originally a Senator, entering the political stage during 1910's.
He was diagnosed with Polio in the 20's where he lost the use of his legs.
He was known for his charm and character than his actual views.
FDR the Progressive
First on FDR's agenda was giving relief of economic grievances on citizens due to the depression. The main was FDR dealt with this was sending money directly out to people who needed it.
After relieving the people of their financial burdens, FDR began the recovery process. He bean "pumping and Priming" where temporary programs were started to restart the flow of consumer demand. FDR made many new government jobs and started projects to employ those in need.
The idea behind reform was to make sure this wouldn't happen again. Stock was a new idea and was highly unregulated. Regulations were then put in place. Programs were also set up (Social Security) for insurance incase something were to happen to somebody.
Turning Point in Government
Hoover represented a lot of the previous (Republican) beliefs in the country.
Unfortunately eith the new market and quickly evolving nation, changes needed to be made.
The nation and its people needed Federal aid and FDR gave it to them.
Never before had the Federal government been such a direct influence on the people.
To this day, Federal programs that stemmed directly and indirectly from the New Deal affect our lives.