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The New Deal

PowerPoint on FDR's response to the Great Depression.

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The New Deal

  1. 1. The New Deal
  2. 2. Beginnings of the New Deal  Failure of Hoover to adequately respond to the Great Depression.  Rugged Individualism approach? Not quite.  End of Republican political domination (1920-1932)  Election of FDR (1932)  Deepening economic crisis during the Dust Bowl and Great Depression
  3. 3. First Hundred Days  First Hundred Days  FDR institutes sweeping reform in his first 100 days in office.  Calls session of Congress for three months  Creates a slew of New Deal agencies – including TVA, CCC, and WPA  15 major bills pass Congress in first 100 days. “The whole country is with him, just so he does something. If he burned down the Capitol, we would all cheer and say, well, we at least got a fire started anyhow.” – Will Rogers
  4. 4. Fireside Chats  The fireside chats: A series of 20 evening radio addresses by FDR.  First used as governor of New York.  Uses “chats” to outline policies and gain public support  Most notably introduces the New Deal on May 7.1933.  Completely changes relationship between executive and public.
  5. 5. Legacy of Fireside Chats
  6. 6. The New Deal  Relief for the unemployed poor.  Recovery of the economy to pre- depression levels.  Reform of the financial system to prevent another depression.  Leads to greater federal control of the economy.  Remains controversial to this day to the rapid expansion of the federal government’s power.
  7. 7. Quote from head of the NRA “There is no choice presented to American business between intelligently planned and uncontrolled industrial operations and a return to the gold-plated anarchy that masqueraded as "rugged individualism" ... Unless industry is sufficiently socialized by its private owners and managers so that great essential industries are operated under public obligation appropriate to the public interest in them, the advance of political control over private industry is inevitable.”
  8. 8. Discussion  Do you agree or disagree? Should essential industries be “operated under public obligation appropriate to the public interest?”  What are some industries that should be socialized? Which businesses should not be?
  9. 9. Recession of 1937  Recession of 1937: Unemployment rises from 14.3% to 19% between 1937 and 1938.  FDR had claimed responsibility for improving economic conditions – this backfires with the recession.  Four years later, the US would reach full employment following their entry in to World War II.

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