Warm Up What is the man waiting for?

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Presentation transcript:

Warm Up What is the man waiting for? What is the message of this cartoon? Could this cartoon be applied to any events recently?

FDR’s New Deal and the Great Depression

Stock Market Crash 1929 Prices inflated from overspeculation & buying on margin Stock sell-off spins out of control on Black Tuesday Billions lost in one day

19 31 Bank Failures 19 30 Fear of closings cause many withdrawals No insurance against bank closings Thousands of banks close

The New Heroes Bank robbers Bonnie & Clyde John Dillinger

1932 President Herbert Hoover Does little to stop the Depression Franklin D. Roosevelt wins 1932 election

Franklin D. Roosevelt Democrat from NY Promises that “Happy Days Are Here Again”

The only thing we have to fear is fear itself! Franklin D. Roosevelt Starts planning his “first 100 days” Calls reforms his “New Deal” for Americans Makes a more active government The only thing we have to fear is fear itself!

We need Relief, Recovery, and Reform! Fireside Chats

Relief Immediate help Money & support

Recovery Temporary jobs & programs Restart demand

Reform Changes to laws Permanent programs to avoid another depression

1935 The Dust Bowl Drought and overfarming dry up land Huge dust storms spread across the US

The Second New Deal 1935 1936 1937 More programs after FDR’s reelection

Criticism BIG government Deficit spending