Warm Up Page 73 Is it better to give a hungry person a fish to eat or to teach them how to fish? Why?

Franklin D. Roosevelt and the New Deal ISN 74 Wednesday, May 20, 2015Wednesday, May 20, 2015Wednesday, May 20, 2015Wednesday, May 20, 2015

Objective To understand FDR’s election to the presidency and his “New Deal” Programs. To understand FDR’s election to the presidency and his “New Deal” Programs. Essential Question: Essential Question:

Presidential Election of 1932 America Elects FDR America Elects FDR “Happy days are here again!” “Happy days are here again!” A “New Deal” A “New Deal” The Toll of the Depression on American Life The Toll of the Depression on American Life 25% Unemployed % Unemployed % Unemployed % Unemployed Million Jobs Lost 10 Million Jobs Lost Relief and Hope for Americans During the Depression Relief and Hope for Americans During the Depression Entertainment, Movies and radio shows Entertainment, Movies and radio shows

Election to the Presidency

The Rise of FDR FDR’s Childhood & Early Political Career FDR’s Childhood & Early Political Career Privileged upbringing Privileged upbringing Mother taught him to serve the public Mother taught him to serve the public From Polio to the Presidency From Polio to the Presidency August 1921 struck by Polio August 1921 struck by Polio 10 pound metal braces 10 pound metal braces Recovered & served as NY Governor Recovered & served as NY Governor FDR’s Charisma FDR’s Charisma Warmth & reassuring confidence Warmth & reassuring confidence “We Americans will rise from destruction; we Americans will conquer despair.” “We Americans will rise from destruction; we Americans will conquer despair.”

Early Political Career

The Beginning of the New Deal 1 st 100 days 1 st 100 days To execute the New Deal “promptly, fearlessly and generously.” To execute the New Deal “promptly, fearlessly and generously.” EBRA & EA EBRA & EA NIRA NIRA Direct Relief for People in Need Direct Relief for People in Need FERA FERA AAA AAA The TVA Leads New Deal Reform Efforts The TVA Leads New Deal Reform Efforts Reasons for the New Deal’s Early Success Reasons for the New Deal’s Early Success Bipartisanship Bipartisanship Good Advice Good Advice Fireside Chats Fireside Chats

Work Programs The Civilian Conservation Corp The Civilian Conservation Corp Young Men working in National Parks Young Men working in National Parks By million men By million men Modest Gains for Labor Modest Gains for Labor NIRA for workers rights NIRA for workers rights Fair Labor Standards Act Fair Labor Standards Act Eliminated child labor, creates minimum wage, better overtime pay Eliminated child labor, creates minimum wage, better overtime pay Minorities still under paid or barred Minorities still under paid or barred Praise for the New Deal Praise for the New Deal ND did have flaws but many were grateful ND did have flaws but many were grateful

Outlining the New Deal

Critics of the New Deal Criticism Criticism African Americans African Americans Tried to please too many people Tried to please too many people Too much or too little interference Too much or too little interference The American Liberty League The American Liberty League Big Business Big Business “Socialist” “Socialist”

The Legacy of the New Deal 2 nd Hundred Days 2 nd Hundred Days $1 Billion into economy $1 Billion into economy Legacy Legacy Re-shaped the role of the presidency Re-shaped the role of the presidency Federal government grew dramatically Federal government grew dramatically FDR and Eleanor Roosevelt ushered women into influential roles FDR and Eleanor Roosevelt ushered women into influential roles

Assessing the New Deal: Did it Work? Unemployment Dropped Unemployment Dropped Business Failures Decreased Business Failures Decreased Farmers Benefited Farmers Benefited Confidence in Banks Increased Confidence in Banks Increased Success was Limited Success was Limited How did we get out of it????? How did we get out of it?????

Great Depression Great Recession Bank Failures Unemployment Rate Economic Decline Biggest Dow Jones Decline Change in Prices Emergency Spending Programs States’ Responses 9,096 – 50% Of Banks 25% -26.5% -89.2% -25% 1.5% GDP for 1 year Raise Taxes, Cut Spending 47 – 0.5% Of Banks 9.7% -1.7% -53.8% +0.6% 3% of GDP for 2 Years Fed. Stimulus Plan