Today’s Warm Up Answer in your notes: Calise was absent from class yesterday. Briefly summarize what we covered in two to three sentences.

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Chapter 23 Roosevelt and the New Deal

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Presentation transcript:

Today’s Warm Up Answer in your notes: Calise was absent from class yesterday. Briefly summarize what we covered in two to three sentences.

Political Responses to the Great Depression

Hoover Responds It is NOT government’s job to help the poor Churches and charities should help PROBLEM: People too poor to donate to churches, so churches can’t help as much!!! Volunteerism Calls on business leaders to maintain employment, wages, prices

Hoover Responds- too little, too late Reconstruction Finance Corporation (RFC) More than a billion $$ to railroads & large businesses Trickle-down economics Unfortunately, $$ did not trickle down to the people who needed it most Boulder Dam Benefits of dam include work/labor, water, electricity, protection, pride Federal Home Loan Bank Act Homes and farms more affordable/made refinancing available

Hoover Fails Bonus Army WWI veterans seeking the bonus promised to them (~1945) 1931 they called for early payment Marched on Washington, DC Hoover would not meet them – instead he sent Gen. Douglas MacArthur & federal troops

Check for Understanding Summarize Hoover’s response to the Great Depression.

Election of 1932 Herbert Hoover (Rep.) “Brother Can You Spare a Dime?” Franklin Delano Roosevelt (Dem.) “Happy Days are Here Again!” Who would YOU vote for? Why? Song Analysis

1932 Electoral College Votes

President Roosevelt Elected 1932 Brain Trust Used professors and experts to develop programs to fight the depression Promised “New Deal” for Americans Hundred Days A period of intense activity in which Congress passed a lot of New Deal legislation.

Fixing the Depression- the New Deal Fixing Banks!!! Declared a banking crisis Closed ALL banks/4 day “Bank Holiday” Emergency Banking Relief Act Passed by Congress, allowed only sound banks to reopen, the rest remained closed Fireside Chat told Americans by radio that the good banks were safer than $$ in a mattress (30 more ‘chats’ that Am. listened to during his presidency)

What was the purpose of New Deal agencies? NEW DEAL BEGINS- 3 Goals: Relief for Unemployed Plans for Recovery Reforms to Prevent more Depressions

Relief for Unemployed CCC- Civilian Conservation Corp PWA- Public Works Administration TVA- Tennessee Valley Authority SSA- Social Security Administration

Recovery Plans NRA- National Recovery Administration AAA- Agricultural Adjustment Administration

Prevention Reforms FDIC- Federal Deposit Insurance Corporation Have you seen this? SEC- Securities and Exchange Commission

Check for Understanding Summarize FDR’s response to the Great Depression. How do you think the average American felt about the New Deal? Do you think that there were any criticisms of the New Deal? If so, what and from whom?