New Deal Roosevelt’s plan for getting out of the Depression.

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Presentation transcript:

New Deal Roosevelt’s plan for getting out of the Depression.

The Three R’s Relief-implies short term attention Recovery-implies longer term “healing” Reform-implies reconstruction

Major Goal and Issues Recirculation of money in the economy Pump Priming Banks Farms Employment Stock Market

Cartoons

Banks Declared a Bank Holiday Emergency Banking Relief Act 1933 Glass-Stegall Banking Act

Cartoons

Farms Agricultural Adjustment Administration (AAA) Farm Credit Administration (FCA)

Employment Civilian Conservation Corps (CCC) Federal Emergency Relief Administration (FERA) Home Owner’s Loan Corporation (HOLC)

Employment Continued… Civil Works Administration (CWA) Public Works Administration (PWA) Tennessee Valley Authority (TVA) Works Progress Administration (WPA)

Employment Continued… Social Security Act 1935 National Industry Recovery Act 1933 (NIRA) National Recovery Administration (NRA) Wagner Act

Cartoons

Stock Market Federal Securities Act 1933 Securities and Exchange Commission

Other Reciprocal Trade Agreement Court Packing

Criticism Pampered Labor Stifled private enterprise Creeping socialism FDR was a one man “super-government” Bullied Congress and Courts Did NOT cure the Depression Add bureaucratic paperwork

Women Lower pay Males received preferences for jobs Long Hours

African Americans Not offered professional jobs or skilled jobs Lower pay Job Discrimination

New Deal Does TOO Much? TVA considered socialist Revenue Act Social Securty Act

New Deal Does NOT Do Enough? Believed entire economic system needed to be reformed Believed in Nationalization