1. CONCLUSION:
NEW DEAL
1. Compare and contrast the first and second New Deals and evaluate the success and failures
2. How effective was the New Deal in ending the Great Depression?

2. Relief, Reform, and Recovery
President Roosevelt began “New Deal” to end the Great Depression.
First New Deal: Relief
Second New Deal: Reform and Recovery

3. FIRST NEW DEAL’s Acts BANKING ACT
Roosevelt closed banks to stop people from withdrawing any more money
Urged the public to return their money back to the bank
Created FDIC
FDIC (Federal Deposit Insurance Corporation) – Insured individual bank deposits up to $5,000

4. Continue Established CCC
CCC (Civilian Conservation Corps) – Employed young men from 18~25 to plant trees, cut shrubs, create park trails, and develop campgrounds and beaches.

5. Again Supported the Federal Securities Act which established the SEC
SEC (Securities and Exchange Commission) – supervised companies with stocks and bonds to protect investors from stock frauds.
Passed the NIRA
NIRA (National Industrial Recovery Act) – stabilized prices, raised wages, limited work hours, and provided jobs
PWA, NRA

6. And again
Created AAA
AAA (Agricultural Adjustment Administration) – paid farmers to reduce output of their products (corn, cotton, dairy product, rice, tobacco, wheat)
The reduction in output raised the prices of the products
Increased income=farmers spending more money=stimulate overall economic recovery

7. And again TVA (Tennessee Valley Authority) – built new dams
Built new dams and power stations that provided electricity, flood control, and facilities for the region.
New dams & new stations = employees to work on the dams and stations = hiring = decrease in unemployment rate

8. New Deal Criticized! The First new deal was criticized by many people
Biggest complainers = American Liberty League.
New deal is destroying Constitution and free enterprise.
Francis E. Townsend-> Pension 200$ to everyone for over 60 years
Huey Long “Share Our Wealth” program
The government should have the power to seize wealth from the rich by taxes and provide home to every family, and guarantee minimum income.

9. SECOND NEW DEAL
Encouraged more public-works program, wage improvement, social-security programs.

10. Continue WPA (Works progress administration 1935)
help young people with NYA ( national youth administration)
employed 8.5 million people for public buildings, airports, and roads

11. Again Social Security Act (1935)
provided unemployment insurance to workers who lost jobs
pensions to retired workers older than age 65.
shared federal-stated program
payments to people with disabilities, elderly, and widows.
still continuing until this day

12. And again REA ( Rural Electrification Administration) Revenue Act
electricity to isolated rural areas
Revenue Act
sharply raised taxes for nation's richest people

13. Roosevelt during New Deal
Because of success that Second new deal brought, Roosevelt won the election of 1936 even with the support from the Republicans.
Roosevelt, confident with his success in election, tried to reform the supreme court by trying to replace one to six justices that were over 70
got many protests, and was rejected
soon, seven justices died or retired, so Roosevelt was able to replace them with his appointees.

14. Effect of Second New Deal
The supreme country kept concluding that most of the legislations were "unconstitutional."
ex) NIRA ( national industrial recovery act) so as a result!
Wagner-Connery Act.
labor's right to organize unions to bargain for better wages

15. Labor Farmers Congress of Industrial Organizations
tried to unite workers
resulted in strikes
ex) GM strike that was led to sit-down strike, GM between United Automobile Workers to unionize.-> UAM won
Farmers

16. SUCCESS?

17. FAILURE?

18. NO MORE DEPRESSION?

19. NEXT PROGRAM: Finally! It is time for Game!
Please make TWO Lines with equal number of people
One on the door and other on the window