2. The New Deal The Three R’s
Relief: To help people cope with the depression
Recovery: To help end the depression.
Reform: To prevent future economic problems
Franklin D. Roosevelt

3. Federal Securities Act
Problem
Solution
Federal Securities Act
The Stock Market Crash
Buying “on Margin”
Insider Trading
Over-valuing of stock
Securities and Exchange Commission set up to enforce new government regulations of stock market.
Reform

4. Problem Solution Relief Reform “Bank Runs”
Emergency Banking Relief Act & Bank Holiday
Relief
Federal Deposit Insurance Corp.
Lack of Consumer Confidence in Banking System
Reform

5. Relief/Recovery Solution Problems “Hoovervilles”
People Can’t Afford Housing
Low demand for goods & services
Federal Housing Administration
Relief/Recovery

6. Farm Security Administration Camp for Dust Bowl Refugees
Problem
Solution
Farm Security Administration
Dust Bowl
Camp for Dust Bowl Refugees
Droughts in Mid-West cause storms and ruin crops.
Relief

7. Agricultural Adjustment Act
Problem
Solution
Agricultural Adjustment Act
Overproduction
Overproduction of farm goods led to low prices. Some farmers protested by dumping crops or burning them for fuel.
Farmers received subsidies in exchange for limiting production.
Recovery

8. Works Progress Administration (WPA)
Problems
Solution #1
High Unemployment
Works Progress Administration (WPA)
Recovery
1/3 of population unemployed
Families can’t pay rent
Thousands migrate in search of better conditions
Hunger & even starvation
Puts people to work on government projects.
Both manual and intellectual projects.
Federal Writers Project (Including Historians!)
Artists Paint Post Office Murals

9. Civilian Conservation Corps (CCC)
Solution #2
Civilian Conservation Corps (CCC)
CCC Workers Build Fence in Greene, NY
Young people were given jobs doing conservation & recreation related projects. Local examples include some of the pavilions at Chenango Valley State Park.
Recovery

10. Tennessee Valley Authority (TVA)
Problems
Solution
Tennessee Valley Authority (TVA)
Underdevelopment of South
TVA builds dams to provide electricity to rural South.
Construction and operation also provides work for unemployed.
Recovery

11. National Industrial Recovery Act
Problem
Solution
Factory Closings
National Industrial Recovery Act
Required industries to create codes regulating wages, hours, working conditions, & prices. It was designed to promote recovery by ending wage & price deflation.
Recovery

12. National Labor Relations Act (Wagner Act)
Problem
Solution
Labor Disputes
National Labor Relations Act (Wagner Act)
A Sit-down Strike
Guaranteed workers the right to bargain collectively and form unions w/out fear of punishment from management.
Reform

13. Problems Solution Relief Social Security Act
Poverty among elderly & disabled.
Relief
Old Age Pensions
Aid to Disabled
Encouraged states to provide matching benefits.
Men signing up for social security.

14. FDR and the Supreme Court
‘The court-packing plan’The US Supreme Court declared many of FDR’s New Deal programs. In response, Roosevelt wanted to “pack” the Supreme Court with younger judges that would favor his ideas.
His plan consisted in adding 6 more justices to the Supreme Court and replacing any Supreme Court justice over the age of 70. His plan was struck down by the US Congress, but eventually in the 12 years that FDR served as president he got to appoint 8 justices.

15. End of the Great Depression
The Great Depression ended with the outbreak of World War 2.
US factories flooded with orders for weapons.
Unemployment decreases and production increases
Depression completely ends completely by the time the US enters the war in 1941.

16. Closure
Which New Deal program do you think was the most important in helping relief, reform, and recover the country?