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Roosevelt’s New Deal DEAL FUNDAMENTALLY CHANGED THE ROLE OF THE FEDERAL
GOVERNMENT.
experiencing unemployment, poverty, or old age.
Problems presented by the Great The Great Depression Problems presented by the Great
Depression American consumers felt insecure, which
Depression
discouraged spending
Rapid economic growth throughout the 1920s led to over- The resources of local governments and private charities were
speculation Businesses and factories slowed production and Less Spending strained by the sheer number of those in need
began to lay-off workers
A mild recession during the summer of 1929 signaled trouble The lack of federal social welfare programs meant increasing
Massive unemployment led to lower wages and numbers of Americans were left hungry and homeless
The stock market finally crashed on October 24, 1929 (“Black purchasing power
Thursday”) Bank runs led to the closure of thousands of financial institutions,
Americans began to fall into debt and, unable to further crippling the economy
Investors rushed to sell their stocks, which caused their prices to pay their loans, had their homes repossessed
plummet
Unemployment
The market lost a third of its value in less than a month Businesses cut
and lower
production
wages
The Great Depression: Roosevelt’s New Deal
The (First) New Deal Federal Relief Emergency National Recovery Act (NRA)
Administration (FERA)
FDR’s primary goals were to provide relief, stimulate economic Established by Congress on May 12, 1933 This act was aimed at putting the economy back on track
recovery, and to pass reforms that would prevent future crises
This program directed half a billion dollars towards state and local Established the National Recover Administration
On his second day in office, he declared a “bank holiday” relief agencies through federal grants Allowed the government to set wages and prices
This move allowed time for FDR’s administration to establish itself and These grants were used to pay the salaries of government workers Guaranteed workers the right to unionize
marked the initiation of his New Deal programs and to support soup kitchens
FDR quickly passed a series of legislation during the “First Hundred
Days”
The Great Depression: Roosevelt’s New Deal
Works Progress Administration Wagner Labor Relations Act Social Security Act
(WPA)
This administration was responsible for getting Gave workers federal protections when collectively bargaining Provided federal aid for the elderly,
Americans back on their feet by providing them retirement pensions, and
Protected workers from unfair practices
with jobs unemployment insurance, aid for
the disabled, and aid for
It was intended to replace direct relief with work
dependent children
relief
The administration employed 8.5 million people
from 1935 to 1943
The Great Depression: Roosevelt’s New Deal
Established a minimum wage and 40-hour work week Write short responses to the following questions:
Mandated time-and-a-half overtime pay How do you think the regulatory and social welfare programs
implemented under the New Deal changed citizens’ perception of
Restricted child labor
the role of government?
Evaluate FDR’s response to the Great Depression. In your opinion,
was the New Deal a success or failure?
Did you recognize any New Deal programs that still exist today?