Aim – What measures did FDR introduce to deal with the Depression?
Starter <ul><li>Match up the Heads and Tails below to match the definitions: </li></ul>HEADS TAILS Overproduction - People took bank loans to buy shares on the stock market and then were unable to make a profit. Unequal distribution of wealth - Once the market became saturated (people all had the items they needed) factories were forced to make fewer goods, needing fewer workers. Tariff policy - Prices fell dramatically as investors tried to sell their shares. $8000 million lost as a result. Speculation on shares - Even during the boom years many American families lived below the ‘poverty line’ the Depression added to this. Wall St. Crash, 1929 - Americans had put a tariff on foreign goods so other countries had done the same making it very difficult to sell US products abroad.
Roosevelt’s measures - summary <ul><li>There were 2 candidates for the 1932 presidential elections – Herbert Hoover (Republican president) and FDR (Franklin D. Roosevelt, a Democrat). </li></ul><ul><li>Hoover said they had to tough out the Depression but FDR offered ‘ a New Deal for the American public ’. </li></ul><ul><li>FDR worked out a way to restore the cycle of prosperity. </li></ul><ul><li>He worked hard during his first 100 days sorting out the banks and setting up the ‘ Alphabet Agencies ’ </li></ul><ul><li>He also took time to go on radio to speak to millions of Americans directly in his ‘ fireside chats ’. </li></ul>
Was the New Deal a success? <ul><li>Some Americans (especially Republican supporters of Hoover) thought that FDR was acting like a dictator and wasting the public’s tax money . </li></ul><ul><li>Many members of the Supreme court were Republican and they often worked against him. </li></ul><ul><li>Black people did not benefit from the New Deal. </li></ul><ul><li>New Deal only worked when backed by lots of government money. </li></ul><ul><li>Not until WW2 from 1939 that America recovered completely with the demand for American resources abroad high. </li></ul>