The document discusses the Great Depression and President Franklin D. Roosevelt's New Deal programs to address it. It provides background on the causes of the Depression, including outdated industries, farm issues, easy credit, and unequal income distribution. Roosevelt implemented relief programs like the CCC and WPA to provide jobs as well as the FDIC, SEC, Social Security, and other "alphabet soup" programs for financial reform and relief for those in need. His policies aimed to provide financial reform, relief, and economic recovery from the Depression.

1. PARTICIPATION Have you or someone you know been affected by the current economic crisis? How? If not, why do you think you haven’t been affected?

2. Chapter 22 The Great Depression

3. Roaring 1920s Economy Downturn Housing industry declined WWI industries no longer needed Railroads lost busi- ness to cars, planes, etc. Farmers took out loans in hopes of selling more Consumers had less money to spend

4. Causes of the Great Depression 1. Old, outmoded industry 2. Crisis in the farm sector 3. Availability of easy credit 4. Unequal distrib. of income

5. Stock market crashed Thursday through Tuesday in October of 1929 Dow Jones Industrial Average went from 381 to 230, bottoming out at 198

6. “ Hoovervilles”

7. The Dust Bowl

8. Drought worsens farmers’ problems Families left to find work

9. Soup kitchens Bread lines

10. The unemployment line

11. 1932: Ready for Change Franklin D. Roosevelt elected President

12. “ I pledge you, I pledge myself, to a new deal for the American people.” Franklin D. Roosevelt

13. “ Let me assert my firm belief that the only thing we have to fear is fear itself.” Franklin D. Roosevelt

14. New Deal The policies that Roosevelt and his “braintrust” created to alleviate the problems of the Great Depression Goals: Financial Reform Relief for the needy Economic Recovery

15. New Deal The “Hundred Days”

16. PARTICIPATION What has President Obama done during his “first 100 days” in office?

17. New Deal Fireside Chats

18. New Deal Financial Reform Established the FDIC (Federal Deposit Insurance Corporation) Federal Securities Act Securities & Exchange Commission (SEC)

19. New Deal Relief for Needy and Economic Recovery Agricultural Adjustment Act (AAA) Civilian Conservation Corps (CCC) PWA and CWA Tennessee Valley Authority (TVA) Fed. Housing Administration (FHA) “ alphabet soup”

20. New Deal The “Second New Deal” Eleanor Roosevelt: For women, the poor, and minorities Works Progress Administration (WPA) Social Security Act: 1. Insurance for retirees 65 and older 2. Unemployment compensation 3. Aid for families with children or the disabled

21. PARTICIPATION What similarities and differences do you see between the 1930s depression and 2008-2009 recession?

22. By 1939, the country was on a slow path to recovery. But Roosevelt became preoccupied with events in Europe

23. “ True individual freedom cannot exist without economic security and independence. People who are hungry and out of a job are the stuff of which dictatorships are made.” Franklin D. Roosevelt