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By: Allison Cohen Amber Hsu Jake Perez Sruthi Pichika

Why did not launch a Third New Deal? What was the economic impact of scaling back the New Deal? What were the arguments of supporters and critics of the New Deal?. By: Allison Cohen Amber Hsu Jake Perez Sruthi Pichika. Why did FDR not launch a Third New Deal?.

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By: Allison Cohen Amber Hsu Jake Perez Sruthi Pichika

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  1. Why did not launch a Third New Deal? What was the economic impact of scaling back the New Deal? What were the arguments of supporters and critics of the New Deal? By:Allison Cohen Amber Hsu Jake Perez Sruthi Pichika

  2. Why did FDR not launch a Third New Deal? Planned to launch Third New Deal to build on achievements FDR not in favor of deficit spending spending more $ than government receives in revenue Resulted in never launching third reform era

  3. Result of Scaling back New Deal 1937-Industrial production and unemployment improved Pressured by Congress to scale back New Deal programs Economic problems still occurring Resulted in… decrease in industrial production unemployment rising from 7 to 11 million from 1937 to 1938

  4. Arguments from Critics Conservatives thought FDR’s policies made government too large and powerful government stifled free enterprise and individual initiative Liberals argued FDR didn’t socialize economy enough refused to eliminate social and economic inequalities

  5. Arguments from Supporters Supporters thought… FDR struck balance between two extremes unregulated capitalism overregulated socialism Helped country to recover from economic difficulties

  6. Key Words Deficit Spending: Spending more money than government receives in revenue New Deal: Policies focused on relief for the needy, economic recovery, and financial reform FDR: Franklin Delano Roosevelt, proposed the New Deal program

  7. Supporters vs. Critics

  8. 1. What two groups criticized the New Deal?

  9. 1. What two groups criticized the New Deal? liberals and conservatives

  10. 2. What were the results after Congress pressured FDR to scale back the New Deal programs?

  11. 2. What were the results after Congress pressured FDR to scale back the New Deal programs? unemployment rose && industrial production dropped

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