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Roosevelt’s New Deal:

Roosevelt’s New Deal:. Success. or Failure?. The Great Depression. Stock market crashed Factories, businesses, banks closed down Millions lost their jobs Many lost their savings and their homes. Causes of Crash. Stocks rose too fast Wages for workers fell Poor couldn’t buy goods

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Roosevelt’s New Deal:

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  1. Roosevelt’s New Deal: Success or Failure?

  2. The Great Depression • Stock market crashed • Factories, businesses, banks closed down • Millions lost their jobs • Many lost their savings and their homes

  3. Causes of Crash • Stocks rose too fast • Wages for workers fell • Poor couldn’t buy goods • Farm prices lagged

  4. Crash Came October, 1929 • Stocks dropped drastically • Banks began to fail • People lost jobs, homes, and hope

  5. Roosevelt’s New Deal Helped • Presented legislation to make banks stronger • Created National Industrial Recovery Act (NIRA) • Developed Civilian Conservation Corps (CCC)

  6. Other Acts Were Introduced • Home Owners Loan Act • Farm Credit Act • Social Security Act

  7. Some Efforts Failed • NRA--National Recovery Administration • AAA--Agricultural Adjustment Act

  8. The End of the New Deal • Seemed to be working, so Roosevelt cut funding • Hitler’s Germany posed a threat, and the war economy grew

  9. New Deal Achievements • Provided jobs and prevented total economic collapse • Restored citizens’ faith in Democracy and Capitalism • Helped create a more sympathetic U.S. • Convinced people of the value of shared sacrifice

  10. The End

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