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Bell Work

Bell Work. Define NRA NIRA TVA CCC FERA What do they stand for, and what did they do? 336-341. Roosevelt’s New Deal. Section 2, Chapter 11. Fdr takes charge. 1932 election Hoover (R) v Roosevelt (D) Roosevelt won 43 states Restoring confidence “nothing to fear but fear itself”

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Bell Work

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  1. Bell Work • Define • NRA • NIRA • TVA • CCC • FERA What do they stand for, and what did they do? 336-341

  2. Roosevelt’s New Deal Section 2, Chapter 11

  3. Fdr takes charge • 1932 election • Hoover (R) v Roosevelt (D) • Roosevelt won 43 states • Restoring confidence • “nothing to fear but fear itself” • Put people to work • Restore banks

  4. THE NEW DEAL TAKE SHAPE • 100 days • Economic laws and programs past in the first 100 days of FDR becoming president • The laws become known as “The New Deal” • 15 major laws passed • Jobs and Relief • CCC, TVA, NRA, FERA

  5. Bell Work • Key People and Events • Define • Frances Perkins • Dust Bowl • Fascists • Spanish Civil War • Ralph Bunche • Look on pages 344-349

  6. New Deal Programs • Civilian conservation corps • Planted trees • Built hiking trails • Pay • Was small but they were working, receiving health care, and getting three meals a day • National Recovery Agency • Provided codes for wages and hours and working conditions • Tried to introduce price control • Discouraged women and child labor in hazardous industries CCC NRA

  7. More new deal programs • Goals • Raise farm prices • Control production • Raise prices • Paid farmers to destroy crops, milk, livestock • Control Production • Paid farmers not to leave land uncultivated • Would pay farmers subsides if prices fell • Later becomes unconstitutional • Federal Emergency Relief Administration • Money to states to help people in need • Had to qualify for money • alleviating household unemployment by creating new unskilled jobs in local and state government AAA FERA

  8. Keynesian THEORY (bottom up) • Best buy makes money Grocer needs more food Farmer makes more food • Best buy hires more people Sells more food, needs more help, hires more people • I buy tv from Best Buy • I buy food • $ to me

  9. Trickle Down • Ford gets more $ • Can afford to make more product Ford makes more $ • Sells product at a cheaper price • More supplies need to meet demand • More people buy product Hire more people • More people can buy cars

  10. Bell work • Pretend that you are the president. What theory would you use, bottom up, or trickle down to fix the economy? • x’son every other line of a sheet of paper front and back • What theory of do you like better? Why? • Compare the two theories and talk in detail about why one is better than the other. • Make an argument! • Neat hand writing, reasonable best effort needed

  11. More new deal programs • Goals • Raise farm prices • Control production • Raise prices • Paid farmers to destroy crops, milk, livestock • Control Production • Paid farmers not to leave land uncultivated • Would pay farmers subsides if prices fell • Later becomes unconstitutional • Federal Emergency Relief Administration • Money to states to help people in need • Had to qualify for money • alleviating household unemployment by creating new unskilled jobs in local and state government AAA FERA

  12. Rebuilding a region • TVA • Tennessee Valley Authority • Control flooding • Bring electricity to rural Tennessee • Ends serious flooding problems in Tennessee

  13. New deal today • Federal Deposit Insurance Corporation • Insured money put into the banks by the government • Still around today • Securities and Exchange Commission • Police force of the stock market • Have the ability to punish dishonest stockbrokers and speculators FDIC SEC

  14. SECTION REVIEW • Answer in complete sentences • Page 341, questions 2-5,7 • 

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