Good Morning !

1. Good Morning! • NVC • HOT ROC: Campaign Button • Franklin D. Roosevelt and the New Deal Essential Question: How did Franklin Roosevelt’s response to the Depression differ from Herbert Hoover’s?

2. HOT ROC: Campaign Button • In 1932, Franklin Roosevelt ran against Herbert Hoover for President using slogans such as this • What does this button’s slogan tell you about how some people were feeling about Hoover’s policies of the Republican Era?

3. A Tale of Two Presidents Herbert Hoover Franklin D. Roosevelt

4. A New President • 1932 Franklin D. Roosevelt elected President • Democrat • Promises the country a “New Deal” • “I pledge you, I pledge myself, to a new deal for the American People”—FDR’s Inauguration address • Deficit Spending: government helps by spend money to create jobs and create programs to help people out

5. The New Deal • New Deal: series of laws and government programs aimed at helping people in need • Welfare State: social system where government takes some responsibility for well-being of its people • Social Security: government insurance program that provides benefits (money) for retirement and disability

6. Two Views on Economics • Supply Side Economics • Economy does well when the people who supply goods, jobs, and services (ie. business owners, etc) do well • Lower taxes to let business owners increase the supply of goods and jobs • Known as “trickle-down economics” • Demand Side Economics • Economy does well when people who demand goods, jobs, and services (ie. average people that buy things) do well • Government makes sure people have enough money to demand goods and services

7. Exit Ticket • Which approach do you think is best for the economy? • Supply Side Economics? • Demand Side Economics?