Describe the “New Deal” and explain its significance in American history

1. Describe the “New Deal” and explain its significance in American history

2. Describe the “New Deal”The 3 R’s • RELIEF • RECOVERY • REFORM

3. Detailing the 3 R’s

4. Relief • FERA Federal Emergency Relief Act (1933) - money to states to provide basic needs to the unemployed

5. Recovery Social Security Act (1935) -pension for retirees and aid for ths disabled WPA,CWA,(1935),CCC (1933) -create jobs in gov’t sponsored projects

6. Reform BANK ACT (1933) -Banks were closed and reopened only after being inspected by the treasury FDIC (1933) -Insured bank deposits SEC (1935) -set rules for the stock market

7. Historical Significance • “Laissez Faire” philosophy of Gov’t in America is dead and gone • The President becomes an Economic Leader • Deficit Spending economic strategies become accepted remedies

8. “Laissez Faire” philosophy of Gov’t in America is dead and gone

9. The President becomes an Economic Leader

10. Deficit Spending economic strategies become accepted remedies

11. Watch the “New Deal”

12. CRITICS

13. LEGACY