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The Great Depression and the New Deal

The Great Depression and the New Deal. 1929-1941. The Great Depression. Major turning point in US history A prolonged economic downturn Transformed the role of the federal government Transformed people’s expectations of the federal government Maintained existing economic and social systems.

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The Great Depression and the New Deal

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  1. The Great Depressionand the New Deal 1929-1941

  2. The Great Depression • Major turning point in US history • A prolonged economic downturn • Transformed the role of the federal government • Transformed people’s expectations of the federal government • Maintained existing economic and social systems

  3. The Great Depression • Sparked by the stock market crash of 1929 • Sharp decline of economic production • Declining demand for products led to decline in industrial production

  4. The Great Depression • Stock Prices 1920-1929

  5. The Great Depression • Consumer Borrowing 1920-1929

  6. The Great Depression

  7. The Great Depression

  8. The Great Depression

  9. The Great Depression

  10. The Great Depression • Hoover Administration’s Reaction • Herbert Hoover • Background • Beliefs

  11. The Great Depression • Hoover’s Approach to the Depression • Americans protest and lash out against perceived causes of the Depression

  12. The Great Depression • The Bonus Army (1932) • Background • Response to Bonus Army • Consequences for Hoover

  13. The New Deal • Election of 1932 • Franklin Delano Roosevelt (1882-1945) • Background • FDR’s victory

  14. The New Deal

  15. The New Deal • FDR took office on March 4, 1933 • Faced a national banking crisis • Emergency Banking Relief Bill • First Hundred Days

  16. The New Deal • National Industrial Recovery Act (1933) • Theory • Goals

  17. The New Deal • National Recovery Administration (NRA) • Goals • Effects

  18. The New Deal • Agricultural Adjustment Act • Goals • Problems

  19. The New Deal • Civilian Conservation Corps • Public Works Administration

  20. The New Deal • Other Reforms • Securities and Exchange Act • Banking Act of 1933 • Prohibition repealed in 1933

  21. The New Deal • Keynesianism • Intellectual foundation of the New Deal • John Maynard Keynes

  22. The New Deal • The role of Eleanor Roosevelt • Reinvented role of the First Lady • Reaction to Eleanor Roosevelt

  23. The New Deal • The Second New Deal • First New Deal shaped by immediate emergency • Goal of Second New Deal

  24. The New Deal • Social Security Act (1935) • Wealth Tax Act

  25. The New Deal • Responses to the New Deal • Conservatives • “Demagogues” • Communist Party

  26. The New Deal • Labor • Wagner Act (1935) • Purpose • Reaction by businesses

  27. The New Deal • Union Membership 1933-1946

  28. The New Deal • Election of 1936 • FDR vs. Alf Landen • Factors behind FDR’s victory

  29. The New Deal • Election of 1940 • FDR vs. Wendell Wilke • Influenced by events in Europe

  30. The New Deal

  31. The New Deal • The New Deal and African-Americans • Scottsboro Boys • African-Americans and the Democratic Party

  32. The New Deal • Questions: • What made the Great Depression different from previous economic slowdowns? • What were the effects of the New Deal? • Did the New Deal get the U.S. out of the Great Depression? • Did the New Deal destroy capitalism?

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