The United States was on the verge of economic collapse. Americans who wanted to work could not find any work. The government at first did not have any answers. In 1932 Americans elected Franklin D. Roosevelt to help lead them out of the Great Depression. Since there were numerous causes of the Great Depression FDR tried numerous experimental approaches to get the nation out of the Great Depression. The new role the government would have from this point on has been a model used by Preisdent's such as Truman, Johnson and Obama. However, many leaders, such as President Reagan, have tried to push back and limit the government's economic responsibilities because of a growing national debt. What should our nation's fiscal policy prioritize? That is up the voters to decide.Essential QuestionsBased on Chapters 24 & 25 of the Textbook
Class NotesClass Activities
- What were some missed warning signs that the economy was in danger of collapse during the 1920s?
- What problems occurred that led to the Great Depression?
- How did President Hoover attempt to fix the American economy?
- How did FDR's New Deal attempt to solve the problems of the Great Depression?
- How did the New Deal change the government's responsibilities towards it's citizens?
Key ContentLaissez FaireBuying on CreditBuying Stocks on MarginThe Stock Market CollapseBank FailuresBonus Army March"Trickle Down" EconomicsPriming the Pump- as opposed to "trickle- down" economics
The New Deal - expanded economic role of the government
The Brain Trust- included Frances Perkins the 1st female member of the Cabinet
FDR Calls for a Special Session of Congress- checks and balances
The 1st 100 Days- a standard for all politicians to follow
Alphabet Soup- Categorized into the 3 rrrs below
Supreme Court Challenges the NEw DealFDR's failed "Court Packing " PlanKey Content
Relief Recovery Reform Attempts to Ease Economic Pain Temporary Jobs to Increase Consumer Spending Permanent Changes to Prevent Future Depresions FERA CCC, PWA, FDIC- Glass- Steagall Act Bank Holiday WPA, NYA Wagner Act Emergency Banking Act CWA, TVA Fair Labor and Standards Act Social Security Act Then some controversy AAA, NIRA, NRA
Opposition to the New Deal
Right Wing- Herbert Hoover, Fr. Charles Coughlin
The Supreme Court- Schecter Poultry v USA, Butler v USA
Left Wing- Dr. Townsend, Huey Long
FDR's response to the Criticism- Social Security, the failed "court-packing plan"
Legacy of the New Deal: How much of a safety net should the government provide for its citizens and are citizens to reliant upon government economic assistance?Influence of the New Deal on other Presidents
Helpful Websiteshttp://www.youtube.com/watch?v=dWvCCxOUsM8- Bonus Army Marchhttp://www.youtube.com/watch?v=Z_Ovo1arA-o- FDR's New Dealhttp://www.youtube.com/watch?v=TpfY8kh5lUw&safety_mode=true&persist_safety_mode=1&safe=active- life stories of the Great Depressionhttp://www.youtube.com/watch?v=wF80co_Y_Bc Government Promotional VideoMoviesCinderella ManOf Mice and Men
- Truman- Fair Deal- Why didn't it work as well as the New Deal?
- Eisenhower- Interstate Highway Act- Which New Deal programs were similar?
- JFK- Affirmative Action Promise, VISTA
- LBJ- "War on Poverty"- Great Society (Medicare, Medicaid, Head Start Programs, Elementary and Secondary School Act)- expanding on the principles of the New Deal
- Nixon- Environmental Protection Agency (EPA), Clean Air and Water Act, Equal Employment Opportunity Act
- Carter- Trying to fix stagflation- Creation of Energy and Education Department (Cabinet Positions)
- Reagan- "New Federalism"- scaled back government support of social programs, increasing trade deficit, supply- side economics (similar to Hoover's "Trickle Down", but why were the results different?)
- Clinton- Increasing Globalization- NAFTA, US Joins WTO, Opens trade with China
- George W. Bush- tax cuts, increasing debt, bank bailouts
- Obama- inherits economic crisis (Like FDR), Affordable Health Care Act (did the government go too far?)