1933 TO 1937 New Deal Legislation. What is the FDIC? Video— Do banks still fail? What happens if...

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1933 TO 1937 New Deal Legislation

Transcript of 1933 TO 1937 New Deal Legislation. What is the FDIC? Video— Do banks still fail? What happens if...

Page 1: 1933 TO 1937 New Deal Legislation. What is the FDIC? Video—  Do banks still fail? What happens if your bank.

1933 TO 1937

New Deal Legislation

Page 2: 1933 TO 1937 New Deal Legislation. What is the FDIC? Video—  Do banks still fail? What happens if your bank.

What is the FDIC?

Video—https://www.youtube.com/watch?v=jpPcRojsO74

Do banks still fail? What happens if your bank fails?Video—

http://www.cbsnews.com/news/your-bank-has-failed-what-happens-next/

Page 3: 1933 TO 1937 New Deal Legislation. What is the FDIC? Video—  Do banks still fail? What happens if your bank.

Home Owners Loan Corporation and FHA

1) What was the intent of the HOLC? Was it successful?

2) Watch the video and explain how does the FHA reflect the three R’s?

https://www.youtube.com/watch?v=AlDx_HzARKY

3) Why is home ownership important beyond the economic stimulas?

Page 4: 1933 TO 1937 New Deal Legislation. What is the FDIC? Video—  Do banks still fail? What happens if your bank.

The Civilian Conservation Corps

Video—

https://www.youtube.com/watch?v=_1uEVf

1) Cause and Effect the CCC.2) What about women?

Page 6: 1933 TO 1937 New Deal Legislation. What is the FDIC? Video—  Do banks still fail? What happens if your bank.

What is Social Security?

Video—

https://www.youtube.com/watch?v=n4HBi8BcnHg

1) Why was SS established?2) What is the biggest issue SS faces today and

the future?

Page 7: 1933 TO 1937 New Deal Legislation. What is the FDIC? Video—  Do banks still fail? What happens if your bank.

Conservative Opponents of the New Deal

FDR and his New Deal had many critics, not only from the conservative right, but from his own liberal leftwing groups.

Criticism from the rightwing groups—Republican leader criticized the New Deal as1. Being too regulatory on business2. Too pro-union, thus taking sides with labor3. Spending money that the Federal govt didn’t have—so the

beginning of deficit spending (this was promoted especially in the late 1930s by economists who supported the theories of British economist John Maynard Keynes, thus it is called Keynesian economics) This type of economic theory promotes the idea of “priming the pump” or govt stimulation of the economy. Sound familiar?

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Huey P. Long and Liberal Criticism of the New Deal

Socialist and extreme liberals in the Democratic party criticized the New Deal said that FDR did too much for business and not enough for unemployed, working poor, ethnic minorities, women, and the elderly. In their opinion, the New Deal did not do enough and was too moderate. One of the major opponents of the New Deal from the left was Huey P. Long. SEE bio below—

http://www.hueylong.com/resources/biography.php

Video—

1) What the meaning of Long’s “Share Our Wealth” program

2) Read and “HIPP” the “Share Our Wealth” primary sources document

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Roosevelt’s Court Packing Plan (1937)

By 1936, the Supreme Court slowed the New Deal with rulings that limited the effectiveness of FDR’s programs. The Supreme Court was made up of conservative justices, mostly appointed by Republican presidents. In response to these court rulings, FDR attempted to “pack” the courts with younger liberal justices. His plan was to—For every justice 70.5 and older, the Judicial

Reorganization Bill, would authorize the President to add an additional judge to the Supreme Court; therefore, allowing 6 new liberal justices to be added.

The bill failed to pass and brought about criticism from both parties. Eventually many of the older justices would retire of die, thus Roosevelt got to appoint his people in the long run.

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Life in the Great Depression

1. See Dust Bowl on the other PP2. Photos of Dorothea Langehttps://www.google.com/search?q=photoes+of+dorothea+lange&espv=2&biw=1024&bih=476&tbm=isch&tbo=u&source=univ&sa=X&ei=M27wVIbKFoW0yASRmoK4CQ&ved=0CB8QsAQ

3. WPA and artists during the Great DepressionWoody Guthrie—https://www.youtube.com/watch?v=XaI5IRuS2aE

“This Land” lyricshttps://www.woodyguthrie.org/Lyrics/This_Land.htm

https://www.youtube.com/watch?v=MfMzsa03E3E

Famous version of the song

https://www.youtube.com/watch?v=1yuc4BI5NWU

“List of Artists who worked for the WPAhttp://en.wikipedia.org/wiki/List_of_Works_Progress_Administration_artists

Examples of New Deal art—

https://www.google.com/search?q=wpa+art&espv=2&biw=1093&bih=514&tbm=isch&tbo=u&source=univ&sa=X&ei=l3HwVILnDIT0yATvxoG4Cw&ved=0CDEQsAQ&dpr=1.25#tbm=isch&q=wpa+murals

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Key Terms To Know For The Test

Previous Handouts from 1920s and 1930sBrain trustFrances Perkins20th Amendment21st AmendmentFireside chatsHarry HopkinHuey LongJohn L. LewisJohn SteinbeckMarian AndersonKeynesian Economics