Roosevelt’s New Deal:
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Transcript of Roosevelt’s New Deal:
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Roosevelt’s New Deal:
or Failure?
Success
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The Great Depression
• Stock market crashed• Factories, businesses,
banks closed down• Millions lost their jobs• Many lost their savings
and their homes
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Causes of Crash•Stocks rose too fast•Wages for workers fell•Poor couldn’t buy goods
•Farm prices lagged
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Crash Came October, 1929
•Stocks dropped drastically
•Banks began to fail•People lost jobs, homes, and hope
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Roosevelt’s New Deal Helped
• Presented legislation to make banks stronger
• Created National Industrial Recovery Act (NIRA)
• Developed Civilian Conservation Corps (CCC)
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Other Acts Were Introduced
•Home Owners Loan Act
•Farm Credit Act•Social Security Act
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Some Efforts Failed
• NRA--National Recovery Administration
• AAA--Agricultural Adjustment Act
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The End of the New Deal
•Seemed to be working, so Roosevelt cut funding
•Hitler’s Germany posed a threat, and the war economy grew
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New Deal Achievements•Provided jobs and
prevented total economic collapse
•Restored citizens’ faith in Democracy and Capitalism
•Helped create a more sympathetic U.S.
•Convinced people of the value of shared sacrifice
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The End