USH; Unit 4 - Chapter 16 – THE NEW DEAL (1933-1939)
OVERVIEW: The prosperous economic times of the 1920s came to a devastating end with the stock market crash in 1929 and the Great Depression that followed. POTUS Hoover's administration dealt cautiously with the economic crisis. American voters elected Franklin D. Roosevelt (FDR) as POTUS in 1932 in the hope that the federal government would take a more active role in shaping the economy. In this chapter you will learn how FDR's administration dealt with the economic crisis and changed the role of government in American life.
VOCAB: New Deal, Bank Holiday, FDIC, CCC, SEC, NIRA, AAA, TVA, John Maynard Keynes, Frances Perkins, Harry L. Hopkins, John Collier, Sit-Down Strike, Share-Our-Wealth, WPA, NYA, Social Security Act, Wagner-Connery Act, Congress of Industrial Organizations, Dust Bowl, Migrant Mother, Regionalists, Federal Project #1, The Grapes of Wrath, Gone With the Wind, American Gothic, Zora Neale Hurston, Richard Wright, Frank Capra, Aaron Copland, Thomas Dorsey, Mahalia Jackson, Benny Goodman, Jacob Lawrence, Georgia O’Keefe
UNDERSTANDING THE NEW DEAL – AN OVERIVEW:
1. The New Deal was Pres. Franklin D. Roosevelt's (FDR) response to the Great Depression, which involved: (Stimulus Programs); The 3 R’s: Relief, Recovery, and Reform
A. Jobs programs to put the jobless to work
B. Reform Efforts: Regulate the stock market, end child labor, and guarantee the right of workers to unionize
C. Economic Security Programs: Insured bank deposits and Social Security, providing old age pensions.
D. Other reforms included gov.-backed home loans
THE NEW DEAL - OF NOTE:
1) To raise farm incomes, the New Deal paid farmers to take land out of production under the Agricultural Adjustment Act
2) Social Security, a New Deal Program, provided income to the elderly
3) The Fair Labor Standards Act guaranteed American workers the right to unionize and banned child labor
4) Critics of the New Deal were in constant fear that gov was becoming too big and overstepping its bounds5) FDR and the Supreme Court did not get along