- Slides: 8
Unit #8 Presidential Responses to the Great Depression LESSON #8 -7 FDR’s New Deal p. 251 -254
The New Deal (1933 -1935) 1. Save the ____ (_____) a. b. c. d. _______ – insure the banks ______ Chats – reassure Americans every week Get $$ back into circulation Provide affordable loans to homeowners and farms 2. Get Americans ______ (______ ) a. The “_____” of new agencies • PWA, CCC, CWA b. Get Americans _____ 3. Regulate ______ (____) a. Glass-Steagall Banking Act – _____ savings banks from investing companies b. Securities and Exchange Commission (SEC) – prevent _____ in the stock market
The Banks • Why did the banks need saving? • What is the real goal here?
Fireside Chats • What were two reasons FDR did this? • When the government does NOT do stuff like this, what does it appear the government is doing?
Getting $$ into circulation • Why had people been hoarding their $$ at home, and not in banks or spending? • Why is it better for everyone if they keep their $$ moving?
The “Alphabet Soup” agencies • Collectively, is the purpose of the PWA, CCC, CWA? • Why will this be GOOD for Americans? • Why will this be BAD for America, over time?
Investment Reform • What was the greatest weakness that caused the Stock Market to crash? • What is needed to be put in place to prevent another crash of the Stock Market? • What (collectively) is the purpose of Glass-Steagall Banking Act and Securities and Exchange Commission