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The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: Bank Failures Stock Market Crash Too Old to Work Many Lost Their Homes & Had to Beg for Food!

The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

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Page 1: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

The Elderly• Many Elderly

Americans Lost All of their Savings During the Great Depression:– Bank Failures – Stock Market Crash

• Too Old to Work

• Many Lost Their Homes & Had to Beg for Food!

Page 2: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

Social Security Act!• American Workers &

Employers Must Make Payments into the Social Security System

• When Americans Retire at 65, They Can Get Their Money Back in Monthly Payments

• Helps Older People Have $$$ When They Retire!

• Known as a Pension System!

Page 3: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost
Page 4: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

Why Do You Think The Social Security Act is Considered One of the Most

Important Accomplishments of FDR and the US?

Page 5: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

The 2nd New Deal• More Programs

Created by FDR in 1935 to “Stimulate” the Economy

• The 1st New Deal Helped, But Did NOT Solve the Great Depression!

• Unemployment Was Still Very High!

Page 6: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost
Page 7: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

The 2nd New Deal: WPA

• WPA – Works Progress Administration

• Established Large Scale National Works Programs to Create Jobs!

• More Public Works Projects!

Page 8: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

The 2nd New Deal: REA• REA – Rural

Electrification Administration

• Brought Electricity to Rural Areas

• Gave People Jobs!

Page 9: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost
Page 10: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

The 2nd New Deal: NYA• NYA – National Youth

Administration

• Set Up Job Programs for Young People & Helped Them Continue Their Education

• Since Jobs Were Limited, FDR Wanted High School Graduates to Go to College!

Page 11: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost
Page 12: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost
Page 13: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost
Page 14: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

The 2nd New Deal: Wagner Act

• Wagner Act

• Protected Workers Rights to Form Unions

• Set Up a National Board (NLRB) to Hear Labor Disputes (Workers vs. Owners)

• HELPED UNIONS!

Page 15: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

Social Security Act!• American Workers &

Employers Must Make Payments into the Social Security System

• When Americans Retire at 65, They Can Get Their Money Back in Monthly Payments

• Helps Older People Have $$$ When They Retire!

• Known as a Pension System!

Page 16: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

1936 Presidential Election

• FDR Won the 1936 Presidential Election by a Landslide! (Again)

• Business Leaders (Owners) Voted Against FDR – Feared Higher Taxes to Pay for New Deal Programs

• Business Leaders Feared Increasing Government Power!

Page 17: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

Working Class & African Americans 1936 Vote

• Working Class Americans Loved FDR (Gave Them Jobs, $$$, Food, Rent)

• FDR’s Programs Helped the Poor - Most African Americans Were Poor

• Why Had African Americans Always Voted Republican Since Abraham Lincoln Was President?

Page 18: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost
Page 19: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

New Deal vs. The Supreme Court

• Supreme Court Ruled in 1935 that Certain New Deal Programs were “Unconstitutional”

• Executive Branch Had to Much Power:– FDR was Making the

Laws & Congress Was Approving Them

– Control of 2 Branches of Government! (Executive & Legislative)

• Violation of Checks & Balances

Page 20: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

Essential Questions:

• Should the President of the United States have the power to create laws and programs to help the American People in times of great need?

• Even if he has to “Bend the Rules?”

Page 21: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

“Packing the Court”• In 1937, FDR Asked

Congress to Add 6 More Supreme Court Justices (9 + 6 = 15 Total)

• FDR Wanted the New Supreme Court Justices to Approve New Deal Programs

• Plan TOTALLY Backfired!

• Everyone Feared a Dictator in Control of All 3 Branches!

Page 22: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost
Page 23: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost
Page 24: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

Criticisms

Page 25: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

New Deal Programs Don’t Fix

The Great Depression• In 1937, The Economy

Took Another Turn For the Worse:– Unemployment Rose– Factories Fired

Workers

• The New Deal Helped, But Did NOT End the Great Depression!

• FDR Was Blamed! World War II Will End the Great Depression!

Page 26: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost
Page 27: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost
Page 28: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

Deficit Spending• Deficit Spending is

Using Borrowed $$$ to Fund Government Programs

• Spending $$$ The Government Does Not Have (Public Works Projects)

• Attempts to Create Jobs!

• The New Deal & The 2009 “Stimulus” Package!

Page 29: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

Deficit Spending

• Why is it necessary for the government to spend more money than it has during an economic depression? (Hypothesize)

Page 30: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost
Page 31: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost
Page 32: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

2010 Deficit Spending?

• Can you relate deficit spending to the “economic crisis” and President Obama’s plans (The Stimulus Package) to fix the economy today?

Page 33: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

The “2010” New Deal?

Page 34: The Elderly Many Elderly Americans Lost All of their Savings During the Great Depression: –Bank Failures –Stock Market Crash Too Old to Work Many Lost

Essential Questions:

• Should Rules Ever Be “Bent?”