BELL WORK Define

NRA NIRATVACCCFERA

What do they stand for, and what did they do? 336-341

ROOSEVELT’S NEW DEALSection 2, Chapter 11

FDR TAKES CHARGE 1932 election

Hoover (R) v Roosevelt (D)

Roosevelt won 43 states

Restoring confidence“nothing to fear

but fear itself”Put people to workRestore banks

THE NEW DEAL TAKE SHAPE 100 days

Economic laws and programs past in the first 100 days of FDR becoming president The laws become

known as “The New Deal”

15 major laws passed

Jobs and Relief CCC, TVA, NRA,

FERA

BELL WORK Key People and Events

Define Frances Perkins Dust Bowl Fascists Spanish Civil War Ralph Bunche

Look on pages 344-349

NEW DEAL PROGRAMS CCC NRA

Civilian conservation corps Planted trees Built hiking trails Pay

Was small but they were working, receiving health care, and getting three meals a day

National Recovery Agency Provided codes for

wages and hours and working conditions

Tried to introduce price control

Discouraged women and child labor in hazardous industries

MORE NEW DEAL PROGRAMS

AAA FERA

Goals Raise farm prices Control production

Raise prices Paid farmers to destroy

crops, milk, livestock Control Production

Paid farmers not to leave land uncultivated

Would pay farmers subsides if prices fell

Later becomes unconstitutional

Federal Emergency Relief Administration Money to states to

help people in need Had to qualify for

money alleviating household

unemployment by creating new unskilled jobs in local and state government

KEYNESIAN THEORY (BOTTOM UP) Best buy makes money Grocer needs more food

Farmer makes more food

Best buy hires more people

Sells more food,

needs more help,

hires more people

I buy tv from Best Buy I buy food

$ to me

TRICKLE DOWN Ford gets more $

Can afford to make more product Ford makes more $

Sells product at a cheaper price

More supplies need to meet demand

More people buy product Hire more people

More people can buy cars

BELL WORK Pretend that you are the president.

What theory would you use, bottom up, or trickle down to fix the economy?

x’s on every other line of a sheet of paper front and backWhat theory of do you like better? Why?

Compare the two theories and talk in detail about why one is better than the other.

Make an argument! Neat hand writing, reasonable best effort needed

MORE NEW DEAL PROGRAMS

AAA FERA

Goals Raise farm prices Control production

Raise prices Paid farmers to destroy

crops, milk, livestock Control Production

Paid farmers not to leave land uncultivated

Would pay farmers subsides if prices fell

Later becomes unconstitutional

Federal Emergency Relief Administration Money to states to

help people in need Had to qualify for

money alleviating household

unemployment by creating new unskilled jobs in local and state government

REBUILDING A REGION TVA Tennessee Valley

Authority Control floodingBring electricity to

rural Tennessee Ends serious

flooding problems in Tennessee

NEW DEAL TODAYFDIC SEC

Federal Deposit Insurance Corporation Insured money put

into the banks by the government

Still around today

Securities and Exchange Commission Police force of the

stock market Have the ability to

punish dishonest stockbrokers and speculators

SECTION REVIEW Answer in complete sentences

Page 341, questions 2-5,7