Roosevelt’s New Deal:
or Failure?
Success
The Great Depression
• Stock market crashed• Factories, businesses,
banks closed down• Millions lost their jobs• Many lost their savings
and their homes
Causes of Crash•Stocks rose too fast•Wages for workers fell•Poor couldn’t buy goods•Farm prices lagged
Crash Came October, 1929
•Stocks dropped drastically
•Banks began to fail•People lost jobs, homes, and hope
Roosevelt’s New Deal Helped
• Presented legislation to make banks stronger
• Created National Industrial Recovery Act (NIRA)
• Developed Civilian Conservation Corps (CCC)
Other Acts Were Introduced
•Home Owners Loan Act
•Farm Credit Act•Social Security Act
Some Efforts Failed
• NRA--National Recovery Administration
• AAA--Agricultural Adjustment Act
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
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
The End