Today’s Warm Up Answer in your notes: Calise was absent from class yesterday. Briefly summarize what we covered in two to three sentences.

Today’s Warm UpAnswer in your notes:Calise was absent from class yesterday. Briefly summarize what we covered in two to three sentences.

Political Responses to the Great Depression

Hoover RespondsIt is NOT government’s job to help the poorChurches and charities should helpPROBLEM: People too poor to donate to churches, so churches can’t help as much!!!

VolunteerismCalls on business leaders to maintain employment, wages, prices

Hoover Responds- too little, too late

Reconstruction Finance Corporation (RFC)More than a billion $$ to railroads & large

businessesTrickle-down economicsUnfortunately, $$ did not trickle down to

the people who needed it mostBoulder Dam

Benefits of dam include work/labor, water, electricity, protection, pride

Federal Home Loan Bank ActHomes and farms more affordable/made

refinancing available

Hoover FailsBonus Army

WWI veterans seeking the bonus promised to them (~1945)1931 they called for early payment

Marched on Washington, DCHoover would not meet them – instead he sent Gen. Douglas MacArthur & federal troops

Check for Understanding

Summarize Hoover’s response to the Great Depression.

Election of 1932Herbert Hoover (Rep.)“Brother Can You Spare a Dime?”

Franklin Delano Roosevelt (Dem.)“Happy Days are Here Again!”

Who would YOU vote for? Why?Song Analysis

1932 Electoral College Votes

President Roosevelt Elected 1932

Brain TrustUsed professors and experts to develop programs to fight the depression

Promised “New Deal” for AmericansHundred Days

A period of intense activityin which Congress passed a lotof New Deal legislation.

Fixing the Depression- the New DealFixing Banks!!!

Declared a banking crisis Closed ALL banks/4 day “Bank Holiday”

Emergency Banking Relief ActPassed by Congress, allowed only sound

banks to reopen, the rest remained closedFireside Chat

told Americans by radio that the good banks were safer than $$ in a mattress

(30 more ‘chats’ that Am. listened to during his presidency)

What was the purpose of New Deal agencies?

NEW DEAL BEGINS- 3 Goals:Relief for UnemployedPlans for RecoveryReforms to Prevent more Depressions

Relief for Unemployed

CCC- Civilian Conservation Corp

PWA- Public Works Administration

TVA- Tennessee Valley Authority

SSA- Social Security Administration

Recovery Plans

NRA- National Recovery Administration

AAA- Agricultural Adjustment Administration

Prevention Reforms

FDIC- Federal Deposit Insurance Corporation

Have you seen this?

SEC- Securities and Exchange Commission

Check for UnderstandingSummarize FDR’s response to the Great Depression.

How do you think the average American felt about the New Deal?

Do you think that there were any criticisms of the New Deal? If so, what and from whom?