roosevelt’s new deal:

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