economic

During the 1920s the USA economy

BOOMED!!!

During the 1920s the USA economy

BOOMED!!!

Bull Market on Wall Street.

Bull Market on Wall Street.

Very High demand for

stuff!!!

Very High demand for

stuff!!!

And no more Trust Busting or

regulation…

And no more Trust Busting or

regulation…

The in the LATE 1920s CRACKS/SLOW DOWN/ started to show in the US Economy.

There was an UNEVEN

distribution of WEALTH.

There was an UNEVEN

distribution of WEALTH.

Consumer debt, people bought everything on

CREDIT.

Consumer debt, people bought everything on

CREDIT.

Housing starts dropped year in and year out.

Housing starts dropped year in and year out.

All right guys let’s stop building.

All right guys let’s stop building.

In October of 1929 people

PANICKED and SOLD all of their

stocks.

In October of 1929 people

PANICKED and SOLD all of their

stocks.

People fearing the worst ran to their local banks to get cash…it was all gone…..people lost everything.

Herbert Hoover President when the Great Depression hits…

Passes the Hawley Smoot Tariff….IT DOES NOT WORK!!!

The American People wanted SOMEBODY to do SOMETHING!!!!

He is ranked as one of the best ever…

Single child, momma’s boy

Educated by European tutors until 14

Attended Groton boy’s school (like teddy)

Attended Harvard

Got Polio in 1921 (39 years old)

Elected Governor of NY in 1928

Does a great job of reinvigorating NY economy.

Great experience for his next gig!

Yeah, it’s a big one

Herbert Hoover

Franklin D. Roosevelt

Hey kids…here is why people HATE and mean HATE

Hoover.

Hey kids…here is why people HATE and mean HATE

Hoover.

The Bonus Army…1932

You give tax breaks to the wealthy so they have money to buy stuff that the “middle class” would make.

So what’s wrong With that?

EVERYTHING!!!!!!! YOU #@%$#@&!!!!!!!!

Why did you even Bother to show up?!!

1940 NFL championship: Bears 73, Redskins 0

1990 NCAA Men’s Basketball title game: UNLV 103, Duke 73

NHL playoff game, Edmonton pounds Los Angeles 13-3 on April 9, 1987.

Martina Navratilova versus all comers, 1983: Won 16 of 17 tournaments with a match record of 86-1.

"The Lord of the Rings: The Return of the King": Nominated for 11 Oscars in 2003, it swept all 11

FDR 432

Hoover 59

Now that FDR has been elected President he promised to “fix” the United States Economy…which may not be “fixable”…..

FDR’s program/programs to fix the economy

I may not know how to do this, but I will get some people who do.

I will call them my BRAIN TRUST

Relief, Recovery, Reform.

Roosevelt utilizes radio technology to deliver frank, honest and inspirational speeches to the common American citizen.

It is like he is Speaking directly to me

I feel better already…

FDR shuts down all the banks.

Has a commission go in and see which ones are “good” and which ones are “bad”.

The “good” ones will re-open and the bad ones will remain closed…forever.

People begin to put their money back into the system.

Insures people’s savings deposits…up to $250,000

Federal Deposit Insurance Corporation

So no more runs on the bank…and no more of this.

economic

Civilian Conservation Corps (CCC), 1933: employed young adults to perform unskilled work for the federal government

Civil Works Administration (CWA), 1933: provided temporary jobs to millions of unemployed

Works Progress Administration (WPA), 1935: a reiteration of the PWA, created useful work for skilled workers

Tennessee Valley Authority

Put people to work making dams and bringing hydro-electric power to a 9 state region

Before all of this Great Depression mess, businesses “paid” for your retirement.

But because of the G.P. a lot of business went bankrupt, leaving many who retired without any means of income or support.

SO the Federal Government sort of took that role on with The Social Security Act.

The government through taxes set aside money for people when they hit a certain age.

The “original age” was 65

Then they changed it to 66…. Now it’s 67….

It provided people with “some sort” of income. But it has been suggested that it is not a retirement plan but “social insurance”

So ya might want to planAhead…

Do you remember me?I was the solution for all your

Needs.But “some” people thoughtthat “I” was the problem.

And they decided to get “rid” of me for “good”…stupid 18th

Amendment.

But now with the G.D.people are sick of the

Violence…and they wanta way to escape the sad

aspects of the depression.So FDR and a host of others

decided to repeal prohibition!!!

Nothing like a depressant to chase the blues away

Thank you FDR…thank you for the21st Amendment!!!

Game back on!!!!This guy next to

me is creapy

I have a question about this New Deal

thing…

Schechter Poultry Corp. v. United StatesReal quick,

FDR and Congress passedthe NIRA (National Industrial Recovery Act).

It gave the President the power to regulate interstate-commerce

during the Depression.

Schechter Poultry Corp. v. United StatesI thought that was

Congress’ job?

You rememberGibbons v. Ogden?

Well, no one has asked the question yet Until Schecter gets indicted for

Violating the NIRA

Schechter Poultry Corp. v. United StatesSo what happened?

The Supreme CourtRuled the NIRA

unconstitutional because only congress can regulate

trade between the states, and not thePresident.

The court will also strike downAAA (Agricutural Adjustment Act) as wellSo what does FDR do about it?

He tries to change the rules,“sort of”.

FDR tries to change the Supreme Court.

FDR wants his NIRA and AAA

The court struck them down…

FDR proposes a bill expanding the court from 9 to 15.

FDR would appoint judges who “agree” with his policies

1937 U.S. Supreme Court

Um…man?

People “freaked” about FDR’s plan to “not play by the rules” and trying to upset the idea of checks and balances…and the idea/bill dies in congress.

FDR continued to “try” new things to get the country out of the depression.

He expanded not only the role of the President but the Federal

Government’s in the lives of its citizens in everyday life.While things were economically tough here in the U.S. they were down right awful in Europe and Asia

Hi, how are ya.

Hey!! Don’t forget about me over here!!

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