Very
Highon
During the
1920s
Bull
Market
And
no more
Trust
the USA economy
demand
for
Street.
Busting orWall
BOOMED!!!
stuff!!!
regulation…
The in the LATE 1920s
CRACKS/SLOW
DOWN/
started
to
Housing
starts
dropped
There was an
Consumer
debt,
in and
year
out.
UNEVEN
show year
in
the
US
Economy.
people bought
All right guys let’s
distribution
everything on
stop building.
of WEALTH.
CREDIT.
People fearing the worst ran to
In October of
their
local banks to get cash…it
1929 people
PANICKED and
wasallall
gone…..people lost
SOLD
of their
stocks.
everything.
Passes
Hawley Smoot
Herbertthe
Hoover
Tariff….IT
DOES
NOT
President when
the Great
WORK!!!
Depression hits…
The American People
wanted SOMEBODY to
do SOMETHING!!!!
He is ranked as
one of the best
ever…
Single child, momma’s boy
Attended
Educated by European tutors Harvard
until 14
Got Polio in 1921
Attended Groton boy’s
(39 years old)
school (like teddy)
Elected Governor of NY in 1928
Does a great job of reinvigorating NY
economy.
Great experience for his next gig!
Hey kids…here is
why people HATE
and mean HATE
Hoover.
Yeah, it’s a big one
Franklin D. Roosevelt
Herbert
Hoover
The Bonus Army…1932
You give tax breaks to the
wealthy so they have
EVERYTHING!!!!!!!
money to buy stuff thatYOU
the “middle
class” wouldSo what’s wrong
#@%$#@&!!!!!!!!
With that?
make.
Why did you even
Bother to show up?!!
1940 NFL championship: Bears 73, Redskins 0
1990
NCAA
title game:
"The
Lord
of theMen’s
Rings:Basketball
The
UNLV
103,King":
Duke Nominated
73
Return
of the
for 11 Oscars in 2003, it swept all
11
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.
FDR 432
Hoover 59
Now that FDR has been elected President he promised to
“fix” the United States Economy…which may not be
“fixable”…..
I will call them my
BRAIN TRUST
I may not know how to do this,
FDR’s
program/programs
but I will get some people
who
do.
to fix the economy
Relief, Recovery,
Reform.
It is like he is
Speaking directly to me
I feel better already…
Roosevelt utilizes radio
technology to deliver frank,
honest and inspirational
speeches to the common
American citizen.
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.
Federal Deposit Insurance Corporation
Insures people’s savings
deposits…up to $250,000
So no more runs on the
bank…and no more of
this.
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
Put people to work
making dams and
bringing hydro-electric
power to a 9 state region
Tennessee Valley Authority
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.
The government
So ya might want to plan
through taxes set aside
Ahead…
money for people when
they hit a certain age.
It provided people with “some sort” of income. But it has been
SO suggested
the Federalthat
Government
sort
it is not a retirement
plan but “social insurance”
The “original
of took that role on with The
Social Security Act.
age” was 65
Then they changed it to 66….
Now it’s 67….
you
remember
AndDo
they
decided
to getme?
“rid” of
I was
the“good”…stupid
solution for all your
me for
18th
But “some”
people thought
Needs.
Amendment.
that “I” was the problem.
But now with the G.D.
people are sick of the
Violence…and they want
likesad
a depressant
a way So
toNothing
escape
the
FDR and a host of others
to
the blues away
aspectsdecided
of thechase
depression.
to repeal prohibition!!!
This guy next to
me is creapy
Game back on!!!!
Thank you FDR…thank you for the
21st Amendment!!!
I have a question about
this New Deal
thing…
Schechter Poultry
Corp.
v.the
United
It gave
President
power toStates
FDRthe
and
Congress
passed
quick,
regulate
interstate-commerce
theReal
NIRA
(National Industrial Recovery Act).
during the Depression.
You
remember
Well, no one
has
asked
the
I thought
that
wasquestion yet
Gibbons
v.
Ogden?
Schechter Poultry
Corp.
v.indicted
United
Until Schecter
gets
for States
Congress’
job?
Violating the NIRA
The Supreme Court
Ruled the NIRA
The unconstitutional
court will also strike
down
because
only
(Agricutural
Adjustment
Act) as
well
So whatAAA
does
FDR v.
do
about
it?
congress
can
regulate
Schechter Poultry
Corp.
United
States
Sobetween
what happened?
trade
the states, and not the
He tries to change the rules,
President.
“sort of”.
FDR tries to change the Supreme Court.
FDR wants his NIRA and AAA
FDR would appoint
judges
“agree”
The
courtwho
struck
them with
his policies
down…
People “freaked” about FDR’s
plan to “not play by the rules”
and trying
to upset the idea of
Um…man?
checks and balances…and the
idea/bill dies in congress.
FDR proposes a bill expanding the
court from 9 to 15.
1937 U.S. Supreme Court
continued
to “try”
newof
things
to get thebut
country
out of the
HeFDR
expanded
not only
the role
the President
the Federal
depression.
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!!