Why did not launch a Third New Deal? What was the economic

Report
By:
Allison Cohen
Amber Hsu
Jake Perez
Sruthi Pichika
• Planned to launch Third New Deal to
build on achievements
•FDR not in favor of deficit spending
o spending more $ than government
receives in revenue
o Resulted in never launching third
reform era
• 1937-Industrial production and unemployment
improved
• Pressured by Congress to scale back New Deal
programs
o Economic problems still occurring
o Resulted in…
 decrease in industrial production
 unemployment rising from 7 to 11 million
from 1937 to 1938
• Conservatives
• thought FDR’s policies made government too large
and powerful
• government stifled free enterprise and individual
initiative
• Liberals
• argued FDR didn’t socialize economy enough
• refused to eliminate social and economic
inequalities
Supporters thought…
• FDR struck balance between two
extremes
o unregulated capitalism
o overregulated socialism
• Helped country to recover from
economic difficulties
Deficit Spending:
Spending more money than government
receives in revenue
New Deal:
Policies focused on relief for the needy,
economic recovery, and financial reform
FDR:
Franklin Delano Roosevelt, proposed the New
Deal program
SUPPORTERS
• Successful
• Created more jobs
• Temporary solution
to a crisis
• Transformed the way
American
government works
CRITICS
• Failed to reach its
goals
• Goals of New Deal
never met
• More problems
created than solved
• Failed to extend
equality, raise
impoverished,
redistribute income
liberals and conservatives
unemployment rose &&
industrial production dropped

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