instructions 1 grab a computer 2 log on 3 close the lid or use your own device
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Instructions: 1.Grab a computer 2.Log on 3.Close the lid OR Use your own device. In the land of make-believe…. Retirement benefits (pensions, 401Ks, Social Security) don’t exist How would this impact people’s lives? How would they have to live differently?. Great Depression Recovery: Part 2.

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Presentation Transcript
in the land of make believe
In the land of make-believe….
  • Retirement benefits (pensions, 401Ks, Social Security) don’t exist
    • How would this impact people’s lives?
    • How would they have to live differently?
2 nd new deal
2nd New Deal
  • After 2 years, FDR’s 1st New Deal had only slightly improved the economic situation
  • FDR created more laws to continue boosting the economy (known as the 2nd New Deal)
    • More work programs
    • Financial assistance programs
      • The biggest of them all….
social security
Social Security
  • Provide financial security for people who need help the most:
    • Elderly (pensions for retired people)
    • Unemployed (Unemployment checks)
    • Disabled people
    • Poor families
  • Funded by taxes taken out of wages
    • Shows up as “FICA” on your paystub
      • Federal Insurance Contributions Act tax
impact of the new deal plans
Impact of the New Deal Plans
  • New & larger govt. presence in daily lives
    • Government spending
    • Social Security
      • Retirement pension
      • Unemployment benefits
      • Disabled benefits
quick review
Quick Review
  • What was the purpose of the 2nd New Deal?
  • Why was Social Security created?

To continue helping the economy improve

Provide financial security for elderly, poor, unemployed, and disabled

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