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 PowerPoint PPT Presentation


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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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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

Instructions:1.Grab a computer2.Log on3.Close the lidORUse your own device


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?


Great depression recovery part 2

Great Depression Recovery: Part 2


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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