Franklin Delano Roosevelt32nd President
March 4, 1933 – April 12, 1945
1932 Elections
What is the mood of the people of the United States?
1932 Election Results
1933 Inauguration
“We have nothing to fear but fear itself”
John Maynard Keynes• British economist
• Worked with British government to address Depression in Great Britain
• Radical ideas regarding role of government in economy
Keynesian Economic Theory • A circular flow of money: when spending increases in an
economy, earnings also increase, which can lead to even more spending and earnings
• “Prime the pump”: Keynes argued that government should step in to increase spending, either by increasing the money supply or by actually buying things itself
• Against the practice of too much saving and not enough consumption, or spending, in an economy
“The Engine which drives Enterprise is not Thrift, but Profit” - JMK
Thrift leads to collapse of economy
Reading Activity
• Predatory Reading!– Read topic sentences and last sentence in
paragraphs– Search for key words
• Two Readings from 1932: – FDR Speech and JMK Article
Key Words
• Government
• Business
• Gold Standard
• Debt
“First 100 Days”What did he accomplish?
Eleanor Roosevelt
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