Franklin D. Roosevelt's First Fireside Tract

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March 12, 1933, Roosevelt broadcast the first "fireside chat" over the radio. He spoke about a variety of topics including the Bank Crisis. During his first year as president, Congress passed laws to protect stock and bond investors.
"I pledge you, I pledge myself, to a new deal for the American people."
Franklin D. Roosevelt
"Let me assert my firm belief that the only thing we have to fear is, fear itself — needless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance."
Roosevelt's goal was to redeem the nation from economic collapse.
Identify a government program to analyze—one where the government makes direct payments to citizens. Examples include economic stimulus checks, small business grants, farm subsidies, disaster relief, renewable …show more content…

Roosevelt
The Social Security Act
Continued...
The following slides will include answers to the questions below:
What is the history of the program?
Who benefits from this program and how?
What is the yearly cost to the American taxpayer? What is the historical cost data?
What percent of the total federal budget is spent on this program relative to other programs?
What is the impact of this program on price stability, full employment, and economic growth?
What is the potential impact beyond the direct payment recipient? (For example, a small business grant could lead to lowering the unemployment rate in a particular area.)
What are the professional opinions in support of and against the program?
FDR and The New Deal
August 19, 1935 -
The average tax costs for an employer is 6.2% and the average costs for an employee is 4.2%. Employers usually have more to give in terms of taxes because they have higher Net income,
In comparison to the other programs, 23% of the total federal budget is spent on Social Security. This is not hard to believe considering the fact that Social Security plays a huge part in the lives of the elderly and those who hae trouble fending for

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