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The New Deal

The New Deal

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The New Deal

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Presentation Transcript

  1. The New Deal "I pledge you, I pledge myself to a new deal for the American people."

  2. What if… • Zangara was put to death in the electric chair on March 20, 1933. After swearing at the witnesses because no cameramen were there to take photographs, he said "Push the button. Go on and push the button." "I decide to kill him and make him suffer. I want to make it 50-50. Since my stomach hurt I want to make even with capitalists by kill the President. My stomach hurt long time."

  3. Franklin Delano Roosevelt 1882-1945 • Wealthy NY family • Politically suave & conciliatory • Premier orator of his generation

  4. FDR • Strong, confident personality • Well educated • Well traveled • Polio – 1921

  5. FDR Loved or hated – no middle ground “That man!”

  6. FDR • Active government • Big government • Strong federal government • Strong executive branch – • President would set the agenda

  7. New Deal Policies • 3 Goals • Relief for the needy • Economic recovery • Financial Reform • First 100 Days (3/9 to 6/9 1933) • More legislation passed than ever before

  8. Finance Reform • Bank Holiday • Emergency Banking Relief Act March 9, 1933 • Divided banks by “soundness” • Supported it with a “fireside chat” • Glass-Steagall Banking Act (1933) • Est. FDIC

  9. Finance Reform • Glass-Steagall Banking Act (1933) • Est. FDIC • Federal Securities Act (May 33) • Required financial disclosures • Security and Exchange Act (34) • Est. Securities and Exchange Commission

  10. Relief • Agricultural Adjustment Act (AAA) • Reduce supply • Civilian Conservation Corps (CCC) • Federal Emergency Relief Admin. • State and federal program

  11. Relief • Public Works Admin (PWA) • Public projects • Civil Works Admin (CWA) • Public works projects

  12. National Industrial Recovery Act (NIRA) • Codes of fair competition • Right to unionize and collective bargaining • Will be ruled unconstitutional

  13. Eleanor Roosevelt • FDR’s eyes and ears • Often pushed him to do more