What comparison are they making about Obama and Why? Do you feel confident in the new leadership?
What challenges does President Elect Obama face that are similar to FDR?
PROMPT • How did the New Deal Respond to the problems of the depression and change the role of the federal government?
Prompt • What is the goal of Social Security? Should it continue?
PROMPT • What New Deal legislation do you feel was the most important and why?
What comparison are they making about Obama and Why? Is it a positive one or negative?
Franklin D. Roosevelt • New Deal • Election of 1932 • New President New Ideas
Franklin D. Roosevelt • PHASE ONE • First 100 days • Depression hit hard
Franklin D. Roosevelt • March 1933 and June 1933 • Legislation • 3 basic categories of Legislation
Relief • Reform • Recovery
Franklin D. Roosevelt • First 100 days • Banking Holiday for 1 week • Encourage people to use banks
Franklin D. Roosevelt • First order of business • “Bank holiday” closed all banks • Federal inspectors examined all banks
Franklin D. Roosevelt • Glass-Stegal banking act • Established Federal Deposit Insurance Corporation (FDIC) • Insured accounts up to 2,500 dollars
Franklin D. Roosevelt • Those deemed solvent reopened • Two thirds reopened • Restored confidence in banking industry
Relief Programs • Civilian Conservation Corp • Federal Emergency Relief Act • Civil Works Administration
Relief • Civilian Conservation Corps • (CCC) 1933 put young men to work
Ages between 18-28 • Forest and parks • Popular of all New Deal • Temporary employment about 1 year • Lasted until 1934
Relief • Federal Emergency Relief Act (FERA) • Loans to states to create programs to reduce unemployment
2. Federal Emergency & Relief Administration (FERA): • direct relief ($, clothes) to people FERA distributes clothing in Tennessee
RELIEF • Civil Works Administration (CWA) was only a year • Temporary program • Get people back to work • Winter 1934 • Paid high wages
The CWA's four million workers laid 12 million feet of sewer pipe and built or improved 255,000 miles of roads, 40,000 schools, 3,700 playgrounds, and nearly 1,000 airports (not to mention 250,000 outhouses still badly needed in rural America
Relief • Created Public Works Administration (PWA) • Building projects including dams and buildings • Not as successful business did not trust government
National Industrial Recovery Act in June 1933 established the PWA • The PWA spent over $6 billion
PWA • Between July 1933 and March 1939 the PWA funded and administered the construction of more than 34,000 projects including airports, large electricity-generating dams, major warships for the Navy, and bridges, as well as 70% of the new schools and one-third of the hospitals built between 1933–1939.
Lasting PWA projects • Camp David
FCA • Farm Credit Association : • Helped 40% of farms that were mortgaged by providing low interest loans through a Federal Land Bank for 50 year terms
RECOVERY WPA NIRA AAA FHA
FHA • Federal Housing Authority • FHA • Home loans at discounted rates • Increased home ownership to low and middle class
3. Works Progress Administration (WPA): • gave jobs building public buildings and roads • also hired artists & writers WPA workers creating a flood Control dike in Arkansas
Works Project Administration • Worked on smaller projects than the PWA • Hired unskilled labor and those on relief • Built things like sewers, city halls etc.
3. Agricultural Adjustment Act (AAA) • farmers paid to NOT grow crops Texas farmers receive AAA check
Increase farm income by reducing crop growing • Paid farmers not to grow crops • Tax on food processors paid the shortfall
By 1935 farm income raised by 50 percent • However some small and tenant farmers were forced off land