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Objectives 13.1

Objectives 13.1. Analyze the impact of Franklin D. Roosevelt had on the American people after becoming President Describe the programs that were apart of the first New Deal and their immediate impact Identify critical responses to the New Deal. 1932 Election.

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Objectives 13.1

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  1. Objectives 13.1 • Analyze the impact of Franklin D. Roosevelt had on the American people after becoming President • Describe the programs that were apart of the first New Deal and their immediate impact • Identify critical responses to the New Deal

  2. 1932 Election • Franklin Delano Roosevelt (FDR)=New Deal (gov. intervention) • Hoover=leave to local and state gov. and private agencies • FDR’s wife’s -Eleanor Roosevelt

  3. FDR Restores Nation’s Confidence • “Brain Trust” helped create New Deal • New Deal program…3 goals • Relief, recovery, reform • FDR used the radio to communicate with people • Called “Fireside” chats

  4. Reforming the Financial System • Emergency Banking Bill • 4 day “bank holiday” • Get accounts in order • FDR urged Americans to return their money to banks • By the end of March, 1933, $1 Billion was returned to banks in the form of deposits • Congress created the FDIC (Federal Deposit Insurance Corporation) to insure accounts up to $5,000 • SEC (Securities and Exchange Commission) regulates stocks

  5. New Deal Programs (Alphabet Soup) 1st 100 Days of FDR’s Presidency!

  6. Helping Farmers • Agricultural Adjustment Administration (AAA) • End overproduction and raise crop prices • Gov. provided financial aid to not plant part of their land and to kill off excessive livestock • By 1934, farm prices began to rise

  7. Aid to Rural Southerners • Tennessee Valley Authority (TVA) • built new dams in Tennessee River Valley • Replanted forests, built fertilizer plants, created jobs

  8. Industrial Recovery • Civilian Conservation Corps (CCC) • Helped 2 million 18-25 year old men • Planted trees & created parks

  9. More Relief Acts… • Federal Emergency Relief Administration (FERA) • Granted federal funds to state and local agencies to help the unemployed • Civil Works Administration (CWA) • Short-lived • Jobs on public-works projects • Home Owners Loan Corp. (HOLC) • low interest rate home loans to people who couldn’t pay mortgage

  10. National Industrial Recovery Act (NIRA) • Developed codes of fair competition to govern whole industries • National Recovery Administration (NRA) • Regulated production, wages, and prices • PWA-Public Works Administration -Built bridges, dams, power plants, and gov. buildings

  11. Opposition & Critics of the New Deal • Right- New Deal too powerful • Left-Not enough! • Populist- Challenge FDR • Francis Townsend - Wanted gov’t to grant a pension of $200/ month to every American over 60 years old • Charles Coughlin – FDR not doing enough. Calls for nationalization of industry. • Huey Long - Proposed “Share Our Wealth” program • Tax the rich and give to the poor • Eventually was assassinated

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