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23.1 Forging a New Deal

23.1 Forging a New Deal. Restoring a Nations Hope. Roosevelt’s election prompted the 20 th Amendment “lame-duck amendment”-President would now be sworn in on Jan. 20 instead of March. A second Bonus March was staged on Washington.

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23.1 Forging a New Deal

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  1. 23.1 Forging a New Deal

  2. Restoring a Nations Hope • Roosevelt’s election prompted the 20th Amendment “lame-duck amendment”-President would now be sworn in on Jan. 20 instead of March. • A second Bonus March was staged on Washington.

  3. This time campsites were provided for veterans and Eleanor even went to visit them- different from Hoover. • FDR comforted the nation through his “Fireside Chats.” • He was much more reassuring than Hoover

  4. First 100 Days • FDR based some of the programs on work of agencies that controlled the economy through WWI. • First he had to restore public confidence in the nation’s banks. • March 5, 1933 ordered a “bank holiday” for four days.

  5. Congress then passed the Glass-Steagall Banking Act which created the FDIC. • More people would now put money back in banks, banks could then start loaning again. • Securities and Exchange Commission regulated the stock market-prevent another crash.

  6. FDR then devalued currency (took off gold standard) to promote export trade. • Harry Hopkins directed the Federal Emergency Relief Administration-helped state relief agencies. • Civil Works Administration-put unemployed to work on building projects.

  7. Civilian Conservation Corps-FDR’s favorite program employed young men to work in the outdoors. • FDR also tried to help Native Americans-Indian Reorganization Act- ended sale of tribal lands. • Harold Ickes directed the Public Works Administration built dams and bridges.

  8. Agricultural Adjustment Administration helped farmers by paying them not to plant so much. • Raised farm prices. • Tennessee Valley Authority-provided electricity to the poorest area of the country.

  9. Key Players of New Deal

  10. Raymond Moley, Adolf A. Berle, and Rexford G. Tugwell- “brain trust.” • FDR appointed first woman cabinet member-Frances Perkins-Secretary of Labor. • Hired African Americans to key posts as well-Mary McLeod Bethune-advised FDR on programs that aided African Americans.

  11. Second New Deal • Many felt the New Deal gave too much power to the govt. • 1935 FDR launched the Second New Deal, involved more social welfare. • Works Progress Administration improved schools, playgrounds, etc.

  12. By 1930’s only 10% of rural Americans had electricity. • Rural Electrification Administration brought that number to 25% in 4 years. • More electricity more demand for consumer electric products, more employments etc..

  13. Social Security • Old-Age pensions 65 or older • Unemployment insurance • Aid for dependent children, blind, and disabled.

  14. 1936 Election • Beat Republican Kansas Governor Alfred Landon in landslide. • Carried every state but Maine and Vermont.

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