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W3/7/12; H3/24/05 ; H3/16/06; M3/12/07; F3/14/08; W3/11/09; H3/11/10; T3/15/11

W3/7/12; H3/24/05 ; H3/16/06; M3/12/07; F3/14/08; W3/11/09; H3/11/10; T3/15/11. FDR’s Hundred Days ( Ch. 25.2; pp. 714-721 ). I. FDR Overview. A. Personal wealthy background young FDR polio – semi-paralyzed FDR's wheelchair FDR with cane FDR leaning. I. FDR Overview (cont.).

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W3/7/12; H3/24/05 ; H3/16/06; M3/12/07; F3/14/08; W3/11/09; H3/11/10; T3/15/11

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  1. W3/7/12; H3/24/05; H3/16/06; M3/12/07; F3/14/08; W3/11/09; H3/11/10; T3/15/11 FDR’s Hundred Days (Ch. 25.2; pp. 714-721)

  2. I. FDR Overview A. Personal • wealthy background • young FDR • polio – semi-paralyzed • FDR's wheelchair • FDR with cane • FDR leaning

  3. I. FDR Overview (cont.) B. Political • NY Dem - populist • fireside chats • radio • confident, experimental, populist • “only thing to fear…” • “Happy Days Are Here Again”

  4. I. FDR Overview (cont.) C. Advisors 1. Brain Trust • professors • Rex Tugwell • Adolph Berle • often supported conflicting ideas • played favorites off each other • wanted broad range of opinions • often fluctuated in approach

  5. I. FDR Overview (cont.) C. Advisors(cont.) 2. Eleanor Roosevelt • active First Lady • distant cousin • heavily influenced FDR • social conscience • African-Americans • Women • mistress: Lorena Hickock (Eleanor) • mistress: Lucy Mercer (FDR)

  6. I. FDR Overview (cont.) C. Advisors (cont.) • 3. Other Advisors • Frances Perkins • 1stwoman in cabinet (Labor) • Harold Ickes (Interior & PWA) • Henry A. Wallace (Agric.) • Henry Morgentheau, Jr. (Treasury) • James A. Farley (Postmaster & campaign manager) • Harry Hopkins (FERA) • Hugh Johnson (NRA)

  7. II. New Deal • built off: • Progressives • WWI • Hoover • 100 Days (March-June 1933) – initial leg. • 3-pronged attack: • money (banks) • industrial recovery • agricultural recovery • 3 R’s – Relief, Recovery, Reform

  8. II. New Deal(cont.) • Money/Banks • [* = indicates part of 100 Days] 1. *Emergency Banking Act • response to bank runs • closed banks – “bank holiday” • determine solvency • re-opened credible banks • fixed other banks 2. *HOLC (Home Owners Loan Corporation) • part of Home Owners’ Refinancing Act • $2B refinance mortgages

  9. II. New Deal(cont.) A. Money/Banks (cont.) • 3. FHA – Federal Housing Admin (1934)- part of National Housing Act • 4. *FCA (Farm Credit Admin) • - rural refinancing • 5. *FDIC • - insures accounts ($2,500) • - prevent future bank runs • - part of *Banking Act of 1933

  10. II. New Deal (cont.) B. Industrial Recovery • 1. *NIRA • 2 parts NRA & PWA • 1a. NRA • Hugh Johnson • regulate business • complex rules • 1b. PWA • unemployed young men • public structures (more later w/ WPA)

  11. II. New Deal (cont.) B. Industrial Recovery (cont.) • 2. *CCC • - outdoor work - parks • - part of *Unemployment Relief Act

  12. II. New Deal (cont.) C. Agricultural Recovery • 1. *AAA • destroyed crops, livestock • raise prices • 2. *TVA • electric power for rural poor • dams – prevent flooding • interstate power – 7 states total • “unfair competition”

  13. II. New Deal (cont.) D. Unemployment • *FERA • Harry Hopkins • indirect relief – states, cities • $500M • *CCC • *PWA (part of NIRA) • CWA (Nov. 1933) • WPA (2nd ND - 1935) • part of Emergency Relief Appropriations Act

  14. III. New Deal Policy • socialism vs. laissez-faire capitalism • Where does the ND fit? • Keynesian theory • John Maynard Keynes – economist • Keynes • government role in economy • deficit spending • “prime the pump” • FDR’s effectiveness?

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