FDR’s New Deal

1. FDR’s New Deal

2. Essential Question • What programs were implemented as part of FDR’s New Deal?

3. Who is Franklin Roosevelt ? • Distant relative of Teddy Roosevelt • Disabled from Polio as a young politician • Became governor of NY in 1929 • 1932 campaign promised public works programs • Won 57% of popular vote and electoral votes in all but six states • Became 32nd president

4. Who is Franklin Roosevelt? • Known for his fireside chats • Ideological philosophy: liberal that believed in gov’t intervention to help alleviate suffering • Power team: wife Eleanor Roosevelt

5. Roosevelt Helps the Banks • Roosevelt declared a bank holiday • Pushed through Emergency Banking Act – gave gov’t the power to review stability of banks • FDR boosts public confidence in banks again • Glass Steagall Act created the Federal Deposit Insurance Corporation (FDIC) – gov’t insurance for deposits

6. First Hundred Days of the New Deal • Response to banking crisis became part of his first hundred days • The First Hundred Days is FDR’s first 100 days in office in which he implemented parts of his New Deal program • New Deal Priorities • Relief for suffering • Recovery of the economy • Reforms to prevent future crisis

7. Alphabet Soup • Long list of programs which aimed to ease the GD through R, R, and R. • Examples: CCC, WPA, AAA, TVA, PWA, SSA, etc.

8. Civilian Conservation Corps (CCC) • Passed March 1933 • Put men age 18-25 back to work • Conservation projects like planting trees, improving parks • Lived in army style camps • Sent most of their money back to their families

9. Agricultural Adjustment Act (AAA) • Government gives $ to farmers to decrease supply

10. National Industrial Recovery Act (NIRA) • Gov’t mandates businesses in the same industry set prices and levels of production • NRA encourages minimum wage, maximum work weeks

11. Federal Securities Act • Companies must share financial information with public • Help investors make wise decisions • Securities and Exchange Commission (SEC) to watch stock market

12. Talk to your neighbor: What programs were implemented as part of FDR’s New Deal?

13. Tennessee Valley Authority (TVA) • Built dams along the Tennessee River • Dams controlled floods, aided navigation and shipping along the river and provided hydroelectric power

14. Civil Works Administration (CWA) • Gov’t funded program to build roads, parks, airports, sewage lines and dams • This put millions of Americans to work

15. Second New Deal • WPA or Works Progress Administration • Built roads, subways, airports, zoos • Worked in offices, schools, museums, factories • Recorded oral histories • Funded efforts of artists, writers, composers, actors • At its peak employed 3.4 million

16. Social Security Act • Regular payments for people 65 and older FDR signing the Social Security Act

17. Rural Electrification Act (REA) • Gov’t loaned money to groups trying to bring electricity to rural areas

18. Talk to your neighbor: What programs were implemented as part of FDR’s New Deal?

19. FDR Reelected by Landside in 1936 • Courts beginning to strike down parts of New Deal as unconstitutional but FDR still popular • Unemployment still high but cut in ½ • Corporate earnings steadily climbing • Significant election: shift in Af-Am voters

20. The Troubled Court Packing Plan • FDR was frustrated courts had stuck down several New Deal Programs • Told the Congress of his plan to appoint new judges and expand the supreme court to make it more efficient • Most people saw this as an attempt to “pack the court” and ruin the balance of the Separation of Powers • Fortunately for FDR, Supreme Court began ruling in favor of New Deal programs

24. Don’t forget your summary!