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Explore FDR's election in 1932, New Deal policies, including CCC and Social Security, and the impact on economy and society. Learn about FDR's challenges and successes in overcoming the Great Depression.
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Ch. 22 The New Deal
-FDR elected -Democrat, reformist Election of 1932
-promised relief -more public works programs Fdr’s strategy
-cheerful, optimistic, -overcame his own disability -very effective orator fireside chats FDR as a person
-FDR’s cousin!! -very helpful to FDR -FDR valued her insight -”My Day” Eleanor Roosevelt
-banking system -”bank holiday” -Emergency Banking Act -first fireside chat Fixing banks
-Glass-Steagall Act -FDIC -within 1 month, $1 billion in deposits reenter the banking system More banking reforms
-Roosevelt’s first one hundred days in office -passes 15 major pieces of legislation -aimed at fixing the economy; New Deal The Hundred Days
FDR’s plan to provide: 1.) relief for people 2.) recovery of the economy 3.) reforms that would prevent economic crises in the future FDR’s New Deal
-CCC -Federal Securities Act -AAA -SEC -subsidy -NIRA -TVA -PWA-p.706-707 NEW deal legislation
-Civil Works Administration After the Hundred Days
-most Americans happy with New Deal programs -too much gov’t involvement? -some say President too powerful -too radical/not radical enough -old people?? -Supreme Court Cases Effects/ Resistance to The New Deal
-Election of 1936- FDR wins again -Democrats hold ¾ of seats in Congress -Congress passes laws extending government oversight of the banking industry; raises taxes on the wealthy -WPA second New Deal
-pensions for people 65 & older -old people didn’t have to worry about hunger/$$ -unemployment insurance -did exclude some workers Social Security
-American Federation of Labor (AFL) -Committee for Industrial Organization (CIO) -GM sit-down strike Labor
-asks MI for help -shuts off power/water -police to block food supplies -we give up! GM’s response
-FDR mad that courts had reversed some New Deal plans -asks Congress to reorganize the courts -give the President the power to expand/appoint justices FDR messes with the judges
-Economy still in trouble -Fall 1937- another sharp drop in the Stock Market, jobs lost -FDR has to break with his dream of cutting the deficit -John Maynard Keynes- -1938-economy a little better FDR has to spend $$