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The New Deal

The New Deal. FDR’s New Deal. Sweeps elections; 23M to 16M Senate Dems take 2/3 majority House—3/4 seats. “Brain Trust” forms New Deal GOALS: Relief for needy Economic recovery Financial reform. The First 100 Days. March through June, 1933 15 key pieces of New Deal Legislation

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The New Deal

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  1. The New Deal

  2. FDR’s New Deal • Sweeps elections; 23M to 16M • Senate Dems take 2/3 majority • House—3/4 seats • “Brain Trust” forms New Deal • GOALS: • Relief for needy • Economic recovery • Financial reform The First 100 Days • March through June, 1933 • 15 key pieces of New Deal Legislation • Inspire confidence in US economic system • Fireside Chats • Reform economy, especially banking and agriculture

  3. The First 100 Days • Banking Industry • Establishes bank holiday—Emergency Banking Relief Act • Glass-Steagall Act and the FDIC • Federal Securities Act • Securities Exchange Commission • 21st Amendment repeals Prohibition • Agriculture • Agricultural Adjustment Act • Tennessee Valley Authority • Federal Securities Act • Civilian Conservation Corps • Work Projects and Civilian Relief • National Industrial Recovery Act—Public Works Administration • Civil Works Administration • Federal Securities Act • Securities Exchange Commission • 21st Amendment repeals Prohibition • Home Owners Loan Corp.; National Housing Act—Federal Housing Administration • Federal Emergency Relief Administration

  4. The Second 100 Days • 1936 elections = vote of confidence • Gains support of Labor and African-Americans • Agriculture • AAA evolves—Soil Conservation and Domestic Allotment Act • 1938: Second AAA • Farm Security Administration: tenant farmers • Work Projects Administration • 1935-1943: $11B on jobs for 8M • Federal Arts Project • Combines necessary infrastructure with dignity of work

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