1. FDR Gives America a New Deal  Objective : I can comprehend how FDR used the New Deal to significantly change the nation’s economic system.  Preview : Midterm Review: Unit 3.  Process : Election of Roosevelt.  On Your Own : Finish Review book.  Objective : I can comprehend how FDR used the New Deal to significantly change the nation’s economic system.  Preview : Midterm Review: Unit 3.  Process : Election of Roosevelt.  On Your Own : Finish Review book.

2. Election of 1932  Republicans stick with Hoover—he was convinced he had the solutions to America’s problems.  Democrats pick Franklin Delano Roosevelt—he had been the vice presidential pick back in 1920 for James Cox.  Economy was the campaigns focus.  Roosevelt promises America a “New Deal”  Democrats greatest victory since the Civil War  Republicans stick with Hoover—he was convinced he had the solutions to America’s problems.  Democrats pick Franklin Delano Roosevelt—he had been the vice presidential pick back in 1920 for James Cox.  Economy was the campaigns focus.  Roosevelt promises America a “New Deal”  Democrats greatest victory since the Civil War

3.  Americans had to now wait until March for FDR to take office.  Passed by the government under Hoover, the 20 th Amendment moved presidential inaugurations to January…but didn’t apply to the 1932 election because the states didn’t approve it until February 1933.  Americans had to now wait until March for FDR to take office.  Passed by the government under Hoover, the 20 th Amendment moved presidential inaugurations to January…but didn’t apply to the 1932 election because the states didn’t approve it until February 1933.

4.  FDR wasted no time, got together professors, lawyers, and journalists, all hand picked.  Called “The Brain Trust”  Began to formulate a set of policies for his new administration.  Their plan became known as the New Deal.  Focused on three goals: relief for the needy, economic recovery, and financial reform.

5. The Three R’s Relief  Give out immediate help to the poor in forms of jobs and money. Relief  Give out immediate help to the poor in forms of jobs and money. Reform  Focused mostly on banking and financial parts of the economy, to prevent another Depression from occurring. Recovery Initiate many programs geared toward long-term relief by providing long-term jobs and improve the national infrastructure (buildings, roads, and power supplies)

6.  Actually 105, but still.  On taking office, FDR launched a period of intense government activity.  Congress passed 15 pieces of New Deal legislation.  These laws, and the ones that followed, expanding the federal government’s role in the nation’s economy.

7.  One day into office, FDR declared a bank holiday and closed all banks to prevent people from withdrawing any more money.  Emergency Banking Relief Act: authorized the Treasury Department to inspect the banks, those that were financially okay, could reopen immediately.  Those that were unable to pay their debts would remain closed.  Those that needed help, could receive loans.  Revived confidence in the banks.

8. Fireside Chats  Radio talks about issues of public concern.  Explained in plain, simple language his New Deal plans.  Explained how banks work (investing/loaning $ deposited).  Over the next few weeks people returned their money to their bank accounts.

9. Regulating the Banks  Glass-Steagall Act : established the Federal Deposit Insurance Corporation (FDIC)  Basically insured up to $5,000 per individual bank account.