Presentation is loading. Please wait.

Presentation is loading. Please wait.

Franklin Roosevelt  Becomes president in 1932  Campaign speech promised a “new deal for the American people.”  THREE GOALS: relief for the needy, economic.

Similar presentations


Presentation on theme: "Franklin Roosevelt  Becomes president in 1932  Campaign speech promised a “new deal for the American people.”  THREE GOALS: relief for the needy, economic."— Presentation transcript:

1

2 Franklin Roosevelt  Becomes president in 1932  Campaign speech promised a “new deal for the American people.”  THREE GOALS: relief for the needy, economic recovery, financial reform

3 Early Accomplishments (first 100 days)  Declared a bank holiday on his first day in office  Emergency Banking Relief Act – Treasury Department inspected banks  Glass-Steagall Act – Established the FDIC ($5,000)  Federal Securities Act – Established the SEC to regulate the stock market

4 Fireside Chats  Radio talks about public concerns  Explained his New Deal in plain, clear, simple language  Designed to be informal  Tried to explain the role of the average person within the American economy  Spoke as if he was talking to you face to face

5

6 AAA – Agricultural Adjustment Administration  Intent was to raise crop prices by lowering production  Government paid farmers to leave a portion of every acre unseeded  Cotton – too far advanced – government paid $200 million to plow under 10 million acres of land  6 million pigs slaughtered.

7  Agricultural Adjustment Administration poster

8 CCC – Civilian Conservation Corps  Put year old men to work building roads, developing parks, planting trees, and helping in soil-erosion and flood control projects.  3 million trained by 1932  Wage was $30/month and $25/month was sent straight home to your family

9  Civilian Conservation Corps poster

10 NIRA – National Industrial Recovery Act  Created the PWA  Provided money to states to create jobs in the construction of schools and community buildings

11 CWA – Civil Works Administration  Addressed unemployment that was not covered by the NIRA and the PWA  Immediately provided 4 million jobs during the winter of 1933/34.  Built 40,000 schools  Built 500,000 miles of roads  Paid 50,000 teachers

12 HOLC (home owners loan corp) and the FHA (federal housing administration)  Provided government loans to homeowners who faced foreclosure  Furnish loans for home repairs  The FHA is still with us today

13  Notice the eagle in the middle

14 FERA – Federal Emergency Relief Fund  $500 million to provide direct relief for the needy  Half was given to states as direct grants to help furnish food and clothing to the unemployed, aged, and ill  The rest went to support work relief programs

15 Deficit Spending  President Roosevelt agreed to spending more money than the government was receiving in revenue.  FDR believed deficit spending was a necessary evil only to be used in a time of crisis.  Keynes – and influential British economist promoted this idea

16 Deficit Spending  Millions of American benefitted  Public confidence rebounded  DEFICIT SPENDING – the government spends more than it receives in revenue  LIBERALS – the New Deal is too small  CONSERVATIVES – spending too much and creating socialism

17

18 THE SECOND NEW DEAL  FDR called on congress to provide more extensive relief for both farmers and workers  Eleanor had deep humanitarian impulses and also influenced him  Reelected in 1936

19 WPA (works progress admin)  Spent $11 billion dollars to create 8 millions jobs for mostly unskilled workers.  Built 850 airports  Constructed or repaired 651,000 miles of road  Erected 125,000 public buildings  Women sewed 300 million garments for the needy

20

21 NYA (National Youth Admin.)  Created specifically to provide jobs, education, counseling, and recreation for young people.  Provided student aid to high school, college and graduate students  In exchange students worked part time at their schools

22 NYA Journalism Students

23 NYA Auto mechanics

24

25

26

27 CRITICS  Huey Long is considered to be the most serious critic  Senator from Louisiana who was running for president  “Share-Our-Wealth” clubs  1935 – 27,000 S.O.W clubs with 7.5 million members  Long was assassinated by a lone gunman

28 Lasting Effects  Reformed banking and finance  Government takes a more active role in the economy  Workers benefit from labor standards  Social security provides for the needy  Conservation efforts preserve the environment

29 Success!


Download ppt "Franklin Roosevelt  Becomes president in 1932  Campaign speech promised a “new deal for the American people.”  THREE GOALS: relief for the needy, economic."

Similar presentations


Ads by Google