Chapter 19 Section 1 The rise of FDR. Franklin Roosevelt Grew up rich in New York College: Harvard Lawyer; Politician.

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Presentation transcript:

Chapter 19 Section 1 The rise of FDR

Franklin Roosevelt Grew up rich in New York College: Harvard Lawyer; Politician

Liked outdoors: hunting, sailing, riding 1921 (42 years old) caught polio Paralyzing disease Could walk with braces with help

Eleanor Roosevelt FDR’s wife Kept his name popular while FDR was recovering from polio Most powerful 1 st lady of all time Worked to help poor, women minorities

Election of 1932 FDR (d) vs. Hoover (r) FDR extremely optimistic Promises a “new deal” for the public, wins in landslide

“Trickle Down” Vs. “Pump Priming” 2 Philosophies of Government Stimulation

FDR’s Pump Priming New Profits ↑ New Jobs ↑ Plant Expansion ↑ New Investment ↑ Increased Demand ↑ New Money in Circulation ↑ Relief Payments & Temporary Jobs on Gov’t Projects

Relief, Recovery, and Reform The New Deal’s 3 R’s

Relief Bank Holiday: Close every bank temporarily, have gov’t inspect banks to make sure they were good CCC: Gave nature jobs to men 18 – 25 FERA: Give money to states and towns to build public works WPA: built public works (roads, parks, airports etc…

Recovery AAA: pay farmers not to grow crops NIRA: Set minimum wages, shortened hours, made unions legal HOLC: bought home mortgages, allowed a cheaper payment TVA: built dams, spread electricity to the Tennessee Valley Region

Reform SEC: regulate stock market, prevent fraud FDIC: insurance for money in bank up to $100,000 Social Security: provide benefits to retired, disabled people NLRB: Allows workers to join unions