FDR’S NEW DEAL Sec. 25-2 Pages 729-734 Describe FDR’s political career – road to White House Define/Identify: Brain Trust –Hundred Days – Emergency Banking Relief Act – fireside chats – subsidy - New Deal Programs – CCC-TVA-AAA-FERA- NRA-PWA-FDIC

ELECTION OF 1932 Republican – Herbert Hoover Democrat – Franklin Delano Roosevelt former NY state Senator – Asst. Sec. of Navy- NY Gov. Related to Pres. Grant, Zachary Taylor, T. Roosevelt and Brit. Prime Minister Winston Churchill Stricken with polio in 1921 – wife, Eleanor, will help him rehabilitate-get back into politics

NEW DEAL Promised “New Deal” (series of laws/ programs to pull out of the Depression) for Americans. Inaugural speech - “The only thing we have to fear is fear itself”. Relied on Brain Trust – advisors (lawyers, economists, social workers) to help develop relief programs – help nation recover Fireside chats – radio talks to Americans on what president/Congress will do

Hundred Days March 9 – June 16, 1933 – Series of programs/laws dealing with banking crisis and other conditions resulting from the Depression Banking Holiday - Ordered all banks closed for 4 days – sent out experts to examine banks Emergency Banking Relief Act (1933) reopen banks that are sound under supervision of Federal Reserve System – prohibit gold hoarding Federal Deposit Insurance Corp (FDIC) insure deposits up to $5000 – gov’t guaranteed money placed in banks would not be lost Americans began to trust and invest again.

SUMMARIZE Name given to FDR’s advisers to help develop relief programs Name given to March thru June 1933 when FDR created laws and programs to help with the Depression Gov’t guaranteed money in banks up to $5000 Vocab term – FDR’s radio talks to Americans on what he planned to do First thing that FDR did when he started working on the Depression FDR’s promise to Americans on what he would do to bring the US out of the Depression Person who lost in 1932 election.

3 Rs New Deal legislation provided: Relief for unemployed (immediate help for poor and unemployed) Recovery measures to stimulate economy Reform laws to lessen the threat of another economic disaster

RELIEF CCC- Civilian Conservation Corp (1933) -Environmental program put 2.2 million unmarried men (18-25) to work planting trees, building bridges, national parks -Workers earned $1 day – free board at camps -First recruits were Bonus Army members

Federal Emergency Relief Administration (FERA) FERA – Federal Emergency Relief Admin. (1933) -Headed by Harry Hopkins gave cash grants to state to give to needy/unemployed. Hopkins however, believed men should be put to work, not be given charity (dole)

RELIEF AAA- Agricultural Adjustment Admin . (1933) - Goal to raise farm prices quickly and control production to keep prices stable. Subsidy – grant of money (financial assistance) to farmers who reduced production Ex: Cotton, wheat, corn, rice, tobacco, dairy Later would plow under crops – kill livestock In 1936, US v Butler, Supreme Court will rule this law unconstitutional for invading reserved powers of the state.

SUMMARIZE What were the 3 R’s of the New Deal? Which program put young men to work on conservation jobs – building roads, parks? What vocab term means to give charity? Who were the first people hired for the above program? Which program gave money for farmers to help control prices? What vocab word means – gov’t gives financial assistance?

RELIEF TVA-Tennessee Valley Authority (1933) Built dams along Tenn. River to provide electric power – helped control flooding, reclaim land, improve economic conditions. NIRA – National Industrial Recovery Act (1933) Help businesses regulate themselves Created: PWA- Public Works Admin – gave money for large public works programs (road construction, shipyards, hospitals, schools) – did not spend money quickly – did not provide lots of jobs for unemployed

RELIEF NRA- National Recovery Admin – set minimum wages – abolished child labor – set up codes of fair trade, quality standards, production levels, prices, maximum hours worked – could form unions – collective bargaining -Adopted a “blue eagle” as symbol- put in windows – people encouraged to buy from businesses showing eagle. Ruled unconstitutional by Sup. Court in 1935

REFORM LAWS Truth in Securities Act – eliminate fraud in the stock market – companies must register with Federal Trade Commission – give accurate information on corporation Securities and Exchange Commission – power to punish dishonest stockbrokers and speculators

SUMMARIZE Which program built dams in southeast US to help provide electricity – help control flooding? Which program helped build roads, hospitals, schools? What was the symbol of the National Recovery Administration? What new commission was created to punish dishonest stockbrokers and speculators?