15.1 FDR Tries his “New Deal”. The Hundred Days FDR won the 1932 election against Hoover – FDR promised to help people more & try new ideas, he was a.

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Presentation transcript:

15.1 FDR Tries his “New Deal”

The Hundred Days FDR won the 1932 election against Hoover – FDR promised to help people more & try new ideas, he was a big-govt. liberal – FDR relied on his “Brain Trust” to come up with plans for combatting the Depression

The Hundred Days March 1933: FDR shuts down banks – Banks could only reopen if they weren’t too in debt – Shaky banks would get loans from the govt. – FDR went on the radio in his “fireside chat” to ease people’s fears about banks going bust

The Hundred Days Glass-Steagall Act said banks cannot use the money you deposit for their stock market investments – Your money is now guaranteed by the govt. (even if the bank fails)

The Hundred Days Federal Securities Act said businesses have to be honest about their stocks – And the Security & Exchange Commission now tracks companies and the stocks they offer

The Hundred Days Agricultural Adjustment Act (AAA) helped raise farm prices, helped farmers make more money… – By paying them to produce less

The Hundred Days Civilian Conservation Corps (CCC) and the Public Works Administration (PWA) put people to work – They built bridges, schools, roads, etc.