Baltimore Polytechnic Institute February 2, 2012 U.S. History Mr. Green
The students will evaluate to what extent the steps Roosevelt took early to reform banking and finance impacted the Great Depression Announcement: Chapter 15 Test Friday 2/10 Coming on Friday: African-American project Drill: Read One American's Story on page 504 and answer the following 1. Why did receiving a CWA paycheck make people so happy? 2. Why did New Deal programs like the CWA raise the hopes of the American people?
Electing Franklin D. Roosevelt Republicans re-nominated Hoover Democrats nominate 2-time NY governor FDR distant cousin of Teddy Roosevelt Roosevelt wanted to try something, even if it failed Roosevelt won, Democrats controlled both houses Waiting for Roosevelt to Take Over 4 month lame-duck period Ended with the 20 th amendment but not this election During the 4 months, economy worsened
Assembled the brain trust during the wait Initiated the New Deal Once inaugurated, FDR began the 1 st 100 days 15 New Deal laws passed Reforming Banking and Finance Many Americans came to fear banks March 5, 1933 FDR authorized a bank holiday Congress passed Emergency Banking Relief Act those banks that were solvent could open An Important Fireside Chat March 12 FDR told Americans to put their money back into the banks
Congress passed Glass-Steagall Banking Act of 1933 created the FDIC Congress passed Federal Securities Act May 1933 transparency to public corporations Securities and Exchange Commission-1934 prevent insider trading 21 st amendment-legalized alcohol once again needed source of tax revenue
Assisting Farmers AAA-raise crop prices by lowering production farmers got paid not to farm Many Americans disagreed with this policy Providing Work Projects Civilian Conservation Corp (CCC) men building roads, parks, planting trees, soil-erosion/flood control projects $30/month with $25 of it sent home Federal Emergency Relief Administration (FERA) $250 million to states as grants $250 million for direct relief for the needy
Public Works Administration provided money to states to create jobs-built schools/community buildings National Industrial Recovery Act (NIRA) created the National Recovery Administration set prices for products, working hours, banned child labor section of NIRA guaranteed right to unionize and bargain collectively Tennessee Valley Authority-May 1933 renovated and built dams in Tennessee River Valley 1000s of jobs, flood control, hydroelectric power
What was the immediate purpose and long- term goal of the following federal programs? 1. Emergency Banking Relief Act 2. Glass-Steagall Banking Act of Federal Securities Act 4. Agricultural Adjustment Act 5. Tennessee Valley Authority 6. Civilian Conservation Corp
Evaluate to what extent the first 100 days of the FDR administration demonstrated political reform. Be sure to define political reform in your essay
1. Read Chapter 15 Section 1 and Chapter 15 Vocabulary 3. 5 Question Quiz on Tuesday