The New Deal Chapter 23 Section 1 Notes

F.D.R. becomes President F.D.R. –Gov. of New York, Democrat Brain Trust –F.D.R.’s advisors New Deal –Plan to stop the Great Depression –Relief for the needy –Economic recovery –Financial reform

1 st 100 Days 15 new laws Expanded Federal gov’t role in the economy Reform Banking –Bank Holiday –Emergency Banking Relief Act Fireside Chats –Radio Address’s –Explain to people what is going on

Regulating Banking and Finance Glass-Steagall Act –FDIC: Insures your money in the banks Federal Securities Act –Companies had to properly report stocks Securities and Exchange Commission (SEC) –Regulates stock market –Check up on companies and their stocks

Rural Assistance Agricultural Adjustment Act (AAA) –Up prices by lowering production –Paid farmers to not plant land –Slaughter extra animals –Farmers started to make money Tennessee Valley Authority (TVA) –Very depressed area –Renovated and built dams –Created thousands of jobs –Brought flood control and electric

Work Projects Civilian Conservation Corps (CCC) –Men 18-25, lived in traveling camps –Built Roads, Parks, Dams, Bridges, Planted trees National Industrial Recovery Act (NIRA) –Public Works Administration (PWA) Big money for big projects –Civil Works Administrations (CWA) 4 million jobs Local projects

More Help National Recovery Administration (NRA) –Set Prices –Get Business back up and Running

New Deal Under Attack Liberals –Did not go far enough to help the poor Conservatives –Went to far controlling business Supreme Court –Ruled the AAA and NIRA unconstitutional Roosevelt was taking to much power! –Started to deconstruct the New Deal