THE NEW DEAL FDR’s Response to the Great Depression.

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Presentation transcript:

THE NEW DEAL FDR’s Response to the Great Depression

Restoring the Nation’s Hope  FDR and 1 st Lady Eleanor attempt to restore confidence  2 nd Bonus Army  Fireside Chat  The New Deal  Relief  Recovery  Reform

The First 100 Days - FDR pushes program after program through Congress - “Alphabet Soup”

Stabilizes Financial Institutions  Emergency Banking Act  “Bank Holiday”: closes banks to inspect them, restore confidence  Glass-Steagall Banking Act  Insures bank deposits  Securities & Exchange Commission  Regulates stock market

Provides Relief and Creates Jobs  Federal Emergency Relief Administration  Money to local relief agencies  Public Works Program  Building public facilities Roads, Parks, Railroads  Civilian Conservation Corp  2.5 million unmarried men to work in forests, beaches, and parks (Pioneers Park)

Regulates the Economy  National Industrial Recovery Act  Set to increase industrial prices  Regulates wages, working conditions, and prices  Capitalism…??

Assists Farmers and Homeowners  Home Owners’ Loan Corporation  Refinanced mortgages  Federal Housing Administration  Improved housing standards  Agricultural Adjustment Administration  Raised farm prices through subsidies (paid to not grow crops)  Tennessee Valley Authority  Focus on Tennessee Valley (nation’s least developed areas)  Hydroelectric power plant developed

New Deal Falters - Many agencies unsuccessful - Supreme Court attacks FIRA & AAA as unconstitutional

A Second New Deal  New, bolder programs launched  Works Progress Administration (WPA) Employs over 8 million people  Farm Security Administration Loans money to small farms & helps settle tenant farmers  Rural Electrification Administration Electricity to America’s rural areas  Wagner Act Legalizes union practices like collective bargaining Outlaws spying on unions & blacklisting  Social Security System Economic support to who can’t support themselves Old Age, Unemployment, Dependent children, disabled

FDR wins in a landslide vs. Alfred M. Landon of Kansas The Election of 1936

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