1. The First New Deal

2. The 1st 100 Days Roosevelt & Congress passed 15 bills
New legislation & programs known as the First New Deal
Goals of the New Deal: Relief, recovery, & reform
Plan/Focus of the New Deal
Put Americans back to work so they have money to spend
Money spent= Stimulated economy

3. The 1st 100 Days Federal Deposit Insurance Corporation (FDIC)
Insured bank deposits up to $5,000
Securities & Exchange Commission (SEC)= Regulated stock market, made it safe for investments; Made investors feel more confident in stock market

4. The 1st Hundred Days Numerous New Deal programs aimed to help farmers
Throughout 1920s/30s, supply of crops exceeded demand
Agricultural Adjustment Act (AAA)= Paid farmers to NOT plant parts of their farmland and to kill excess livestock
Tennessee Valley Authority (TVA)
Tennessee River Valley, one of poorest regions in the nation
TVA built dams to control floods/generate electricity
Replanted forests, built fertilizer plants, created jobs, attracted industry due to cheap power

5. 1st Hundred Days= Relief Acts
Civilian Conservation Corps (CCC)
Public work relief program,
Provided unskilled manual labor jobs to over 2 million American men
Jobs were related to conservation & development of natural resources
3 billion trees planted; Constructed lodges/trails in over 800 national/state parks
Federal Emergency Relief Act (FERA)
Gave states loans to alleviate unemployment; Money used to hire labor
Federal Housing Administration (FHA)
Regulated rate of interest & terms of home mortgages
Increased amount of people who could afford down payment on a home

6. 1st Hundred Days= Recovery
National Industrial Recovery Act (NIRA)= Centerpiece of New Deal’s Recovery program
Created the National Recovery Administration
Developed codes of fair competition to govern whole industries; Codes made by business leaders, labor leaders, and government officials
Created minimum wages for workers, minimum prices for goods that businesses sold
Public Works Administration (PWA)
Built dams, bridges, power plants, & government buildings

7. The 2nd New Deal

8. What was it?
Legislative activity to solve problems created by the Great Depression; Began in 1935
Federal deficit grew; 1932= $461 million, 1936= $4.4 billion
John Maynard Keynes, British economist, believed in pump priming
Work Progress Administration (WPA)= Built/improved nation’s highways, dredged rivers/harbors, promoted soil/water conservation
Employed over 8 million people

9. Social Security 1935= Social Security Act signed
Created pension system for retirees
Employment insurance for unemployed workers
Insurance for victims of work-related accidents
Aid for mothers living in poverty & children who were disabled

10. More Aid for Farmers Rural Electrification Administration (REA)
Loaned money to electric companies to build power lines
Brought electricity to isolated rural areas

11. Labor Unions National Labor Relations Act/Wagner Act (1935)
Gave right of employees to join labor unions & right to collective bargaining
Fair Labor Standards Act (1938)
Created a minimum wage (.25 cents per hour) & maximum work week (44 hours)
Congress of Industrial Organizations (CIO)
Group of labor unions that consisted of lower-paid/ethnically diverse industrial workers
1936= United Automobile Workers Union, staged a sit-down strike; Lasted 44 days
Amount of workers in unions went up drastically; 1940= 9 million