1. Roosevelt and the New Deal

2. FDR beats Hoover in ‘32
With hard times worsening, Franklin Delano Roosevelt, a relative of Theodore Roosevelt, rose as the leading Democratic candidate.
Hoover’s policies and criticisms were his undoing.
In the electoral college, Hoover received only 59 votes, while FDR received 472

3. The Three R’s: Relief, Recovery and Reform
Roosevelt proclaimed that the three keys to beating the depression would be relief, recovery and reform.
March 4, 1933, Roosevelt’s Inauguration Day, FDR, makes his famous statement “the only thing we have to fear is fear itself”
Roosevelt worked quickly to install his New Deal policies, and claimed to provide a noticeable improvement in his first 100 Days in office.

4. Addressing troubles with the banking system
Bank Holiday: On March Roosevelt closed every bank in the nation for a few days
Was designed to stop massive withdrawals
Emergency Banking Act (March 9) allowed the federal Government to examine all banks and allow those financially sound to reopen.
March 12, the first of the fireside chats, Roosevelt assures people this is done to protect their money
Federal Deposit Insurance Corporation (FDIC)
Insured each bank deposit up to $2,500

5. Aid with loans and mortgages
Home Owners Loan Corporation (HOLC
Assisted home owners who could not meet mortgage payments by granting low interest loans with long term mortgages.

6. Direct Relief Federal Emergency Relief Administration (FERA)
Headed by Harry Hopkins, a trusted advisor to FDR, FERA put $500 million in relief to state and local Agencies.

7. Indirect Relief Were sent to army camps and trained
Civilian Conservation Corps (CCC)
Designed to aid unemployed men between ages of 18 and 25.
Were sent to army camps and trained
Sent to nation’s parks and forests
Planted trees, cleared park trails and developed camp grounds.
Earned $1/day.

8. Tennessee Valley Authority
Sought to aid an area made of seven states that had been struggling with disease, illiteracy, malnutrition, and poverty
Built several new dams, producing hydroelectric power
Criticisms
People stated the government was abusing its power
Private utility companies feared TVA was going to cost them money
The Supreme Court refused to strike it down

9. Criticisms of the New Deal
Assignment: Describe how both conservatives and liberals would criticize the New Deal. Include their arguments and each of the following:
Huey Long
Share Our Wealth Program
Court Packing
Alfred Landon