1. Ch. 10 Overview Section 1 – The First New Deal
Social and an economic crisis lead to new roles for federal government. In the first 100 days of Roosevelt’s Presidency, his team initiated a series of laws that transformed the United States.
Section 2 – The Second New Deal
Roosevelt continued with additional programs to assist labor unions, the elderly, and the unemployed
Section 3 –The New Deal Coalition
Roosevelt won re-election for a second term. He tried to create additional programs but met opposition from the conservative coalition

2. Roosevelt & the New Deal
Chapter 10 – Section 1

3. Ch. 10 Sec. 1 Overview
After winning the 1932 election, Franklin D. Roosevelt surrounded himself with a diverse group of advisors who helped him create programs that could help pull the country out of the depression. During Roosevelt’s “First Hundred Days” in office, congress created 15 major acts that later became know as “The First New Deal Programs”. These acts focused on managing banks, stock market regulations, farming industry, the elderly, and unemployed. While these programs did not end the depression, they gave many people hope for the future.

4. Franklin D. Roosevelt’s Early Career
Cousin of Theodore Roosevelt
Struck w/ 39
Gov. of NY
Became popular because of Tax cuts for farmers, lowered utility rates
Due to work as gov. in NY – Became popular candidate for President

5. Roosevelt Takes Office
Won election against Herbert Hoover (472 – 52 Electoral Votes)
Felt the country needed to “Try Something”
Wanted to give everyone a “New Deal”
Addressed nation: “All we have to fear is fear it’s self”

6. Country’s Current Situation
Country falling farther into depression
1 in 4 unemployed
1 out of every 2 Homes in foreclosure
9000+ Banks closed
Bank runs increasing
People in fear that Roosevelt would abandon the gold standard so they exchanged Dollars for Gold

7. Roosevelt’s Advisors Roosevelt sought advice from various sources:
Business men, agriculture, government, law, education, social workers
& deliberately chose people who disagreed with each other
Why would he do this?

8. 1st Day in of Office
Declared a “Bank Holiday” Closed all banks! No money in or out. Congress passed “Emergency Banking Relief Act”
Survey Nations Banks & Issue Licenses
Why Would he close the Banks??

9. Fireside Chats Addressed nation with “Fireside Chats”
Explained bank situation and promised people their money was safe!
Next Day – Banks Opened
What do you think the results were?

10. Bank & Stock Market Regulations
To gain public confidence in banks & stocks he created:
1. Securities Act of 1933 – (Truthful Lending)
2. Securities & Exchange Commission – Regulate Stock Market
3. Glass Steagall Banking Act – Banks are NOT allowed to invest deposits into stock market
4. FDIC: Federal Deposit Insurance Corporation – Govt insure deposits

11. Farming Industry
Agriculture Adjustment Administration – pay farmers not to grow or raise certain animals and crops
Ex. – Hogs, cotton, tobacco, corn, wheat
Problem – Farmers already planted crops
Govt paid 100 Million to plow under crops & slaughter 6 mill piglets.

12. Farming Industry Cont…
AAA Results:
Next 2 Years – farmers stopped growing as much
Farmers received: $1 Billion from govt to not grow food / raise live stock
Food prices rose as demand grew

13. 1st Hundred Days
Implemented 15 new programs to meet the economic crisis
These Programs made “The First New Deal”
His 1st Hundred days have never been equaled by any president

14. Questions????