1. Franklin Delano Roosevelt
The New Deal Begins
Franklin Delano Roosevelt
New Deal
First 100 Days
Banking Reform

2. F.D.R Former Assistant Sec. of the Navy under Wilson
Contracted polio in 1921
Paralyzed from the waist down
Would not let his disability slow him down
Elected governor of New York in 1928
Elected president in 1932
23 million to 16 million

3. F.D.R. cont. Had until March 1933 to take the oath
Spent the time between the election and the inaugural creating a “brain trust” of professors, lawyers, and journalists to advise him
Told Americans that “the only thing they had to fear was fear itself”
Created a “New Deal” for Americans

4. The New Deal Goals Relief for the needy Economic recovery
Financial reform

5. First 100 Days
March 9-June 16, 1933
Roosevelt pushed through 15 pieces of major legislation
Expanded the role of the federal government

6. Banking Reform First step was banking reform
The day after Roosevelt took office he had the treasury inspect all banks
Declared a “bank holiday”
Closed all banks
Good banks would reopen
Banks not able to pay their debts would remained closed
Some received loans
Gave the public some faith in banking

7. Banking Reform cont. F.D.R. continued his leadership role
“fireside chats”
Explained to the country that the gov’t had “provided machinery to restore our financial system…It was up to you to support and make it work”
Glass-Stegall Act (1933)
Established a Federal Deposit Insurance Corporation (F.D.I.C.)

8. Banking Reform cont. Federal Securities Act (1933)
Required corporations to provide information about stocks and make them liable for misinterpretation of that info.
21st amendment repealed the 18th amendment
F.D.R. wanted to tax alcohol