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FDR AND THE NEW DEAL New Deal Election of 1932 New President New Ideas
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FDR AND THE NEW DEAL PHASE ONE First 100 days Depression hit hard
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3 basic categories of Legislation
FDR AND THE NEW DEAL March 1933 and June 1933 Legislation 3 basic categories of Legislation
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FDR AND THE NEW DEAL Relief Recovery Reform
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RELIEF Banking concerns FDR AND THE NEW DEAL
Run on banks contributed to depression
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First order of business “Bank holiday” closed all banks
FDR AND THE NEW DEAL First order of business “Bank holiday” closed all banks Federal inspectors examined all banks
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Those deemed solvent reopened Two thirds reopened
FDR AND THE NEW DEAL Those deemed solvent reopened Two thirds reopened Restored confidence in banking industry
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Glass-Stegal banking act
FDR AND THE NEW DEAL Glass-Stegal banking act Established Federal Deposit Insurance Corporation (FDIC) Insured accounts up to 2,500 dollars
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Federal Emergency Relief Act (FERA)
FDR AND THE NEW DEAL Federal Emergency Relief Act (FERA) Loans to states to create programs to reduce unemployment
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Civilian Conservation Corp Civil Works Administration
FDR AND THE NEW DEAL Civilian Conservation Corp Civil Works Administration
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FDR AND THE NEW DEAL Civilian Conservation Corps (CCC) 1933 put young men to work
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FDR AND THE NEW DEAL Ages between 18-28 Forest and parks Popular of all New Deal Temporary employment about 1 year Lasted until 1934
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Civil Works Administration (CWA) Temporary program
Franklin D. Roosevelt Civil Works Administration (CWA) Temporary program Get people back to work Winter 1934
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4 million had government jobs
FDR AND THE NEW DEAL 4 million had government jobs Make busy work Severe criticism
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FDR AND THE NEW DEAL RECOVERY Agriculture Adjustment Act
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Franklin D. Roosevelt Increase farm income by reducing crop growing Paid farmers not to grow crops Tax on food processors paid the shortfall
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By 1935 farm income raised by 50 percent
FDR AND THE NEW DEAL By 1935 farm income raised by 50 percent However some small and tenant farmers were forced off land
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FDR AND THE NEW DEAL National Recovery Act (NRA)
“codes of fair competition” Minimum wage Maximum hours Price fixing controls Collective bargaining
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FDR AND THE NEW DEAL Created Public Works Administration (PWA) Building projects including dams and buildings Not as successful business did not trust government
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FDR AND THE NEW DEAL NRA collapsed before it was deemed unconstitutional by Supreme Court
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FDR AND THE NEW DEAL REFORM TVA Tennessee Valley Authority Developed area that was eroded
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FDR AND THE NEW DEAL Over cut forests led to uncontrollable flooding of Tennessee River
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FDR AND THE NEW DEAL Rural area void of electricity Series of dams and locks Made river navigable Generated electricity for entire rural region
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FDR AND THE NEW DEAL Greatly improved standard of living Conflict between large utilities and government Ashwander v. TVA (1936)
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FDR AND THE NEW DEAL Supreme Court ruled in favor of government because land to develop TVA was acquired legally
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FDR AND THE NEW DEAL SEC (Security and Exchange Commission) Regulated stock market Took nation off gold standard
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Dollar would compete with other currency
FDR AND THE NEW DEAL Dollar would compete with other currency
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FDR AND THE NEW DEAL Second New Deal Relief and Recovery
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Federal Arts Project First time gave aid to artists Money for concerts to small towns
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FDR AND THE NEW DEAL Rural Electrification Administration Cooperatives to build electric transmission plants
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FDR AND THE NEW DEAL National Labor Relations Act creation of NLRB Allowed to workers to elect Which union they wanted to join
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No discrimination if they joined a union
FDR AND THE NEW DEAL No discrimination if they joined a union
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FDR AND THE NEW DEAL Social Security Act Pension supported by taxes for elderly Small pension for elderly Unemployment compensation
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Health insurance was dropped in a compromise
FDR AND THE NEW DEAL Support for survivors Health insurance Health insurance was dropped in a compromise
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FDR AND THE NEW DEAL Banking Act of 1935
Increased the power of the Federal Reserve Board Federal Housing Authority FHA
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Home loans at discounted rates
Franklin D. Roosevelt Home loans at discounted rates Increased home ownership to low and middle class
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Republicans gained seats in election of 1934 and 1938
FDR AND THE NEW DEAL Republicans gained seats in election of 1934 and 1938 Challenged New Deal Took many to Supreme Court
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New Deal programs were deemed unconstitutional
FDR AND THE NEW DEAL New Deal programs were deemed unconstitutional Too Much Power to President Too Much Federal power
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Roosevelt upset with Court
FDR AND THE NEW DEAL Roosevelt upset with Court
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FDR AND THE NEW DEAL 1938 Roosevelt suggested to add 4 judges to court and replace all over 70
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This would have swayed the court “Court Packing”
FDR AND THE NEW DEAL This would have swayed the court “Court Packing” Proofed to be a mistake for Roosevelt
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FDR AND THE NEW DEAL Failed however several judges retired allowing Roosevelt to appoint new judges He got what he wanted
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Legacy of the New Deal FDR AND THE NEW DEAL
1. Extension of Federal Power 2. Extension of the Power of the President
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4. Federal Social Programs
FDR AND THE NEW DEAL 3. Deficit Spending 4. Federal Social Programs
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FDR AND THE NEW DEAL 5. Greater Concern for Labor and Workers 6. Conservation Gains 7. Renewal of the faith in Democracy
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FDR AND THE NEW DEAL New Deal will influence lives to the present Trouble on the Horizon
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