4. The New Deal

5. Election of 1932
FDR won 42 states, received 23 million popular votes, and 472 electoral votes
Hoover received 16 million popular votes and won only 59 electoral votes
Both the House and Senate were swept over with Democratic victories
With Congresses backing, FDR was confident to pass his new legislation

6. FDR Served as NY gov. from 1929-1932
Married his distant cousin Eleanor Roosevelt
Suffered from Polio and it led to paralysis from the legs waist down
Won 4 elections and served from 1932 until his death in 1945
PRO: Helped lead us through the Great Depression and WWII
CON: Led us into debt with socialist programs

7. Hundred Days
This was the name given to FDR’s plan to pass all New Deal legislation in 100 days
Brain Trust: Pres. Roosevelt’s advisors
Bank Holiday: Day after inauguration FDR declared that all banks would close to prevent massive withdrawals

8. FDIC FDIC = Federal Deposit Insurance Corporation
The FDIC insured that each bank account could be refunded up to $2,500
Today, the FDIC insures up to $100,000 per account
This greatly increased customer trust in the banking system

9. NIRA NIRA = National Industrial Recovery Act
Designed to stimulate economy by stabilizing prices, raising wages, limiting worker hours, and providing jobs
NIRA created the Public Works Administration and National Recovery Administration
Found to be unconstitutional

10. PWA PWA = Public Works Administration
Created by NIRA, the PWA led to the creation/construction of roads and public buildings
34,000 different projects were undertaken

11. WPA WPA= Works Progress Administration Created in the wake of the CWA
Employed 14 million people
Built 100,000 public buildings, 78,000 bridges, 500,000 miles of roads, and 350 airports

12. Social Security Act The SSA had 3 major divisions…
1) Provide unemployment insurance to those who lost jobs
2) Provide pensions for retired workers over 65
3) Provided payments to the blind, elderly, and to wives and children of a male worker who died

13. Legacy of New Deal
Right Wing: Conservative response would be that it turned the US into a socialist state started the trend of deficit spending
Court-Packing Bill: FDR proposed to add a new member to the USSC for each member that was 70 threatening a system of checks and balances
Inflation: Rise in prices despite a decrease in purchasing power
Left Wing: Liberal response would be that it helped end the depression and strengthen faith in the government by providing relief, reform, and recovery
WWII led to the end of the depression