1. Chapter 23 -
Section 2
The New Deal Fights the Depression

2. Who is FDR? Wealthy New Yorker who was a distant relation to TR
Also served as Asst. Sec. of Navy
Ran for V.P. in 1920, but Democrats lost! (Remember Harding?)
Struck with Polio in 1921
Fought long and hard to overcome disability
Elected Governor of NY in 1928
Elected President in 1932 and wins 4 times in a row!

3. Roosevelt’s first move as president - Emergency Banking Relief Act (EBRA)
Immediate
Long-term goal
Authorized the Treasury Department to inspect and close banks.
To restore public confidence in banks.

4. FDR and the “brain trust” come up with three main ideas:
Relief (weird green)
Recovery (blue)
Reform (brown)

5. Federal Emergency Relief Administration (FERA)
Purpose – Set money aside for states so that they could open back up relief agencies for the needy.

6. Civilian Conservation Corps (CCC)
Long-term
To reduce unemployment
Immediate
Put young men to work on road-building and conservation projects

7. Agricultural Adjustment Act (AAA)
Long-term
Raise crop prices (and, thus farm income)
Immediate
Paid farmers to lower production

8. Works Progress Administration (WPA)
The government put people to work repairing bridges, public buildings (like post offices), building roads and airports and even hired writers and artists to write and paint.

9. National Recovery Administration(NRA)
Purpose – Keep prices for goods the same while putting more people back to work and allowing them to earn more income.
Accomplishments – established a minimum wage, stopped child labor, and kept wages and prices on an even keel.
Failure – Did not fix the economy!

10. Public Works Administration (WPA)

11. Tennessee Valley Authority (TVA)
Effects
Programs protecting the nation’s natural resources, including farmland
Prevention of floods and dust storms
More national parks and wildlife refugees
pollution

12. Truth-in-Securities Act
Immediate
Required corporations to provide complete information on all stock offerings
Long-term
To restore public confidence in the stock market

13. Glass-Steagall Banking Act of 1933 which created the FDIC
Immediate
Long-Term
To restore public confidence in banks

14. Federal Power Commission (FPC)
Purpose – Helped control the oil and gas companies.
Also made the power of the (FDA) Food and Drug Administration more powerful.

15. Opposition to the New Deal
Opposition to the New Deal

16. Click here to see an interactive map of all of the New Deal projects that took place all over the country!