1. ROOSEVELT AND THE NEW DEAL
SECTION 3
ROOSEVELT AND THE NEW DEAL

2. THE ELECTION OF 1932 FDR HOOVER Once Sec. of Assistant to the Navy
Gov. of NY
Promised Gov’t Aid to Americans
Believable campaign message
Landslide Victory
Electoral votes: 472 FDR to 59 Hoover
HOOVER
Blamed for the Depression
Depression worsened during Election process

3. FDR’s FIRST HUNDRED DAYS
Immediate plan to get out of the Depression
Very busy
Called for special session in Congress
New Deal
His plan
Passed numerous/varied programs with a variety of economic purposes

4. The 3 R’s Relief Recovery Reform
Immediate action to halt the economies deterioration
Unemployed and poor
Recovery
Temporary programs to restart the flow of consumer demand
Return the economy to normal levels
Reform
Permanent programs to avoid another depression and insure citizens against economic disasters
Change/improve financial system

5. THE HUNDRED DAYS Emergency Banking Act/Bank Holiday Fireside Chats
Closed Banks for 4 days
Gov’t officials looks into banks books
Closed any banks not doing well
Only stable banks reopened
Fireside Chats
Radio broadcasts from FDR to American people keeping them up to date and understanding gov’t actions
FDIC
Insured Deposits up to $5000 per account

7. THE HUNDRED DAYS Federal Securities Act(FSA)
Protecting against stock fraud
Securities Exchange Commission (SEC)
Regulated companies that sold stock
Home Owners Loan Corporation (HOLC)
Offered low interest, long term mortgage loans to families

9. THE HUNDRED DAYS Farm Credit Administration (FCA)
Refinanced 1/5 of all farm loans
Federal Emergency Relief Administration(FERA)
$500 million to help out
Led by Harry Hopkins
Most of money went to families
Civilian Conservation Corps (CCC)
Men aged AND unmarried given jobs to protect the environment – build/maintain parks, reforestation, etc…
Employed about 3 million (300,000 at one time)
Civil Works Administration (CWA)
Employed about 4 million Americans

11. HELPING BUSINESS AND INDUSTRY
National Industrial Recovery Act (NIRA)
Goal: Long term economic growth
Public Works Administration (PWA)
Spent $4 Billion
34,000 construction projects: Roads, Bridges, Dams
Guaranteed workers’ right to collectively bargain
National Recovery Administration
Made industry codes
Tried to end child labor and unfair business practices
1935: NIRA declared unconstitutional by Supreme Court

12. HELPING RURAL AMERICA Agricultural Adjustment Act (AAA)
Paid farmers to reduce production
1936: Declared unconstitutional
Tennessee Valley Authority (TVA)
Built dams in seven states along the Tennessee River Basin
Controlled: flooding and soil erosion
Generated: cheap hydroelectric power