1. The New Deal Franklin Delano Roosevelt Saves the Day!

2. 1932 – FDR is Elected Hoover was blamed for doing nothing about the Depression. Democrats nominated the governor of New York, FDR (cousin of Theodore Roosevelt) Democrats won the majority in the House and Senate

3. The Brain Trust Presents… The New Deal FDR’s cabinet was made up of professors, lawyers, and journalists “The Brain Trust” FDR’s cabinet was made up of professors, lawyers, and journalists “The Brain Trust” They developed policies that would provide relief for those in need, economic recovery, and financial reform.

4. The First 100 Days New legislation. New legislation. Roosevelt closed all Roosevelt closed all banks. banks. Emergency Banking Relief Act – Gov’t. gained ability to authorize banks to open. Emergency Banking Relief Act – Gov’t. gained ability to authorize banks to open. Fireside chats – FDR gave weekly radio addresses to the public. Fireside chats – FDR gave weekly radio addresses to the public.

5. Glass-Steagall Act Established the FDIC Established the FDIC Federal Deposit Insurance Commission Federal Deposit Insurance Commission –Provided insurance to individual bank accounts individual bank accounts

6. Federal Securities Act The SEC, Securities Exchange Commission was created to increase confidence in the stock market. The SEC, Securities Exchange Commission was created to increase confidence in the stock market. –Practices must be open to the public. to the public. –No insider trading.

7. 21 st Amendment Roosevelt hoped to increase revenue by legalizing some alcohol sales Roosevelt hoped to increase revenue by legalizing some alcohol sales (sin taxes). (sin taxes). What are some ways sin taxes are used today to fund local, state, or federal finances? What are some ways sin taxes are used today to fund local, state, or federal finances?

8. Help is on the Way! The Agricultural Adjustment Act – farmers were paid to slow down production, which would raise prices. The Civilian Conservation Corps –B–B–B–Built roads, parks, planted trees, and developed flood control.

9. And More… The Public Works Administration / National Industrial Recoveries Act The Public Works Administration / National Industrial Recoveries Act –Built schools and government buildings –Built roads and bridges The National Recovery Administration The National Recovery Administration –Set prices and minimum wages

10. And Still More… National Housing Act & The Federal Housing Commission –H–H–H–Home Owners Loan Corporation provided loans to homeowners in default The Federal Emergency Relief Administration –P–P–P–Provided funds for direct relief to poor / needy

11. FDR Faces Opposition Critics say his Big Government has gone too far… Critics say his Big Government has gone too far… The courts strike down FIRA and AAA. The courts strike down FIRA and AAA. He is accused of assuming legislative powers. He is accused of assuming legislative powers. FDR has an answer – let’s get a new supreme court in here… FDR has an answer – let’s get a new supreme court in here…

12. He’s On a Roll! Congress did not grant his request for a new panel of judges (court packing), but for various reasons he ended up nominating seven new judges over his term in office. Congress did not grant his request for a new panel of judges (court packing), but for various reasons he ended up nominating seven new judges over his term in office.

13. The 1 st 100 Days…Again 1936 – FDR was re-elected. 1936 – FDR was re-elected. The Soil Conservation and Domestic Allotment Act – rewarded farmers for good farming practices. The Soil Conservation and Domestic Allotment Act – rewarded farmers for good farming practices. A second draft of the AAA was passed. A second draft of the AAA was passed. The Resettlement Administration allocated over $1 billion in The Resettlement Administration allocated over $1 billion in loans to small farmers. loans to small farmers.

14. Works Progress Administration 1935 – 1943, $11 billion spent to create jobs. 1935 – 1943, $11 billion spent to create jobs. –850 airports –651,000 miles of roads –125,000 public buildings

15. National Youth Administration Provided education, jobs, counseling, and recreation to young people. Provided education, jobs, counseling, and recreation to young people. –Issued part time jobs for students –Found work for drop-outs

16. The Wagner Act & Fair Labor Standards Act National Labor Relations Act (Sponsored by Senator Robert Wagner) –S–S–S–Supported union rights –P–P–P–Prohibited firing of union members Fair Labor Standards Act –R–R–R–Reduced work week to 44 hours –M–M–M–Minimum wage – 25 cents (40 cents by 1945) –B–B–B–Banned hazardous work for minors

17. Social Security Act Old Age Insurance – employee paid half and employer paid half. Old Age Insurance – employee paid half and employer paid half. Unemployment Insurance – employees could draw from this if out of work. Unemployment Insurance – employees could draw from this if out of work. Aid to Families w/Dependent Children and the Disabled Aid to Families w/Dependent Children and the Disabled