Franklin Roosevelt Becomes president in 1932 Campaign speech promised a “new deal for the...
29
Franklin Roosevelt Becomes president in 1932 Campaign speech promised a “new deal for the American people.” THREE GOALS: relief for the needy, economic
Franklin Roosevelt Becomes president in 1932 Campaign speech
promised a new deal for the American people. THREE GOALS: relief
for the needy, economic recovery, financial reform
Slide 3
Early Accomplishments (first 100 days) Declared a bank holiday
on his first day in office Emergency Banking Relief Act Treasury
Department inspected banks Glass-Steagall Act Established the FDIC
($5,000) Federal Securities Act Established the SEC to regulate the
stock market
Slide 4
Fireside Chats Radio talks about public concerns Explained his
New Deal in plain, clear, simple language Designed to be informal
Tried to explain the role of the average person within the American
economy Spoke as if he was talking to you face to face
Slide 5
Slide 6
AAA Agricultural Adjustment Administration Intent was to raise
crop prices by lowering production Government paid farmers to leave
a portion of every acre unseeded Cotton too far advanced government
paid $200 million to plow under 10 million acres of land 6 million
pigs slaughtered.
Slide 7
Agricultural Adjustment Administration poster
Slide 8
CCC Civilian Conservation Corps Put 18-25 year old men to work
building roads, developing parks, planting trees, and helping in
soil-erosion and flood control projects. 3 million trained by 1932
Wage was $30/month and $25/month was sent straight home to your
family
Slide 9
Civilian Conservation Corps poster
Slide 10
NIRA National Industrial Recovery Act Created the PWA Provided
money to states to create jobs in the construction of schools and
community buildings
Slide 11
CWA Civil Works Administration Addressed unemployment that was
not covered by the NIRA and the PWA Immediately provided 4 million
jobs during the winter of 1933/34. Built 40,000 schools Built
500,000 miles of roads Paid 50,000 teachers
Slide 12
HOLC (home owners loan corp) and the FHA (federal housing
administration) Provided government loans to homeowners who faced
foreclosure Furnish loans for home repairs The FHA is still with us
today
Slide 13
Notice the eagle in the middle
Slide 14
FERA Federal Emergency Relief Fund $500 million to provide
direct relief for the needy Half was given to states as direct
grants to help furnish food and clothing to the unemployed, aged,
and ill The rest went to support work relief programs
Slide 15
Deficit Spending President Roosevelt agreed to spending more
money than the government was receiving in revenue. FDR believed
deficit spending was a necessary evil only to be used in a time of
crisis. Keynes and influential British economist promoted this
idea
Slide 16
Deficit Spending Millions of American benefitted Public
confidence rebounded DEFICIT SPENDING the government spends more
than it receives in revenue LIBERALS the New Deal is too small
CONSERVATIVES spending too much and creating socialism
Slide 17
Slide 18
THE SECOND NEW DEAL FDR called on congress to provide more
extensive relief for both farmers and workers Eleanor had deep
humanitarian impulses and also influenced him Reelected in
1936
Slide 19
WPA (works progress admin) Spent $11 billion dollars to create
8 millions jobs for mostly unskilled workers. Built 850 airports
Constructed or repaired 651,000 miles of road Erected 125,000
public buildings Women sewed 300 million garments for the
needy
Slide 20
Slide 21
NYA (National Youth Admin.) Created specifically to provide
jobs, education, counseling, and recreation for young people.
Provided student aid to high school, college and graduate students
In exchange students worked part time at their schools
Slide 22
NYA Journalism Students
Slide 23
NYA Auto mechanics
Slide 24
Slide 25
Slide 26
Slide 27
CRITICS Huey Long is considered to be the most serious critic
Senator from Louisiana who was running for president
Share-Our-Wealth clubs 1935 27,000 S.O.W clubs with 7.5 million
members Long was assassinated by a lone gunman
Slide 28
Lasting Effects Reformed banking and finance Government takes a
more active role in the economy Workers benefit from labor
standards Social security provides for the needy Conservation
efforts preserve the environment