Upload
stephanie-alexander
View
216
Download
0
Tags:
Embed Size (px)
Citation preview
THE NEW DEAL FDR’s Response to the Great Depression
Restoring the Nation’s Hope
FDR and 1st Lady Eleanor attempt to restore confidence 2nd Bonus Army Fireside Chat
The New Deal Relief Recovery Reform
The First 100 Days
- FDR pushes program after program through Congress
- “Alphabet Soup”
Stabilizes Financial Institutions
Emergency Banking Act “Bank Holiday”: closes
banks to inspect them, restore confidence
Glass-Steagall Banking Act Insures bank deposits
Securities & Exchange Commission Regulates stock market
Provides Relief and Creates Jobs
Federal Emergency Relief Administration Money to local relief
agencies Public Works Program
Building public facilities Roads, Parks, Railroads
Civilian Conservation Corp 2.5 million unmarried
men to work in forests, beaches, and parks (Pioneers Park)
Regulates the Economy
National Industrial Recovery Act Set to increase
industrial prices Regulates wages,
working conditions, and prices
Capitalism…??
Assists Farmers and Homeowners Home Owners’ Loan Corporation
Refinanced mortgages Federal Housing Administration
Improved housing standards Agricultural Adjustment Administration
Raised farm prices through subsidies (paid to not grow crops)
Tennessee Valley Authority Focus on Tennessee Valley (nation’s least
developed areas) Hydroelectric power plant developed
New Deal Falters
- Many agencies unsuccessful
- Supreme Court attacks FIRA & AAA as unconstitutional
A Second New Deal
New, bolder programs launched Works Progress Administration (WPA)
Employs over 8 million people Farm Security Administration
Loans money to small farms & helps settle tenant farmers
Rural Electrification Administration Electricity to America’s rural areas
Wagner Act Legalizes union practices like collective bargaining Outlaws spying on unions & blacklisting
Social Security System Economic support to who can’t support themselves
Old Age, Unemployment, Dependent children, disabled
FDR wins in a landslide 523-8 vs. Alfred M. Landon of Kansas
The Election of 1936