Roosevelt and the New Deal

First New Deal

• Aimed for Relief, Recovery, and Reform

• 'Hundred Days' period initiated many legislations

• Boosted morale through fireside chats

• Emergency Banking Act restored confidence

• Created 'alphabet agencies' for economic and social recovery

Alphabet Agencies

• National Recovery Administration (NRA)

• Federal Emergency Relief Administration (FERA)

• Civilian Conservation Corps (CCC)

• Agricultural Adjustment Administration (AAA)

Second New Deal (1935)

• Focused on social welfare improvement

• Introduced Social Security Act and Wagner Act

• Works Progress Administration (WPA) and Farm Security Administration (FSA) created

Impact

• Improved social welfare and employment

• Unemployment decreased due to CCC and WPA

• Prevented complete societal and economic collapse

Long-term Effects

• Laid foundations for the welfare state

• Changed the government's role in social welfare

• Unemployment reduced from 25% (1933) to under 15% (1940)

• Farmers' incomes doubled between 1932 and 1939