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FDR & The New Deal 

America Votes for Change in 1932:

Hoover:

FDR (Franklin D. Roosevelt)

Opposed direct federal aid

Charismatic, People liked his outgoing nature

Republican

In his inaugural address, he said, “the only thing to fear, is fear itself”

Self-help & volunteerism

He promised vigorous leadership and bold action

Monotone, not exciting

People blame him for his reaction

Bonus Army

FDR wins

What was the new deal?

  • Polices enacted by FDR to end the Great Depression and build a new sense of confidence.

The 3 R’s on the new deal:

  • Reform: Regulate banks, abolish child labor, and conserve farm land

  • Recovery: Get the economy boosted again

  • Relief: Provide jobs for the unemployed and to protect farmers from foreclosure

The hundred Days:

  • First 100 days in FDR’s presidency where congress passed 15 acts to resolve the crisis

  • First priority: Restore confidence in the banking system

  • Emergency Banking Relief Act: Gave special licenses to bank that were financially sound and wouldn’t close.

  • People began putting their money in these banks, and the banking crisis slowed

The three R’s (for the 100 days)

Reform

  • After the issues that began the GD, there was a need for regulation of banks & the stock market.

  • Securities and Exchange Commission (SEC)

    • Regulated the stock market, and prevented fraud

  • Federal Deposit Insurance Corporation

Recovery

  • Agricultural adjustment Administration (AAA)

    • Farmers paid to NOT grow certain crops/ harvest cattle

    • Would end the surplus and raise prices back up

    • Criticism: raising food prices during a depression?!?!?!?!?

Relief

  • Work programs for the unemployed, so they can start spending money and boost the economy again

  • Civilian Conservation Corps (Pronounced Core) (CCC)

    • Men 18-25 planted trees, fought forest fires, and built reservoirs

    • By 1942, 3 million were employed

  • Public Works Admin (PWA)& Civil works Admin (CWA)

    • Built highways, dams, sewers, schools, airports

    • One of the few agencies that did not discriminate against black workers.

To summarize the 100 days:

  • It did not completely restore prosperity, but did restore people’s faith and spirit in the nation.

FDR & The New Deal 

America Votes for Change in 1932:

Hoover:

FDR (Franklin D. Roosevelt)

Opposed direct federal aid

Charismatic, People liked his outgoing nature

Republican

In his inaugural address, he said, “the only thing to fear, is fear itself”

Self-help & volunteerism

He promised vigorous leadership and bold action

Monotone, not exciting

People blame him for his reaction

Bonus Army

FDR wins

What was the new deal?

  • Polices enacted by FDR to end the Great Depression and build a new sense of confidence.

The 3 R’s on the new deal:

  • Reform: Regulate banks, abolish child labor, and conserve farm land

  • Recovery: Get the economy boosted again

  • Relief: Provide jobs for the unemployed and to protect farmers from foreclosure

The hundred Days:

  • First 100 days in FDR’s presidency where congress passed 15 acts to resolve the crisis

  • First priority: Restore confidence in the banking system

  • Emergency Banking Relief Act: Gave special licenses to bank that were financially sound and wouldn’t close.

  • People began putting their money in these banks, and the banking crisis slowed

The three R’s (for the 100 days)

Reform

  • After the issues that began the GD, there was a need for regulation of banks & the stock market.

  • Securities and Exchange Commission (SEC)

    • Regulated the stock market, and prevented fraud

  • Federal Deposit Insurance Corporation

Recovery

  • Agricultural adjustment Administration (AAA)

    • Farmers paid to NOT grow certain crops/ harvest cattle

    • Would end the surplus and raise prices back up

    • Criticism: raising food prices during a depression?!?!?!?!?

Relief

  • Work programs for the unemployed, so they can start spending money and boost the economy again

  • Civilian Conservation Corps (Pronounced Core) (CCC)

    • Men 18-25 planted trees, fought forest fires, and built reservoirs

    • By 1942, 3 million were employed

  • Public Works Admin (PWA)& Civil works Admin (CWA)

    • Built highways, dams, sewers, schools, airports

    • One of the few agencies that did not discriminate against black workers.

To summarize the 100 days:

  • It did not completely restore prosperity, but did restore people’s faith and spirit in the nation.

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