America Votes for Change in 1932:

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.