Franklin D. Roosevelt The First New Deal Years
Franklin D. Roosevelt Governor of New York Stricken with polio in 1921 Democrat that believed in more government involvement Used a group dubbed the “Brain Trust” in decision making
The First “Hundred Days” March 9 declared a bank holiday The passing of the Emergency Banking Act including FDIC (Federal Deposit Insurance Corporation Repealed the 18th Amendment and passed the Economy Bill. Fireside chats
The New Deal NRA (National Recovery Act) Schecter vs. The United States outlawed the NRA as unconstitutional The PWA(Public Works Act) put many people into jobs working for the government By 1934 the New Deal budget had soared to 5 billion Social Security was added to help the elderly
Accomplishments of FDR By 1934 Democrats reached a majority in both the house and the Senate. Industry was at the level of Farm incomes had risen Unemployment went from 12 mil to 7 mil From 1933 the national income rose 60% In 1936 FDR won the Presidential Election in a landslide over Alf Landon.