Chapter 10 Lesson 2

 Distant cousin to Teddy Roosevelt  Wealthy Family  Married Eleanor Roosevelt  1921: Polio Paralyzed him in both legs Never publically mentioned paralysis Asked journalist not to photograph his leg braces or Wheelchair. ***Governor of NY

 Democratic Nominee: FDR  Republican Nominee: President Hoover  Incumbent  Promised the American People  “A New Deal”

 “The only thing we have to fear is fear itself…” Inauguration Promised action on banking crisis Put people to work

 Formulated with the “Brain Trust” FDR’s advisers – Prof, lawyers, economics, journalists Helped FDR come up with new ideas for getting over the GD  Goals of the ND relief – for needy Recovery- for economy Reform - financial

 Hundred Days FDR sent Congress 15 new programs to help solve economic problems Congress approved them ALL  Programs affected: Banking Stock market Industry Agriculture - Farmers Public Works Relief to the Poor

 1933: Widespread bank failures.  When banks failed people Lost of their $$. People began To pull their $$ out of all banks.  March 5, 1933: Roosevelt declares “Bank Holiday”  Closes banks for 4 days.

 2 days after inauguration: close all banks for 4 days  The EBRA : Reorganized the banks. Presidential Powers over banking  Banks had to pass gov’t inspectons to reopen Next day deposits exceeded withdrawals  Restore faith in Banks to the public! HUGE!

 Informal Radio Talks  Sat next to a fireplace in White House as he spoke  Gained public Confidence!  At the end of the bank crisis, FDR reassured the American people by saying, “ it is safer to keep your $ in a bank now, than under your mattress.”

Public radio talks from Franklin Roosevelt about concerns of public issues, clearly explaining, his New Deal. 9f-MZX-58 The chats were relatable to people because it made them feel as if he was personally talking to them.

 Show: The Presidents video clip.  Introduce: New Deal Poster Assignment!  CCCFDIC  FERASEC  AAAWPA  TVASocial Security Act  NIRAWagner Act  PWACourt Packing

 FDIC  Federal Securities Act required corporations to provide complete, truthful info on all stock offerings.  Securities & Exchange Commission (SEC)  Created to reform and restore confidence in the stock market by monitoring the market and enforce laws regarding the sales of stocks and bonds.  Goal of the ND: regulate the Stock Market!  21 st Amendment – abolished 18 th Amendment. Allows gov’t to tax alcohol and raise revenue. Put people back to work making, distributing alcohol. Help get us out of the depression?  “Happy Days are Here Again”

 Agricultural Adjustment Act- Main object of the ND is to increase prices of farm products.  Tennessee Valley Authority-  Civilian Conservation Corps (Amer. Exp. Video) young single men to work building roads, parks,planting trees, helping in soil erosion and flood control projects.  National Industrial Recovery Act- Same as NRA - $ to states to build schools and other community buildings. Also: to promote industrial growth. Limited production of an industry and set prices. Workers: right to unionize and bargain collectively.  Civil Works Administration  National Recovery Administration  Home Owners Loan Corporation  National Housing Act  Federal Emergency Relief Administration- most helpful to the : unemployed, the aged and the ill.