Relief, Recovery, Reform

  Franklin D. Roosevelt defeats Herbert Hoover  FDR promised government involvement towards the economic recovery efforts  Hoover was not in favor of this  Creates and helps pass the NEW DEAL  2 “New Deals” were passed during his presidency Election of 1932

  Purpose was to create “relief, recovery, and reform” for the American people and its economy  Focused on specific areas of weaknesses and created policies to address these weaknesses The New Deal

 Banking  Emergency Banking Act (1933)  Federal Deposit Insurance Corporation  Closed all banks  Couldn’t reopen until they had passed a test to prove they would stay open  Gave citizens insurance on their bank accounts in case a bank closed again

 Stock Market  Securities and Exchange Commission  Created to oversee the stock market to make sure that all trades are fair and info is accurate to the public

 Energy and Farming  Agricultural Adjustment Act  Tennessee Valley Authority  Regulated a farmer’s crop output  Helped raise the price on crops  Supplied energy to Mid- West by building power lines, plants, dams

 Working Conditions  National Recovery Administration  National Labor Relations Act  Set standards in the work place for…  Minimum Wage  Max Weekly Working Hours  Working Conditions  Gave protection to labor unions

 Unemployment  Social Security Act  Money benefits to citizens once they reach a certain age  Benefits for disabled

 Unemployment  Works Progress Administration (WPA)  Public Works Administration (PWA)  Civil Conservation Corps (CCC)  Hired unemployed citizens…  To build bridges and roads  Build schools and hospitals  Paint and create murals  Write books and take pictures  Create hiking trails  Fight forest fires

  25% unemployment by 1932  Citizens began living in makeshift shanty towns in public areas  Hoovervilles  Named after Pres. Hoover who was blamed for the loss of people’s homes  Breadlines and Soup Kitchens Why The Need For These Programs?