Aim #65: How did Roosevelt’s New Deal attempt to fix the problems of the depression? Do now! Read FDR’s Inaugural Address and answer the accompanying questions MEMBERS OF THE “J-PROM PARTY” FDR might have been great, but he’ll never be Chin, Passes, Tsimis and Pullano great “hey how are you”

(I) Election of 1932 a.Hoover loses reelection to FDR (Democratic) 1.Promises “New Deal”, but no clear plan laid out 2.frustration with limited response by federal government brings FDR victory b. What do you need to know about FDR? 1.Drastically increased the size and power of the federal govt. and the presidency 2.Elected to 4 terms of office (dies in 4 th term) 3.Married to Eleanor: most active 1 st lady in US history (wrote newspaper columns, gave speeches, fought for rights of underprivileged)

(II) The New Deal a.Not an organized, preplanned set of programs b.New laws, programs and agencies (alphabet agencies) created by federal government marked by willingness to experiment c. The 3Rs 1.relief: for people struggling 2.recovery: for the economy 3.reform: changing American institutions to prevent future Depressions d. “fireside chats”: used the radio to communicate to the people e. nominated most diverse cabinet in history 1.1 st woman Secretary of Labor: Frances Perkins Note: reference to 1 st New Deal: 1 st 2 years of office; 2 nd Deal COMPLETE THE NEW DEAL PROGRAM ACTIVITY WITH A PARTNER You can’t tell from my expression, but I am honored to be the 1 st woman cabinet member! #winning

Question: What is the point of view of both cartoons?

(III) Financial Recovery Programs a.“Bank Holiday”: FDR wants to restore confidence 1.Emergency Banking Relief Act: only banks that were financially stable could reopen 2.Glass-Steagall Act: regulated banks and established the Federal Deposit Insurance Corporation (FDIC) which insured bank deposits (at the time up to $2,500, now $250,000) 3.Securities and Exchange Act (SEC) regulate stock market and stop speculation 4.Homeowners Loan Corporation: low interest refinancing to prevent foreclosures 5.Farm Credit Admin: low interest loans to farmers

IV. Unemployment Relief (JOBS!) a.About 25% of population was unemployed in 1933 b.“pump priming”: federal govt provides people with jobs and $, people spend the $, creates demand for good and increased economic production c.Federal Emergency Relief Act: federal $ to states to run soup kitchens (see handout) d.Civilian Conservation Corp (see chart) e.Public Works Administration (see chart) f.Tennessee Valley Authority (see chart)

V. Industrial and Agricultural Recovery a.National Recovery Act (NRA): (on handout) 1.Set codes for wages, hours, levels of production and prices for finished goods 2.Gave workers right to organize (form unions) 3.Schechter vs. US: NRA declared unconstitutional by Supreme Court b. Agriculture Adjustment Act (on handout; also declared unconstitutional by Court)