Unit 5 Section 12 The New Deal TYWL: Global interaction may be caused by conflict. / Forces of imperialism, nationalism, militarism and geo-political alliances, taken to the extreme, can lead to international conflicts. / Nationalism and the quest for power are often underlying causes for war. / Conflict occurs when compromise over land, national identity and colonial possessions is no longer an option between those in authority and those they serve. /
FDR as President Roosevelt wins in a landslide After election, builds “Brain Trust,” group of advisors to help fix problems of Depression Wife Eleanor plays a key role in agenda At inauguration in March, 1933, famously declares that “the only thing we have to fear is, fear itself,” as a country.
First Hundred Days FDR launches period of intense activity to address Depression issues: First step – reform banking March 5th bank holiday Fireside Chat (first of many) to reassure public FDR as master of public relations (radio) Passage of Glass-Steagall Act Establishes FDIC to insure deposits SEC to regulate stock market
New Deal Programs Prohibition repealed in 1933 (21st Amendment) Helping Rural Areas: AAA – Agriculture Adjustment Act TVA – Tennessee Valley Authority Creating Immediate Jobs: CCC – Civilian Conservation Corps PWA - Public Works Administration Business and Banking: NRA – National Recovery Administration FDIC, SEC
New Deal Programs Other important programs: CWA – Civil Works Administration
New Deal Critics Programs offer relief, but by 1935, economy still struggling Criticism over DEFICIT SPENDING to “prime pump” of the economy Some believe government must do more: Father Charles Coughlin – wants to tax wealthy more heavily Huey Long – Senator from Louisiana, wants to level income – “every man a king” Francis Townsend – Demands income for elderly
Court Packing Conservatives on Supreme Court strike down some New Deal programs, including AAA 1937, Roosevelt fears court will dismantle New Deal, asks Congress to reform court, allow 6 more justices to be appointed 1
Court Packing “Court Packing” bill causes controversy and anger in public and press Threat to checks and balances of Constitution Retirements eventually allow FDR more appointments, secures programs 2
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