The New Deal.

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Presentation transcript:

The New Deal

FDR’s New Deal The First 100 Days Sweeps elections; 23M to 16M Senate Dems take 2/3 majority House—3/4 seats “Brain Trust” forms New Deal GOALS: Relief for needy Economic recovery Financial reform The First 100 Days March through June, 1933 15 key pieces of New Deal Legislation Inspire confidence in US economic system Fireside Chats Reform economy, especially banking and agriculture

The First 100 Days Banking Industry Agriculture Establishes bank holiday—Emergency Banking Relief Act Glass-Steagall Act and the FDIC Federal Securities Act Securities Exchange Commission 21st Amendment repeals Prohibition Agriculture Agricultural Adjustment Act Tennessee Valley Authority Federal Securities Act Civilian Conservation Corps Work Projects and Civilian Relief National Industrial Recovery Act—Public Works Administration Civil Works Administration Federal Securities Act Securities Exchange Commission 21st Amendment repeals Prohibition Home Owners Loan Corp.; National Housing Act—Federal Housing Administration Federal Emergency Relief Administration

The Second 100 Days Agriculture Work Projects Administration 1936 elections = vote of confidence Gains support of Labor and African-Americans Agriculture AAA evolves—Soil Conservation and Domestic Allotment Act 1938: Second AAA Farm Security Administration: tenant farmers Work Projects Administration 1935-1943: $11B on jobs for 8M Federal Arts Project Combines necessary infrastructure with dignity of work