New Deal Goals Relief for the needy Economic Recovery Financial Reform Money, food Economic Recovery Public works projects Financial Reform Banking reform, creation of social security
“It is common sense to take a method and try it “It is common sense to take a method and try it. If it fails, admit it frankly and try another. But above all, try something.” ~ Franklin Delano Roosevelt
First 100 Days March 9-June 15, 1933 15 pieces of legislation Emergency Banking Relief Act Inspecting the banks to see if they were able to re-open Fireside chats
Glass-Steagall Banking Act 1933 Created the Federal Deposit Insurance Corporation (FDIC) FDIC: provided federal insurance for bank account Reassured Americans that their money was safe in the bank
AAA Agricultural Adjustment Act Raise crop prices by lowering production How?...government would pay farmers to not plant on some of their land
CCC Civilian Conservation Corps Men, 18-25: building roads, parks, planting trees, flood-control projects $30 monthly, $25 sent home Free food and uniforms By 1942, 3 million men went through this program
FERA Federal Emergency Relief Administration $500 million to provide direct relief to the needy
PWA Public Works Administration Gave money to states to create jobs
CWA Civil Works Administration Provided 4 million immediate jobs in the winter of 1933-34 Built 40,000 schools and paid the salaries of 50,000 teachers Built roads in rural areas
NiRA National Industrial Recovery Act Promote industrial growth by establishing codes of fair practice Created the NRA Set prices for products to ensure fair competition
TVA Tennessee Valley Authority Focused on the Tennessee River Renovated dams and built new ones Created thousands of jobs, flood control, hydroelectric power
FHA Federal Housing Administration Provides loans for home mortgages and repairs
Court-Packing Cause: Supreme Court declared NIRA and AAA unconstitutional Why? Gave executive branch legislative power; agriculture should be a state/local matter and not a federal one FDR decided to add 6 more justices to the Court Effect: protest in Congress, damaged FDR’s public image…Court started supporting New Deal policies and FDR was able to appoint 7 new justices
Critics of the New Deal American Liberty League Father Coughlin Wealthy business leaders New Deal violated respect for the rights of individuals and property Accused FDR of being a dictator Father Coughlin Favored a guaranteed annual income Wanted nationalization of banks Dr. Francis Townsend FDR wasn’t doing enough for the poor and elderly