AMERICA GETS BACK TO WORK

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AMERICA GETS BACK TO WORK THE NEW DEAL AMERICA GETS BACK TO WORK

SECTION 1: A NEW DEAL FIGHTS THE DEPRESSION The 1932 presidential election showed that Americans were clearly ready for a change Republicans re-nominated Hoover despite his low approval rating The Democrats nominated Franklin Delano Roosevelt

ROOSEVELT WINS OVERWHELMING VICTORY Democrat Roosevelt, known popularly as FDR, was a 2-term governor of New York FDR was a distant cousin of Teddy Roosevelt The Democrats also won huge victories in the house and senate Greatest Democratic victory in 80 years FDR easily won the 1932 election

FDR LAUNCHES NEW DEAL FDR promised a “new deal” for the American people He took office with a flurry of activity known as “The Hundred Days” The 100 Days lasted from March to June 1933

CONGRESS GETS BUSY FDR’s philosophy was to get people help and work through “deficit” spending During the 100 Days, Congress passed more than 15 major pieces of legislation that significantly expanded government’s role in the nation’s economy and welfare

TO DO LIST: #1- HELP BANKS First order of business was to get the banking system in order On March 5, one day after taking office, FDR declared a bank holiday He persuaded Congress to pass the Emergency Relief Act, which authorized the Treasury Department to inspect the nation’s banks

AMERICANS GAIN CONFIDENCE IN BANKS Next, FDR passed the Glass-Steagall Act which established the Federal Deposit Insurance Corporation The FDIC insured account holders up to $5,000 and set strict standards for banks to follow (today = $250,000)

MORE 100 DAYS ACTIVITY Federal Securities Act: Required stock info to be accurate and truthful Agricultural Adjustment Act: (AAA) Raised crop prices by lowering production Tennessee Valley Authority: (TVA) Focused on direct relief to hard hit area– created ambitious dam projects

TVA

ALPHABET AGENCIES CCC – Civilian Conservation Corps put young men to work Men ages 18 to 25 worked building roads, parks, planting trees (200 million trees in Dust Bowl areas) By 1942 three million men worked for the CCC

PWA workers construct a public building in Hartford, Connecticut ALPHABET AGENCIES PWA – Public Works Administration was part of the NIRA (National Industrial Recovery Act) The PWA provided money to states to construct schools and community buildings PWA workers construct a public building in Hartford, Connecticut

CWA School in Woodville, CA ALPHABET AGENCIES CWA – Civil Works Administration built 40,000 schools and provided salaries for 50,000 teachers in rural America Also built 500,000 miles of roads CWA School in Woodville, CA

Repaired business in Childersburg, Alabama ALPHABET AGENCIES FHA – Federal Housing Administration provided home loans, home mortgages and repairs Repaired business in Childersburg, Alabama

Citizens wait outside a FERA in Calipatria, CA for relief checks ALPHABET AGENCIES FERA – Federal Emergency Relief Agency provided $500 million in direct relief to the neediest Americans Citizens wait outside a FERA in Calipatria, CA for relief checks