How did President F.D. Roosevelt Try to Fight the Great Depression? U. S. History & Government 11th Grade Boys/Girls 24 November 2018

Do Now Name a few actions done by President Herbert Hoover to address Great Depression and explain why were they not successful? [3 Minutes]

FDR’s Goals in Alleviating Great Depression 1932 Election Democratic Candidate FDR won the presidency Democrats also gained control of the Congress with a large majority FDR & his advisors planned programs – The New Deal – to solve the economic problem, with following goals To provide relief for the needy To have economic recovery To do financial reform

Main Programs Important laws to expand federal government’s power Declared “Bank Holiday” – “Emergency Banking Relief Act” was passed Glass-Steagall Act established FDIC

Federal Securities Act was Passed Companies had to provide accurate information about their stocks Securities and Exchange Commission (SEC) was set up Direct talk with people “Fireside Chats”

Providing Help to People Agricultural Adjustment Act (AAA) was passed TVA was set up Civilian Conservation Corps (CCC) was established Federal Emergency Relief Administration (FERA) provided direct relief. National Industrial Recovery Act (NIRA) passed

The National Industrial Recovery Act (NIRA) Created Public Works Administration (PWA) Guaranteed workers’ right to organize unions Set up National Recovery Administrations (NRA) Home Owners’ Loan Corporation (HOLC)

Critiques of New Deal New Deal was funded by “Deficit Spending” Supreme Court’s Unfavorable Reaction Individual Critiques: Charles Coughlin Francis Townsend Huey Long

Roosevelt wanted his supporters to be in the Court. Supreme Court found two important parts of new deal unconstitutional: NIRA & AAA Roosevelt wanted his supporters to be in the Court. Three Main Critiques Father Charles Coughlin, a Roman Catholic Priest: Guaranteed income and Nationalization of Banks Dr. Francis Townsend – proposed pension plan for the elderly Senator Huey Long of Louisiana Proposed a program called “Share Our Wealth”

Homework Questions 1, 3 & 4 on page 700

The Lasting Impact of New Deal Effects on the Government: Gave greater role to the federal government and the president to shape the country’s economy. It had lasting impact on worker’s rights, banking and investment The following organizations still function: NLRB, FDIC and SEC.

Social and Environmental Impact The economy became more stable Social security system became one lasting impact – for the first time the federal government took charge of people’s welfare. Loans for farmers – Second Agricultural Adjustment Act TVA helped environment