The New Deal

Election of 1932 FDR won 42 states, received 23 million popular votes, and 472 electoral votes Hoover received 16 million popular votes and won only 59 electoral votes Both the House and Senate were swept over with Democratic victories With Congresses backing, FDR was confident to pass his new legislation

FDR Served as NY gov. from 1929-1932 Married his distant cousin Eleanor Roosevelt Suffered from Polio and it led to paralysis from the legs waist down Won 4 elections and served from 1932 until his death in 1945 PRO: Helped lead us through the Great Depression and WWII CON: Led us into debt with socialist programs

Hundred Days This was the name given to FDR’s plan to pass all New Deal legislation in 100 days Brain Trust: Pres. Roosevelt’s advisors Bank Holiday: Day after inauguration FDR declared that all banks would close to prevent massive withdrawals

FDIC FDIC = Federal Deposit Insurance Corporation The FDIC insured that each bank account could be refunded up to $2,500 Today, the FDIC insures up to $100,000 per account This greatly increased customer trust in the banking system

NIRA NIRA = National Industrial Recovery Act Designed to stimulate economy by stabilizing prices, raising wages, limiting worker hours, and providing jobs NIRA created the Public Works Administration and National Recovery Administration Found to be unconstitutional

PWA PWA = Public Works Administration Created by NIRA, the PWA led to the creation/construction of roads and public buildings 34,000 different projects were undertaken

WPA WPA= Works Progress Administration Created in the wake of the CWA Employed 14 million people Built 100,000 public buildings, 78,000 bridges, 500,000 miles of roads, and 350 airports

Social Security Act The SSA had 3 major divisions… 1) Provide unemployment insurance to those who lost jobs 2) Provide pensions for retired workers over 65 3) Provided payments to the blind, elderly, and to wives and children of a male worker who died

Legacy of New Deal Right Wing: Conservative response would be that it turned the US into a socialist state started the trend of deficit spending Court-Packing Bill: FDR proposed to add a new member to the USSC for each member that was 70 threatening a system of checks and balances Inflation: Rise in prices despite a decrease in purchasing power Left Wing: Liberal response would be that it helped end the depression and strengthen faith in the government by providing relief, reform, and recovery WWII led to the end of the depression