Chapter 23 - Section 2 The New Deal Fights the Depression

Who is FDR? Wealthy New Yorker who was a distant relation to TR Also served as Asst. Sec. of Navy Ran for V.P. in 1920, but Democrats lost! (Remember Harding?) Struck with Polio in 1921 Fought long and hard to overcome disability Elected Governor of NY in 1928 Elected President in 1932 and wins 4 times in a row!

Roosevelt’s first move as president - Emergency Banking Relief Act (EBRA) Immediate Long-term goal Authorized the Treasury Department to inspect and close banks. To restore public confidence in banks.

FDR and the “brain trust” come up with three main ideas: Relief (weird green) Recovery (blue) Reform (brown)

Federal Emergency Relief Administration (FERA) Purpose – Set money aside for states so that they could open back up relief agencies for the needy.

Civilian Conservation Corps (CCC) Long-term To reduce unemployment Immediate Put young men to work on road-building and conservation projects

Agricultural Adjustment Act (AAA) Long-term Raise crop prices (and, thus farm income) Immediate Paid farmers to lower production

Works Progress Administration (WPA) The government put people to work repairing bridges, public buildings (like post offices), building roads and airports and even hired writers and artists to write and paint.

National Recovery Administration(NRA) Purpose – Keep prices for goods the same while putting more people back to work and allowing them to earn more income. Accomplishments – established a minimum wage, stopped child labor, and kept wages and prices on an even keel. Failure – Did not fix the economy!

Public Works Administration (WPA) http://aphistory2010.yolasite.com/ch25.php

Tennessee Valley Authority (TVA) Effects Programs protecting the nation’s natural resources, including farmland Prevention of floods and dust storms More national parks and wildlife refugees pollution

Truth-in-Securities Act Immediate Required corporations to provide complete information on all stock offerings Long-term To restore public confidence in the stock market

Glass-Steagall Banking Act of 1933 which created the FDIC Immediate Long-Term To restore public confidence in banks

Federal Power Commission (FPC) Purpose – Helped control the oil and gas companies. Also made the power of the (FDA) Food and Drug Administration more powerful.

Opposition to the New Deal http://aphistory2010.yolasite.com/ch25.php Opposition to the New Deal http://aphistory2010.yolasite.com/ch25.php

Click here to see an interactive map of all of the New Deal projects that took place all over the country!