The Election of 1932 & The New Deal

Election Results Roosevelt won by a landslide in the election of 1932 FDR received 23 million votes, compared to Hoover who received 16 million FDR won electoral votes from all of the states except from 6 in the Northeast - WHY?

New Deal In March, 1933, FDR (Franklin Delano Roosevelt) was inaugurated into the presidency Roosevelt formulated a program known as the “New Deal” The name was taken from a phrase in one of FDR’s speeches in which he promised a “new deal for the American people” i.e. **FRESH START**

New Deal Three goals of the New Deal –Relief for the needy-(LIKE WELFARE) –Economic Recovery-(“FIX” SYSTEMS-i.e. banks) –Financial Reform-(CHANGE)

Hundred Days Upon taking office, FDR launched into a period of intense activity, known as the Hundred Days (March 9, 1933-June 16, 1933). During this time, Congress passed 15 major pieces of legislation, which expanded the role of the Federal government in the nation’s economy.

Bank Reform Roosevelt’s first step as president was to institute banking and finance reforms FDR established the first Bank Holiday. He closed all banks to prevent future withdrawals. Congress then passed the Emergency Banking Relief Act to inspect banks. Those that were sound remained open, and those that could not pay debts closed.

Fireside Chats On March 12, the day before banks were to reopen, FDR gave his first fireside chat Fireside Chats were radio talks the FDR gave occasionally about issues of public concern These “chats” made Americans feel as if the president were directly talking to them