Chapter 23 Section 2 Mr. Love US HIS Game Day

The Hundred Days Begins  Between March 9 and June 16, 1933, referred to as the ____ ____, Roosevelt sent many bills to Congress. Congress passed 15 major acts to help the economic crisis. These programs made up the first New Deal.  Hundred Days  To generate new ideas and New Deal programs, Roosevelt put together a group of ____ in the field of academia, business, agriculture, government, law and social work.  advisors

Fixing the Bank and Stock Market  When FDR took office, he knew the first thing he needed to do was to restore confidence in the _______ system.  Banking  He first called for a ____ _____ ____ and closed all banks for a week.  National banking holiday

Fixing the Bank and Stock Market  He then called Congress into a ___ ___.  Special Session  Congress passed the ____ ____ _____ Act, which required federal examiners to survey the nation’s banks and issue Treasury Department licenses to financially sound banks.  Emergency banking relief

Fixing the Bank and Stock Market  In FDR’s first, “______ ______”, where he spoke on the radio directly to the people, he assured Americans that the banks were now secure. The following day deposits in every city outweighed withdrawals, ending the banking crisis.  Fireside Chat  Under the ________ ________ of 1933, companies that sold stocks and bonds had to provide complete and truthful information to investors.  Securities Act

Fixing the Bank and Stock Market  The _____ and _____ Commission was created to regulate the stock market and prevent fraud.  Securities and Exchange  The ___-____ Act separated commercial and investment banking.  Glass-Steagall  The act also created the _____ ____ ___ Corporation that provided government insurance for bank deposits up to a certain amount.  Federal Deposit Insurance

Managing Farms and Industry  FDR asked Congress to pass the ___ ___ Act – a plan that paid farmers not to raise certain crops to lower crop production.  Agriculture Adjustment Act  The ___ ___ Administration urged consumers to buy only from companies who sign on to “codes for fair competition”. This administration was later found to be unconstitutional by the Supreme Court in  National Recovery

Providing Debt Relief  The __ __ __ Corporation bought the mortgages of homeowners behind on payments and restructured them with longer terms of repayment so they paid less interest.  Home Owners Loan  The ___ ___Administration was established to help farmers refinance their mortgages as well.  Farm Credit

Spending and Relief Programs  The _______ _________ _________ gave unemployed men aged 18 to 25 the opportunity to work with the National Forestry Service planting trees, fighting forest fires, and building reservoirs. By the time it closed, it had employed three million men.  Civilian Conservation Corps  The ____ _____ ____ Administration was created to channel money to help state and local agencies fund relief projects.  Federal Emergency Relief

Spending and Relief Programs  In 1933, Congress authorized the ____ ____ Administration to begin a series of construction projects, creating additional jobs.  Public Works

FDR  The most important aspect of Roosevelt’s New Deal was the change in the spirit of the American people. People became hopeful and optimistic, and their faith in America was restored.