FRANKLIN D. ROOSEVELT And THE NEW DEAL

As he prepared to take office in 1933, FDR planned for the biggest changes in the federal government since 1787.

Roosevelt’s Inauguration

ROOSEVELT’S GOALS #1 – BUILD PUBLIC CONFIDENCE  Fireside Chats  Eleanor visited campsites of the 2 nd Bonus March  Promised a “New Deal”

#2 – STABILIZE FINANCIAL INSTITUTIONS  Bank “holidays”  Government inspection of banks  FDIC (Federal Deposit Insurance Corp.)  SEC (Securities Exchange Commission)

#3 – PROVIDE RELIEF & JOBS Started public works programs Federal Emergency Relief Agency CCC – FDR’s favorite program Works Progress Administration

#4 – REGULATING THE ECONOMY NATIONAL RECOVERY ACT ① Provided federal codes & regulations for wages, production, working conditions, etc. ② Public Works Administration built Grand Coulee Dam, bridges in NYC and Florida

ASSISTING: FARMERS AGRICULTURAL ADJUSTMENT ACT (AAA) Provided subsidies to farmers who cut production

ASSISTING: HOMEOWNERS LOW INTEREST LOANS Helped homeowners purchase/keep homes

THE SECOND NEW DEAL  Expanded government programs even more  Tennessee Valley Authority (TVA)  Public Works Administration  Social Security System

CRITICISMS OF THE NEW DEAL  Women & African Americans paid less than men  New Deal programs didn’t go far enough  Some thought the programs were socialistic  Government was taking too much responsibility  Modern day critics say the New Deal prevented economic recovery through high taxes  Criticized the deficit spending of the New Deal

LAST DAYS OF THE NEW DEAL New Deal Protections helped labor unions grow New Deal projects provided jobs for unemployed artists, musicians, writers New Deal lessened suffering during the Depression New Deal changed the way Americans thought about the role of the government and President