Terms for 11/13 New Deal = Roosevelt’s policies to pull USA out of depression Hundred Days = FDR’s first 100 days in office. Passed 15 major Acts to resolve crisis Fireside chats = FDR would speak directly to the american people about what the government was doing Deficit spending = to borrow money in order to pay for government programs

Warm up for 11/13 WHAT DID THE MUSIC VIDEO TEACH YOU ABOUT THE GREAT DEPRESSION? What are public works? What is direct relief? What two major strategies did president Hoover use to promote economic recovery? What did WWI veterans do to try to get their service bonuses early? How did Hoover respond to the Bonus March? How did the Bonus March affect Hoovers presidency?

THE FIRST NEW DEAL

SETTING THE STAGE FRANKLIN DELANO ROOSEVELT WAS ELECTED PRESIDENT IN 1932, FOLLOWING HIS PROMISE OF A “NEW DEAL” FOR AMERICANS. IN HIS FIRST 100 DAYS IN OFFICE, HE LET LOOSE A FLOOD OF LEGISLATION DESIGNED TO RESCUE BANKS, INDUSTRY, AND AGRICULTURE AND PROVIDE JOBS FOR THE UNEMPLOYED.

ROOSEVELT’S RISE TO POWER ROOSEVELT WAS A DISTANT COUSIN OF TR BORN INTO A WEALTHY FAMILY, HE GRADUATED FROM HARVARD AND COLUMBIA LAW SCHOOL. HIS EARLY POLITICAL CAREER WAS A WILD SUCCESS AFTER BEING STRICKEN WITH POLIO IN 1921, ELEANOR ROOSEVELT KEPT HIS CAREER ALIVE WHILE HE RECOVERED BY 1928, FDR WAS ACTIVE IN POLITICS AGAIN = GOVERNOR OF NY = OVERSAW CREATION OF A RELIEF AGENCY HIS POPULARITY PAVED WAY TO PRESIDENCY, WINNING 1932 ELECTION BY A LANDSLIDE

THE HUNDRED DAYS ROOSEVELT BEGAN HIS TERM BY SENDING BILL AFTER BILL TO CONGRESS DURING THE FIRST 3 MONTHS, CONGRESS PASSED 15 MAJOR ACTS TO ATTACK THE ECONOMIC CRISIS = hundred days

BANKS AND DEBT RELIEF FDR REALIZED HE MUST RESTORE PEOPLE CONFIDENCE IN BANKS HE DECLARED A NATIONAL BANK HOLIDAY TO PREVENT BANK RUNS, THEN CALLED A SPECIAL SESSION IN CONGRES HOUSE AND SENATE PASSED THE EMERGENCY BANKING RELIEF ACT = FEDS WOULD LICENSE ONLY HEALTHY BANKS

BANKS AND DEBT RELIEF - CONTINUED ON MARCH 12, FDR ADDRESSED THE NATION ON THE RADIO IN THE FIRST OF MANY “FIRESIDE CHATS” THE NEXT DAY THERE WERE FAR MORE BANK DEPOSITS THAN WITHDRAWALS FDR PUSHED FOR REGULATION OF BANKS AND STOCK MARKET = SECURITES ACT OF 1933 = COMPANIES MUST BE TRUTHFUL W/ INVESTORS GLASS-STEAGALL BANKING ACT = CREATED FDIC = INSURED BANK DEPOSITS TO A SET AMOUNT HOMEOWNERS LOAN CORPORATION = HELP PEOPLE PAY MORTGAGES FARM CREDIT ADMINISTRATION TO HELP FARMERS REFINANCE MORTGAGES

FARMS AND INDUSTRY GOVERNMENT PAID FARMERS NOT TO RAISE CERTAIN LIVESTOCK AND CROPS TO RAISE PRICES = AGRICULTURAL ADJUSTMENT ADMINISTRATION NATIONAL INDUSTRIAL RECOVERY ACT = SUSPENDED ANTI- TRUST LAWS THE NATIONAL RECOVERY ADMINISTRATION RAN PROGRAM, EVENTUALLY RULED UNCONSTITUTIONAL

RELIEF PROGRAMS RELIEF PROGRAMS MEANT TO GET MONEY IN THE HANDS OF INDIVIDUALS= CIVILIAN CONSERVATION CORPS = HIRED MEN TO PLANT TREES, FIIGHT FOREST FIRES, BUILD RESERVOIRS FEDERAL EMERGENCY RELIEF ADMINISTRATION = PROVIDED FED. MONEY TO STATE AND LOCAL GOV PUBLIC WORKS ADMINISTRATION = BUILD HIGHWAYS, DAMS, SEWER SYSTEMS, SCHOOLS, BUILDINGS CIVIL WORKS ADMINISTRATION = PLACED WORKERS DIRECTLY UNDER FEDERAL PAYROLL NEW DEAL PROGRAMS INSPIRED HOPE AND RESTORED FAITH IN OUR COUNTRY!!!! DID NOT END DEPRESSION!!!!

reflection What ailment did FDR suffer from? What was FDR’s plan called to combat the Great Depression? How would you define the New Deal….what did the New Deal call for and attempt to do? What actions did FDR take during the Hundred Days? How did FDR restore peoples confidence in Banks? How did the government regulate the stock market? How did the AAA affect farm prices? What does deficit spending mean?