23.1 Forging a New Deal. Restoring a Nations Hope ► Roosevelt’s election prompted the 20 th Amendment “lame-duck amendment”-President would now be sworn.

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Presentation transcript:

23.1 Forging a New Deal

Restoring a Nations Hope ► Roosevelt’s election prompted the 20 th Amendment “lame-duck amendment”-President would now be sworn in on Jan. 20 instead of March. ► A second Bonus March was staged on Washington.

► This time campsites were provided for veterans and Eleanor even went to visit them- different from Hoover. ► FDR comforted the nation through his “Fireside Chats.” ► He was much more reassuring & confident than Hoover

First 100 Days ► FDR based some of the programs on work of agencies that controlled the economy through WWI. ► PURPOSE :to restore public confidence in the nation’s banks. ► March 5, 1933 ordered a “bank holiday” for four days.

► Congress then passed the Glass- Steagall Banking Act which created the FDIC. ► More people would now put money back in banks, banks could then start loaning again. ► Securities and Exchange Commission regulated the stock market-prevent another crash.

► FDR then devalued currency (took off gold standard) to promote export trade. ► Harry Hopkins directed the Federal Emergency Relief Administration-helped state relief agencies. ► Civil Works Administration-put unemployed to work on building projects.

► Civilian Conservation Corps-FDR’s favorite program employed young men to work in the outdoors. ► FDR also tried to help Native Americans-Indian Reorganization Act- ended sale of tribal lands. ► Harold Ickes directed the Public Works Administration built dams and bridges.

► Agricultural Adjustment Administration helped farmers by paying them not to plant so much. ► Raised farm prices. ► Tennessee Valley Authority- provided electricity to the poorest area of the country.

Key Players of New Deal

► Raymond Moley, Adolf A. Berle, and Rexford G. Tugwell- “brain trust.” ► FDR appointed first woman cabinet member-Frances Perkins- Secretary of Labor. ► Hired African Americans to key posts as well-Mary McLeod Bethune-advised FDR on programs that aided African Americans.

Second New Deal ► Many felt the New Deal gave too much power to the govt. ► 1935 FDR launched the Second New Deal, involved more social welfare. ► Works Progress Administration improved schools, playgrounds, etc.

► By 1930’s only 10% of rural Americans had electricity. ► Rural Electrification Administration brought that number to 25% in 4 years. ► More electricity more demand for consumer electric products, more employments etc..

► Social Security  Old-Age pensions 65<  Unemployment insurance  Aid for dependent children, blind, and disabled.

1936 Election ► Beat Republican Kansas Governor Alfred Landon in landslide. ► Carried every state but Maine and Vermont.