Roosevelt’s First New Deal

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Chapter 23 Roosevelt and the New Deal

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Presentation transcript:

Roosevelt’s First New Deal Lynn Hong and Il-jee Kam

Objective number one. Compare and contrast the first and second New Deals and evaluate the success and failure of the relief, recover, and reform measures associated with each.

New Deal Program The Rhetoric of the American Presidency. February 17, 2002. Penn State. December 9, 2008.[http://www.personal.psu.edu/t3b/courses/SpCom597Spring2002/spcom597Cspring2002syllabus.htm] Franklin D. Roosevelt’s series of programs to save American economy from depression. These series of initiatives imparted much greater degree of security, safety, stability to american life in all kinds of sectors including; banking sector investing home building, and owning, and employment

First New Deal (1933-1934) Text book Page. 751: List of Programs Emergency Banking Act (1933) Federal Deposit Insurance Corporation (1933) Agricultural Adjustment Administration (1933) Tennessee Valley Authority (1933) Civil Works Administration (1933)

People outside the bank to withdrawal money Emergency Banking Act Gave administration the right to regulate banks “Bank Holiday”- closing every bank in nation for few days to prevent massive withdrawals. FDR- To protect the civilians’ money acbarr7333, Bank Panic by Amanda Barrett. April 12, 2007. <http://flickr.com/photos/7426774@N02/457286976/> People outside the bank to withdrawal money

Federal Deposit Insurance Corporation (FDIC) kenyee. fdic circle.November 24,2004.<http://flickr.com/photos/kenyee/1683602/> Insured individual bank deposits up to $5,000

Propaganda “Protecting and ensuring Bank deposits... Since the start of the FDIC insurance program, not a single depositor has lost a single penny of insured deposit from a bank failure. Our mission to insure and protect is as vital and relevant today as ever....” rromanchuk. FDIC Propaganda. July 2, 2008. <http://flickr.com/photos/rromanchuk/2633010022/>

Agricultural Adjustment Administration (AAA) Paid farmers to reduce crops: funded by a tax on food processors; later declared unconstitutional increase purchasing power AAA pays farmers to reduce crops (wheat, corn etc) and livestock (hogs) raise farm commodities and wages induce shortage

Tennessee Valley Authority (TVA) Constructed damns and power plants to improve social and economic welfare in the region Video on Tennessee Valley Authority! Take notes as you watch!

Civil Works Administration (CWA) Employed jobless people to work on federal, state, and local projects examples*; -road construction and improvements -bridge construction and maintenance -waterway improvements -play-field and park improvements -water and sewage pipeline repairs -school maintenance projects -hospital and nursing activities -airport improvements temporary jobs. Bridge construction over the Cedar river in Barneston (March 19, 1934) *Civil Works Administration Photographs.No date.University of Washington. December 9, 2008. [http://content.lib.washington.edu/civilworksweb/index.html].

Roosevelt’s Second New Deal Sarah Lee and Michelle Lim

Objective number two. How effective was the New Deal policies and assess their arguments.

Outcomes of the First New Deal

Successful Relief Emergency Banking Act & Federal Deposit Insurance Corporation (FDIC): Reestablished American Faith in banks. The CWA: 4 million workers employed in 1933 and 1934. http://college.cengage.com/history/us/resources/students/primary/depression.htm

Successful but temporary.

Failed Recovery http://lawsandacts.com/i/laa/img0006.jpg AAA: Farmers killed off crops and livestock to adjust prices in the market. Ignored Starvation: Unconstitutional Only benefitted large farms Ignored starvation: Unconstitutional.

Quote from: http://newdeal.feri.org/nation/na34185.htm Failed Recovery: AAA “The contract should have been drawn so that the benefit payments would have been made directly to landlords and tenants in proportion to their respective interests in the crop.... Under the 1934 and 1935 contract the landlord has everything to gain and the cropper everything to lose.” - Dr. Paul W. Bruton (former AAA staff) Quote from: http://newdeal.feri.org/nation/na34185.htm

Failed Recovery How did only large-land holding farmers benefit? Production Cut Sharecroppers “Fired” Large farmers keep all government payments Poor farmers even poorer

Limited Reform Success of TVA Dams, power stations Malaria, illiteracy, soil erosion, living standards improved http://www.vw.vccs.edu/vwhansd/HIS122/Images/tva.gif

Published 1938, Mansfield, Ohio News Journal Published 1936, Kansas City Star Published 1938, Mansfield, Ohio News Journal http://newdeal.feri.org/toons/toon07.htm http://newdeal.feri.org/toons/toon14.htm

Limited Reform Civil Rights: Success and Failures African Americans: Discrimination in TVA towns. American Indians: Indian Reorganization Act (1934). Protect religious freedom and tribal property

Quick Review Program What did it do? Outcomes Effective? Emergency Banking Act “Bank Holiday” American faith in banks restored Federal Deposit Insurance Corporation Insured bank deposits Agricultural Adjustment Administration Cut down crops and livestock to adjust prices Only benefits large farms. Tennessee Valley Authority Build dams, improve living conditions Improved living conditions, but private utility companies suffer Civil Works Administration Provide jobs through federal projects Unemployment decreases, but only temporarily.