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FDR & New Deal fight the Depression Copy notes page 31
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Essential Question What are the THREE main goals of the New Deal AND explain how FDR used the power of the gov’t to make change? What are the THREE main goals of the New Deal AND explain how FDR used the power of the gov’t to make change?
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1932 Americans ready for a change Franklin Delano Roosevelt beat Hoover in a landslide 1932 Americans ready for a change Franklin Delano Roosevelt beat Hoover in a landslide FDR planned programs to help end depression= The New Deal FDR planned programs to help end depression= The New Deal Had 3 goals: Had 3 goals: 1) Relief for needy 2) Economic Recovery 3) Financial Reform
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FDR first 100 days in office, Congress was able to passed many important laws that expanded the government’s role in economy FDR first 100 days in office, Congress was able to passed many important laws that expanded the government’s role in economy FDR closes the banks with a “bank holiday” Emergency Banking Relief Act allows healthy banks to reopen gets people to trust banks again FDR closes the banks with a “bank holiday” Emergency Banking Relief Act allows healthy banks to reopen gets people to trust banks again Glass-Steagall Act created the FDIC = protects people’s savings accounts Glass-Steagall Act created the FDIC = protects people’s savings accounts
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FDR financed the New Deal through deficit spending= spending more money than gov’t receives in revenue FDR financed the New Deal through deficit spending= spending more money than gov’t receives in revenue Some liberals said it didn’t do enough to help poor, some conservatives say gives gov’t too much control over farms & businesses Some liberals said it didn’t do enough to help poor, some conservatives say gives gov’t too much control over farms & businesses Supreme Court finds 2 parts of the New Deal unconstitutional (NIRA & AAA)- FDR tries to “pack the court” Supreme Court finds 2 parts of the New Deal unconstitutional (NIRA & AAA)- FDR tries to “pack the court”
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Three big critics of FDR: Three big critics of FDR: Father Charles Coughlin Father Charles Coughlin Francis Townsend Francis Townsend Senator Huey Long Senator Huey Long
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FDR spoke directly to the American people in radio talks called fireside chats FDR spoke directly to the American people in radio talks called fireside chats He explained the New Deal measures and asked for public support He explained the New Deal measures and asked for public support Restored the nation’s confidence in the president Restored the nation’s confidence in the president
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