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Franklin D. Roosevelt
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Add to your President Chart Franklin D. Roosevelt Franklin D. Roosevelt #32 #32 1933 – 1945 1933 – 1945 The New Deal, WWII The New Deal, WWII
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Terms New Deal – relief, recovery & reform New Deal – relief, recovery & reform Hundred Days- first days in office, passed 15 acts to stop economic crisis Hundred Days- first days in office, passed 15 acts to stop economic crisis Fireside chats – used to calm U.S. citizens Fireside chats – used to calm U.S. citizens
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SEC Securities and Exchange Commission – regulated the stock market and prevented fraud Securities and Exchange Commission – regulated the stock market and prevented fraud
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FDIC Federal Deposit Insurance Corporation – provided government insurance for bank deposits Federal Deposit Insurance Corporation – provided government insurance for bank deposits
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AAA Agricultural Adjustment Administration – paid farmers to reduce their production and NOT raise livestock and produce crops Agricultural Adjustment Administration – paid farmers to reduce their production and NOT raise livestock and produce crops
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NIRA National Industrial Recovery Act – set up codes for fair competition such as prices, minimum wages, and shortening work days, NOT EFFECTIVE National Industrial Recovery Act – set up codes for fair competition such as prices, minimum wages, and shortening work days, NOT EFFECTIVE
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HOLC Home Owners’ Loan Corporation – bought mortgages of working people who were behind on their payments Home Owners’ Loan Corporation – bought mortgages of working people who were behind on their payments
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FCA Farm Credit Administration – helped farmers refinance their mortgages Farm Credit Administration – helped farmers refinance their mortgages
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CCC Civilian Conservation Corps (CCC) – working with the national forestry service and planted trees, built reservoirs Civilian Conservation Corps (CCC) – working with the national forestry service and planted trees, built reservoirs
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FERA Federal Emergency Relief Administration – gave money directly to state and local agencies Federal Emergency Relief Administration – gave money directly to state and local agencies
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PWA Public Works Administration – gave construction jobs to build highways, dams, sewer system, waterworks Public Works Administration – gave construction jobs to build highways, dams, sewer system, waterworks
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CWA Civil Works Administration – many women given direct jobs with the government, built airports, schools, playgrounds, parks and playing fields Civil Works Administration – many women given direct jobs with the government, built airports, schools, playgrounds, parks and playing fields
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Four questions 1. Who did FDR seek out for advice? 1. Who did FDR seek out for advice? 2. Was the New Deal a continuation of the Progressive era? 2. Was the New Deal a continuation of the Progressive era? 3. How much did the FDIC guarantee? 3. How much did the FDIC guarantee? 4. What were the two major criticisms to the New Deal? 4. What were the two major criticisms to the New Deal?
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Answers 1. Business people and academics, the “Brain Trust”. 1. Business people and academics, the “Brain Trust”. 2. Opinion 2. Opinion 3. Deposits up to $5000 3. Deposits up to $5000 4. Some believed he took on too much power. Others said he didn’t do enough. 4. Some believed he took on too much power. Others said he didn’t do enough.
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Bank Holiday When FDR closed banks and sent government workers to check the banks books and only allow them to reopen if they were solvent. When FDR closed banks and sent government workers to check the banks books and only allow them to reopen if they were solvent.
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Deficit Spending Spending money you don’t have Spending money you don’t have Economist- John Maynard Keynes Economist- John Maynard Keynes Government must spend money to get out of the depression. Government must spend money to get out of the depression.
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Social Security Act Money set aside for those that have worked their entire lives towards their retirement Money set aside for those that have worked their entire lives towards their retirement
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Sit-down Strike When workers go to their place of work and sit (not work) so that they interrupt the production When workers go to their place of work and sit (not work) so that they interrupt the production
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Binding Arbitration When two sides of an argument agree to a third party’s decision When two sides of an argument agree to a third party’s decision
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Second New Deal Second round of acts to get the US out of the depression Second round of acts to get the US out of the depression Frances Perkins – the first female Cabinet member appointed by FDR Frances Perkins – the first female Cabinet member appointed by FDR
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