1. FDR’s New Deal

2. Essential Questions
How did FDR’s response to the Great Depression differ from Hoover’s response?

3. President Herbert Hoover
Conservative
Belief in the associative state (Hoover Dam)
Created the Reconstruction Finance Corporation
Provided loans to financial institutions
Bonus Army fiasco
Loses reelection

4. Who is Franklin Roosevelt ?
Distant relative of Teddy Roosevelt
Disabled from Polio as a young politician
Became governor of NY in 1929
1932 campaign promised public works programs
Won 57% of popular vote and electoral votes in all but six states
Became 32nd president

5. Who is Franklin Roosevelt?
Known for his fireside chats
Ideological philosophy: liberal that believed in gov’t intervention to help alleviate suffering
Power team: wife Eleanor Roosevelt

6. Roosevelt Helps the Banks
Roosevelt declared a bank holiday
Pushed through Emergency Banking Act – gave gov’t the power to review stability of banks
FDR boosts public confidence in banks again
Glass Steagall Act created the Federal Deposit Insurance Corporation (FDIC) – gov’t insurance for deposits

7. First Hundred Days of the New Deal
The First Hundred Days is FDR’s first 100 days in office in which he implemented parts of his New Deal program
New Deal Priorities
Relief for suffering
Recovery of the economy
Reforms to prevent future crisis

8. Alphabet Soup
Long list of programs which aimed to ease the GD through R, R, and R.
Examples: CCC, WPA, AAA, TVA, PWA, SSA, etc.

9. Civilian Conservation Corps (CCC)
Passed March 1933
Put men age back to work
Conservation projects like planting trees, improving parks
Lived in army style camps
Sent most of their money back to their families

10. Agricultural Adjustment Act (AAA)
Government gives $ to farmers to decrease supply

11. National Industrial Recovery Act (NIRA)
Gov’t mandates businesses in the same industry set prices and levels of production
NRA encourages minimum wage, maximum work weeks

12. Federal Securities Act
Companies must share financial information with public
This helps investors make wise decisions
Securities and Exchange Commission (SEC) to watch stock market

13. Talk to your neighbor:
How did President Hoover respond to the Great Depression?
How were the programs that were implemented as part of FDR’s New Deal beneficial for Americans?

14. Tennessee Valley Authority (TVA)
Built dams along the Tennessee River
Dams controlled floods, aided navigation and shipping along the river and provided hydroelectric power

15. Second New Deal WPA or Works Progress Administration
Built roads, subways, airports, zoos
Worked in offices, schools, museums, factories
Recorded oral histories
Funded efforts of artists, writers, composers, actors
At its peak employed 3.4 million

18. Social Security Act Regular payments for people 65 and older
FDR signing the Social Security Act

20. Rural Electrification Act (REA)
Gov’t loaned money to groups trying to bring electricity to rural areas

21. FDR Reelected by Landside in 1936
Courts beginning to strike down parts of New Deal as unconstitutional but FDR still popular
Unemployment still high but cut in ½
Corporate earnings steadily climbing
Significant election: shift in Af-Am voters

22. The Troubled Court Packing Plan
FDR was frustrated courts had stuck down several New Deal Programs
Told the Congress of his plan to appoint new judges and expand the supreme court to make it more efficient
Most people saw this as an attempt to “pack the court” and ruin the balance of the Separation of Powers
Fortunately for FDR, Supreme Court began ruling in favor of New Deal programs

26. Don’t forget your summary!