1. Section 1 A New Deal Fights the Depression
Chapter 15 The New Deal
Section 1
A New Deal Fights the Depression

2. I. Americans get a New Deal

3. Electing Franklin Delano Roosevelt
Democrats nominate NY governor Franklin Delano Roosevelt — reform-minded; projects friendliness, confidence
Democrats overwhelmingly win presidency, Senate, House

5. Waiting for Roosevelt to Take Over
With “Brain Trust,” FDR formulates policies to alleviate problems.
New Deal—relief for needy, economic recovery, financial reform, and regulate the stock market.

6. New Deal Coalition – Rural Democrats African Americans
Unionized industrial workers

7. The Hundred Days
1st Major action as president – he closed all of the nation’s banks and ordered inspections.
FDR passes over 15 major New Deal laws.

8. Emergency Banking Relief Act – this provided for bank inspections by the Treasury Department.
A means for making federal loans to solid banks.

9. An Important Fireside Chat
FDR gives fireside chats—radio talks explaining New Deal measures
First chat discusses need for public support of government, banks

10. Regulating Banking and Finance
Glass-Steagall Act establishes Federal Deposit Insurance Corporation (FDIC).
— insures / protects individual bank accounts.

11. Federal Securities Act—companies must give complete and truthful information on stocks
Securities and Exchange Commission created to regulate stock market and monitor the stock market.

12. 21st Amendment repeals prohibition by end of 1933

13. II. Helping the American People

14. Rural Assistance
Agricultural Adjustment Act (AAA) main obj – to raise prices of farm goods by decreasing farm surpluses.
Supreme Court ruled that the AAA was unconstitutional on the grounds that it was a state issue rather a federal.

15. Tennessee Valley Authority (TVA) – rebuilt dams and provided electricity to the impoverished South.

17. Providing Work Projects
Civilian Conservation Corps (CCC)—public works jobs for young - single men.
CCC reflected FDR’s concern for the natural environment.

18. Public Works Administration (PWA)—money to states to create jobs

19. Civil Works Administration (CWA) builds rural schools, pays teachers

20. Promoting Fair Practices
Nation Industrial Recovery Act (NIRA) establishes codes of fair practice for industries. (Supreme Court found unconstitutional)
— creates National Recovery Administration (NRA)
NRA sets standards, prices, limits production

21. Food, Clothing, and Shelter
Home Owners Loan Corporation (HOLC) gives loans to prevent foreclosures

22. Federal Housing Administration (FHA) gives loans for mortgages, repairs

23. Federal Emergency Relief Administration (FERA)—direct relief to needy.
Most helpful to the unemployed, the aged, and the ill.

24. III. The New Deal Comes Under Attack

25. Opposition to the New Deal
Deficit spending—spending more money than government takes in. (national debt reached a new high)
— funds New Deal

26. Liberals
New Deal does not do enough to help poor, fix economy

27. Conservatives
New Deal used to control business, socialize economy

28. The Supreme Court Reacts
Supreme Court strikes down NIRA.
FDR proposes “Court-packing bill”; Congress, press protest. (FDR proposed law failed to become law)

29. Starting in 1937, justices retire; FDR appoints seven new ones

30. Three Fiery Critics
# 1 - Father Charles Coughlin withdraws initial support of New Deal
— wants guaranteed income, banks nationalized

31. # 2 - Dr. Francis Townsend devises pension plan for elderly

32. # 3 - Presidential hopeful, Senator Huey Long claimed that the New Deal policies were inadequate and proposed his popular social program – Share – Our – Wealth.