1. Roosevelt’s Solutions
Attempts to Start the Economy

2. First 100 Days
In the first 100 days of Roosevelt’s administration, Congress passed 15 major pieces of legislation.

3. Dealing with the Banking Crisis
The first thing that Roosevelt did was declare a Bank Holiday.
People were running to pull their money out of banks, which caused them to fail.

4. Restoring Faith in the Banks
It closed all the banks in the country and allowed only the strong ones to reopen.
The ones that were going to fail anyway, never reopened.
Roosevelt hoped that this would restore peoples trust in the banks.

5. Other New Deal Acts Banking Act Federal Securities Act
Agricultural Adjustment Act
Civilian Conservation Corps
National Industrial Recovery Act
Created the National Recovery Administration

6. Financial Reforms
Federal Deposit Insurance Corporation – insured bank deposits up to $5000
Securities and Exchange Commission – regulated the stock market

7. AAA – Agricultural Adjustment Act
Paid farmers to grow less crops – this slowed overproduction and prices start to go up.

8. TVA – Tennessee Valley Authority
Built hydroelectric dams that created big lakes, jobs, and brought electricity to a really poor part of the country.

9. CCC Civilian Conservation Corps
Provided jobs for young men building parks and doing conservation projects
Kind of like the military
They workers got some of the money and some was sent home to their families

10. CWA / PWA Provided jobs working on public projects.
Built parks (Burdette), Schools, Government buildings, Bridges, Roads, and more….

11. Roosevelt’s Critics
Father Charles Coughlin – catholic priest from Detroit
Wanted guaranteed annual income and nationalization of the banks
Had as many as million listeners
Eventually shut down because of anti- Semitism

12. The Old People’s Doctor
Dr. Francis Townsend
Doctor and health officer from California
Proposed a pension plan for the elderly
A little like Social Security

13. The Kingfish Huey Long Governor / Senator from Louisiana
He wanted to be President
Created “Share our Wealth” clubs across the country
Wanted a 100% tax on everything over $1,000,000