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The Great Depression Relief and Recovery
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I. Initial Popularity of Franklin D. Roosevelt
1. People were desperate a. 13 million unemployed b. Failing banks -mass withdrawal of $ c. “Dust Bowl” 2. Likeable personality a. Overcame Polio b. Winning smile c. Amazing speaker -”fireside chats” -radio speeches to encourage Americans “Americans will have a ‘New Deal’”
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II. The Hundred Days (1st Hundred Days as President)
1. Three Parts of the “New Deal” a. Relief b. Recovery c. Reform 2. “The Brain Trust” a. Professionals to problem-solve -“It’s common sense…to take a method and try it. If it fails, admit it frankly and try another. But above all, try something…” b. “Bank holiday” -close unstable banks
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III. Relief to the Jobless
“Priming the Pump” 1. Congress: $1/2 Billion for “relief” a. Public Works Administration (PWA) -major public projects -R.R., roads, dams -unsuccessful - planning b. Works Progress Administration (WPA) -better planning for PWA c. Civilian Conservation Corps (CCC) -get young men off streets d. Tennessee Valley Authority (TVA)
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IV. Encouragement for Business
1. Trade Agreements Act (TAA) a. Cut tariffs if other countries buy from U.S. -increase foreign trade 2. National Recovery Administration (NRA) a. Stop monopolies b. Boost competition c. Lower prices -increase consumer spending -boost economy d. Improve working conditions e. Failure - ”Unconstitutional - “socialist”
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V. Help for Farmers 1. Agricultural Adjustment Administration (AAA)
a. Decrease production -distribute surplus (extra) to needy b. Increase crop prices
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VI. Criticism of the “New Deal”
List some possible reasons why many Americans opposed the policies of the New Deal. Be ready to discuss these criticisms.
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