1. The New Deal 1933-1941 22.1 Roosevelt Takes Office

2. The New Deal FDR’s federal response to the Great Depression. FDR’s federal response to the Great Depression. Sweeping legislative action for… Sweeping legislative action for… –Relief for Needy –Recovery of Industry & Farms –Reform programs

3. Fireside Chats: radio talks with the nation to explain policies & lessen fears. Fireside Chats: radio talks with the nation to explain policies & lessen fears. Twenty-first Amendment: Prohibition repealed! Twenty-first Amendment: Prohibition repealed! Inspiring Hope

5. Emergency Banking Act Week long holiday to slow withdrawals & inspect banks Week long holiday to slow withdrawals & inspect banks –Only allowed secure banks to reopen People begin to regain confidence in banks. People begin to regain confidence in banks.

6. Relief for the Needy Civilian Conservation Corps: public works jobs for 2.5 million men between ages of 18 - 25 Civilian Conservation Corps: public works jobs for 2.5 million men between ages of 18 - 25 Federal Emergency Relief Administration: direct unemployment relief for needy Federal Emergency Relief Administration: direct unemployment relief for needy –Civil Works Administration

9. Economic Recovery Tennessee Valley Authority: Federal corporation that revived the Tennessee Valley through hydro-electric projects. Tennessee Valley Authority: Federal corporation that revived the Tennessee Valley through hydro-electric projects. Provided jobs, electric power, conservation, flood control Provided jobs, electric power, conservation, flood control

11. Agricultural Adjustment Act Paid subsidies to farmers to keep them from overproducing. Paid subsidies to farmers to keep them from overproducing. Saved farmers from ruin. Saved farmers from ruin. Tax/pay method was declared unconstitutional. Tax/pay method was declared unconstitutional.

12. National Recovery Administration Federal Govt. set prices & wages for industries Federal Govt. set prices & wages for industries Codes not always followed Codes not always followed Declared unconstitutional in 1935. Declared unconstitutional in 1935.

14. Reforming Banks & Stock Market Federal Deposit Insurance Corporation: Insured deposited funds up to $10,000 Federal Deposit Insurance Corporation: Insured deposited funds up to $10,000 –Outlawed bank speculation with depositor’s funds Securities and Exchange Commission: est. a president appointed committee that monitors the market & corporations Securities and Exchange Commission: est. a president appointed committee that monitors the market & corporations

15. Going Off the Gold Standard Govt. no longer paid gold in exchange for dollars. Govt. no longer paid gold in exchange for dollars. Allowed Govt. to print & circulate more dollars = creating inflation Allowed Govt. to print & circulate more dollars = creating inflation This may have led to recovery. This may have led to recovery.