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Election of 1932 Franklin Roosevelt Political Experience Personality and Disability Reform minded Overwhelming victory! The New Deal Was not idle during 4 month waiting period “Brain Trust”- diverse group of influential men and women Promised the American people “A New Deal”
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The Hundred Days Bank Holiday, March 5 March 9- June 16, 1933 Intense activity New Deal legislation Fireside Chats Radio show Issues of public concern Clear, simple language
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The Hundred Days Banking and Finance Regain public’s trust in banks Glass-Steagall Act (attempt to reorganize banking) Established Federal Deposit Insurance Act (FDIC) Federal Securities Act Provide complete information on all stock offerings and made them liable for any misrepresentation Securities and Exchange Commission (SEC) Raise taxes by taxing alcohol
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Ready for some “Alphabet Soup?” CCC AAA NIRA HOLC FHA FERA NRA
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Helping the American People Rural Help Agricultural Adjustment Act (AAA) Raise prices, lower production Work Projects Civilian Conservation Corps (CCC) Work building roads, developing parks, planting trees, help in soil-erosion and flood control projects Segregation in Virginia National Industrial Recovery Act (NIRA) Money for states to create jobs in the construction of schools and other community buildings Civil Works Administration (CWA) 4 million immediate jobs https://www.youtube.com/wa tch?v=URqvgTUekQQ
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Other Programs Home Owners Loan Corporation (HOLC)- provided government loans to homeowners who faced foreclosure because they could not meet their loan payments Federal Housing Administration (FHA)- furnish loans for home mortgages and repairs. Federal Emergency Relief Administration (FERA)- provide direct relief to the needy National Recovery Administration (NRA)- set price of products and established standards Promote fair practices, promote industrial growth
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FDR 1932 "The country needs and, unless I mistake its temper, the country demands bold, persistent experimentation. It is common sense to take a method and try it: If it fails, admit it frankly and try another. But above all, try something."
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American Liberty League Conservatives in 1934 Wanted to defend and uphold the Constitution Opposed the New Deal Violated respect for rights of individuals and property
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Conservative Critics: Dr. Francis Townsend Charles Coughlin Huey Long appeal to poor Americans
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