1. FRANKLIN ROOSEVELT AND THE NEW DEAL

2. PRESIDENT FRANKLIN ROOSEVELT Franklin D. Roosevelt was elected 1932 1st democrat since Woodrow Wilson Before he became President: New York legislature, Assistance Secretary to the Navy, Governor of New York The best thing going for Roosevelt was he wasn’t Hoover

3. FIRST 100 DAYS Roosevelt felt he had to deal with 3 r’s: Recovery, relief, and reform In the first 100 days of Roosevelt’s administration he passed 15 major laws Many of these laws dealt with these 3 r’s

4. BANK CRISIS The first problem was the banking crisis Runs on banks depleted money supplies Banks were forced to close People refused to deposit in banks (they lost faith in banks) Declared a bank holiday March 5th-9th The government rushed money to banks to make them financially secure People again started to deposit funds

5. DIRECT VS. INDIRECT RELIEF One major difference between Rosy and Hoover was relief Hoover did not believe in direct relief (giving people money) Roosevelt encourage direct relief The Federal Emergency Relief Administration distributed over $500 million for direct relief

6. RELIEF TO RECOVERY We don’t want people to just rely on dole Roosevelt needed to put people back to work The Civilian Conservation Corps. employed thousands of men 18- 25 years old They would receive 30 dollars a month, 25 of which would be sent home They would go around the country creating and maintaining national parks, creating reserves, and building dams and other public works projects

7. MORE RECOVERY PROGRAMS The Public Works Administration (PWA) had a budget of 3.3 billion dollars and worked on the infrastructure of the U.S. The National Recovery Administration (NRA) tried to help business leaders, unions, and workers get back to business They would fine businesses would did not follow the working code The Agricultural Adjustment Administration (AAA) paid farmers a subsidy to farmers who would stop producing so much The bought the excess supply also The Tennessee Valley Authority but dams and provided electricity to southeastern states

8. REFORM IN BANKS AND STOCK MARKET Roosevelt also passed the Truth-in-Securities Act which prohibited fraud in the Stock Market The Glass-Steagall Banking Act prohibited banks from investing in the Stock Market The Federal Deposit Insurance Corporation which insured banks who belonged to this

9. ROOSEVELT COMFORTS THE NATION Roosevelt was very good at speaking to the public He held fireside chats frequently which were just informal talks with the public using the radio He would speak in simple terms that everyone could understand This endeared him to the public He held weekly press conferences with reporters and he would answer questions This was very different that most presidents before him

10. ELEANOR ROOSEVELT His wife Eleanor was a great influence on him She really showed him the other side of life before he took public office (he really only knew about the wealthy life) She would travel across the nation because FDR could not and spoke for the programs that FDR had enacted Because Roosevelt had such a positive attitude and caring feel about him the American people became to love him

11. IMPACT OF ROOSEVELT RIGHT AWAY Roosevelt’s established credibility in the government again He was very optimistic and energetic He made people believe that if we worked together we would be ok Right person at the right time