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T HE N EW D EAL
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FDR – 1932 - 1945 Fireside Chats – “The only thing we have to fear is fear itself” Promised a “New Deal”… RELIEF, RECOVERY and REFORM
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1 ST 100 D AYS The First 100 Days The “Bank Holiday” Closed all banks for a holiday Only let the “sound banks” re-open Restored people’s confidence in banks Established the Federal Deposit Insurance Corporation (FDIC) to insure people’s investments
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T HE F IRST N EW D EAL – R ELIEF AND R ECOVERY Formed the Federal Emergency Relief Administration (FERA) The Civilian Conservation Corp (CCC) put young men to work maintaining forests, beaches and parks The Public Works Administration (PWA) launched public projects such as building dams, bridges, etc. The Securities and Exchange Commission (SEC) was developed to regulate the stock market National Industrial Recovery Act (NIRA) – cartels & monopolies to stimulate economy. Run by the National Recovery Administration (NRA) http://www.history.com/shows/the- presidents/videos/national-recovery-administration- created
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The Tennessee Valley Authority (TVA) created jobs for farmers and provided electricity to the area The Agricultural Adjustment Administration (AAA) raised farm prices and lowered production, farmers paid NOT to produce, destroyed food, killed livestock, destroyed milk The Supreme Court eventually ruled the PWA and AAA Unconstitutional
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T HE S ECOND N EW D EAL - R EFORM The Works Progress Administration (WPA) improved playgrounds, schools and hospitals The Farms Securities Administration (FSA) gave money to farmers and helped migrant workers The National Labor Relations Act (NLRA), also called the *Wagner Act, legalized collective bargaining ; right to form unions upheld The Social Security Act (SSA) gave pensions to the elderly, disabled and unemployed
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Criticism of FDR Packing the Supreme Court Wanted to fill the court with more people favorable to his New Deal Tried (unsuccessfully) to increase the court from 9 Justices to 14 Too much federal power Welfare state Eleanor Roosevelt Changed the role of the First Lady Helped FDR Traveled for her husband Reported conditions to FDR Openly advised FDR Held press conferences
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http://www.history.com/shows/america-the-story- of-us/videos/fdr-a-voice-of-hope http://www.history.com/videos/the-new-deal http://www.history.com/videos/fdr-delivers-first- fireside-chat
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