2. Roosevelt’s Inauguration

3. President Roosevelt

8. 1. Emergency Banking Act Started with federal bank holiday Government to inspect all banks Only solvent banks to reopen “Fireside chats” Nation off gold standard

9. 2. Federal Deposit Insurance Corporation (FDIC)

10. 3. Farm Credit Administration Affordable loans to farmers Used for –Mortgages –Taxes –Equipment –Seed –Fertilizer

11. 4. Home Owners Loan Corporation (HOLC)

12. 5. Federal Emergency Relief Administration (FERA) Gave money to state, local relief organizations

13. 6. Civil Works Administration (CWA) Create jobs $750 million 1933-34 Building highways Repairing churches

14. 7. Civilian Conservation Corps (CCC)

15. Results of Relief Programs Banking was stabilized Foreclosures dropped Nearly 8 million families on public assistance Around 6.5 million hired by government

16. Spend when in a depression

17. 8. National Industrial Recovery Act (NIRA) 9. Public Works Administration (PWA) 10. National Recovery Administration (NRA)

18. Businesses to create “codes of conduct” Suspended antitrust laws Section 7(a): …

20. 11. Agricultural Adjustment Agency (AAA) Paid farmers to reduce output Subsidies paid by tax on food processors

21. 12. Tennessee Valley Authority (TVA) Greatest of 1 st New Deal programs Dams to control frequent flooding Power stations to provide electricity

23. Effects of Recovery Programs $4 billion spent on public works Rights of workers formally recognized Increased crop prices Many sharecroppers forced off land 38 dams, many power stations built Increased standard of living in Tenn. Valley

24. Foreshadowing the Future…

26. LEFT RIGHT NEW DEAL

27. American Liberty League New Deal threatened constitution and democracy! Socialism in the United States!

28. Father Charles Coughlin Father of hate radio Anti-Semitism Nationalization of banks

29. Huey Long The “Kingfish” Share the wealth plan Think Robin Hood! 100% tax on incomes over $1 million Take all fortunes over $5 million

30. A New Course 1934 midterm election => Democrats New lifeblood for reform Radical shift to left from Hundred Days

31. Second New Deal Enlarged federal relief programs Assistance to rural poor Support of organized labor Social-welfare benefits Stricter business regulations Heavier taxes on rich

32. Enlarged Federal Relief Programs 4/1935 - Emergency Relief Appropriations Act –$5 billion to spend Works Progress Administration (WPA) –Federal Writers’ Project State guides, ethnic histories Transcribed legal documents from Salem, MA Gathered slave narratives –Federal Arts Project Decorated public buildings

33. Assistance to Rural Poor Resettlement Administration –Helped small farmers buy farms Rural Electrification Program –Low-interest loans to utilities –Enabled rural access to electricity 1936 - AAA unconstitutional Soil Conservation and Domestic Allotment Act –Cut soil-depleting crops, plant grasses

34. Farm Foreclosures and Defaults, 1929–1945

35. Social-Welfare Benefits Social Security Act of 1935 –Old-age pensions –Survivor benefits –Unemployment benefits –Aid for dependents, blind, crippled

37. Stricter Business Regulation Banking Act of 1935 –Strengthened Fed’s control of banking Public Utilities Holding Act –Regulated interstate transmission of electricity –Restricted utilities to one region

38. Heavier Taxes on Rich Revenue Act of 1935 –Raised personal income taxes for wealthy

39. 9/1935 - Second New Deal complete FDR had stopped fears of leftist opposition

42. Election of 1936 FDR claimed election about him Republican - Alfred Landon Called on fears of FDR as dictator FDR lost Maine, Vermont

43. Election Results