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The First New Deal Mr. Bach United States History
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What is the New Deal? Name for the collective body of economic reforms undertaken by the federal government during the 1930s.
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New Deal Relief – to those suffering Recovery – bringing the economy back up Reforms – preventing major depressions in the future.
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Why Does the New Deal Matter Today? The New Deal dramatically changed the level of involvement of the federal government in people’s lives. The federal government became much more powerful.
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Franklin Delano Roosevelt President (Democrat) from 1933 – 1945. Campaigned on using the power of government to lift people out of the Great Depression.
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Franklin Delano Roosevelt
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Eleanor Roosevelt Completely changed the role of the First Lady in the United States. Was her husband’s “eyes and ears.”
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Eleanor Roosevelt
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Bank Holiday Federal government temporarily closed banks in order to stop bank runs. After examining the banks, good ones were re-opened with federal assurances that deposited money was safe.
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Fireside Chats FDR used the power of radio to directly address the American people in a friendly, reassuring way. Helped to create a personal bond with the President (you could trust him).
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Fireside Chats
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FDIC Federal Deposit Insurance Corporation Assures that deposits are safe within banks.
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FDIC
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CCC Civilian Conservation Corps 18 to 25 year old men were employed on conservation projects.
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CCC
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AAA Agricultural Adjustment Act Paid farmers subsidies to grow fewer crops (to decrease supply and increase price).
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PWA Public Works Administration Employed people on public works projects Dams, roads, bridges, schools, hospitals.
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Lincoln Tunnel (NYC)
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Grand Coulee Dam
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SEC Securities and Exchange Commission Federal government agency that monitors the nation’s stock markets.
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Martha Stewart
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Enron
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TVA Tennessee Valley Authority Provided jobs to build dams and power plants Provided power to poor rural areas in the South.
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The Second New Deal
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Growth of Organized Labor The NIRA (a New Deal act) guaranteed the rights of workers to form unions.
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Important Unions American Federation of Labor (AFL) Union for skilled workers Congress of Industrial Organizations (CIO) Union for factory workers in mass production
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Sit-Down Strike Workers remained in the factory Scabs could not be brought in to run the machines Company thugs could not attack picket lines.
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Social Security Act Provides a guaranteed pension to people 65+ Provides payment to disabled workers and needy children.
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