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UNIT 12 FDR & The Great Depression
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FRANKLIN D. ROOSEVELT WON THE ELECTION…WHY? The depression left many unemployed and homeless Franklin believed that the depression required strong action and leadership by the federal government to help Americans recover He accepted the democratic party and did not know much about the economic hardship Also pledged the “New Deal” which was intended to combat the depression
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CONT… Hoovers popularity declined as the depression worsened Franklin won by a land slide and defeated Hoover by about 7 million votes Even though the democrats lost election, Franklin was considered the rising star of the party.
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WHAT WAS HIS MESSAGE TO THE AMERICAN PUBLIC? FDR proposes “packing” the court Unveiled a plan that would dilute the power of the sitting justices of the supreme court. His justification was that the constitution did not specify the number of judges on the court and claimed that many of the justices were elderly and overworked.
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CONT… Also wanted to a create a welfare state, a government that assumes responsibility for providing for the welfare of children, the poor, the elderly, the sick, the disabled, and the unemployed. A number of his new deal programs such as the CCC, aimed at restoring forests and preserving the environment
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ACTION TOOK IN FIRST FEW MONTHS OF OFFICE AND THE “HUNDRED DAYS” Passed 15 bills First new deal dealt with relief, effects of depression, recover y, long term economy, and reformation Emergency banking bill- closed banks until they got accounts in order Fireside chats- tells everyone what he's planning and eases everyone's mind
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CONT… Created a federal deposit corporation- insures bank deposits up to $5,000 Securities and exchange commission regulate the stock market Agricultural adjustment act- created to end over production financial aid to farmers who didn’t plant part of heir land and kill extra livestock Tennessee Valley Authority- Built dams to control floods and generate electric power
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CONT… Civilian conservation corps provided jobs for 2 million men, replanted forests, built trails, dug immigration ditches, and fought fires Federal emergency relief- granted federal funds to states and local agencies to help unemployed Home owners loan cooperation- loaned money at low interest rates to home owners who couldn’t pay mortgage Federal housing administration- insured bank loans for building & repairing houses
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CONT… National Industry Recovery Act- established national recovery administration, developed codes of fair competition to govern whole industries Public works administration- built bridges, dams, power plants, and government buildings
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