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Published byStephanie Alexander Modified over 9 years ago
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THE NEW DEAL FDR’s Response to the Great Depression
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Restoring the Nation’s Hope FDR and 1 st Lady Eleanor attempt to restore confidence 2 nd Bonus Army Fireside Chat The New Deal Relief Recovery Reform
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The First 100 Days - FDR pushes program after program through Congress - “Alphabet Soup”
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Stabilizes Financial Institutions Emergency Banking Act “Bank Holiday”: closes banks to inspect them, restore confidence Glass-Steagall Banking Act Insures bank deposits Securities & Exchange Commission Regulates stock market
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Provides Relief and Creates Jobs Federal Emergency Relief Administration Money to local relief agencies Public Works Program Building public facilities Roads, Parks, Railroads Civilian Conservation Corp 2.5 million unmarried men to work in forests, beaches, and parks (Pioneers Park)
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Regulates the Economy National Industrial Recovery Act Set to increase industrial prices Regulates wages, working conditions, and prices Capitalism…??
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Assists Farmers and Homeowners Home Owners’ Loan Corporation Refinanced mortgages Federal Housing Administration Improved housing standards Agricultural Adjustment Administration Raised farm prices through subsidies (paid to not grow crops) Tennessee Valley Authority Focus on Tennessee Valley (nation’s least developed areas) Hydroelectric power plant developed
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New Deal Falters - Many agencies unsuccessful - Supreme Court attacks FIRA & AAA as unconstitutional
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A Second New Deal New, bolder programs launched Works Progress Administration (WPA) Employs over 8 million people Farm Security Administration Loans money to small farms & helps settle tenant farmers Rural Electrification Administration Electricity to America’s rural areas Wagner Act Legalizes union practices like collective bargaining Outlaws spying on unions & blacklisting Social Security System Economic support to who can’t support themselves Old Age, Unemployment, Dependent children, disabled
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FDR wins in a landslide 523-8 vs. Alfred M. Landon of Kansas The Election of 1936
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