1. FDR & The New Deal

2. Objectives Discuss FDR’s early political career Explain the worsening situation in the U.S. banking system in the early 1930’s List three programs of the New Deal that created jobs for the unemployed Discuss why New Dealers felt that the government needed to sometimes regulate industry and labor

3. I. Rise to Power A. Background 1. Wealthy Family – Hyde Park a. Harvard & Columbia -Married Teddy Roosevelt’s niece 2. Politics a. Senator (NY), Assistant Sec. of Navy b. Governor of N.Y. (1928) c. President (D) 1932

4. Roosevelt’s policies during the Great Depression 1. Square Deal 2. Good Deal 3. Fair Deal 4. New Deal

5. What paralyzing disease plagued Roosevelt? 1. Parkinson's 2. Measles 3. Polio 4. Common cold

6. II. The First New Deal A. First 100 Days: 1. Fixing the Banks & Stock Market a. Emergency Banking Relief Act -bank holiday (closed) -Gov. backing of banks *restore trust b. Securities & Exchange Commission -regulate market/ prevent fraud -Glass-Steagall Banking Act *investment commercial

7. Closing banks before bank runs could put them out of business was what? 1. Gold standard 2. Bank holiday 3. Bank vacation 4. Commercial bank

8. To regulate the stock market and prevent fraud, Congress created an independent agency called? 1. Securities Act 2. Federal Deposit Insurance Corporation 3. Securities and Exchange Commission 4. Emergency Banking Relief Act

9. The Glass-Steagall Act separated investment banking from 1. Bank holidays 2. Securities and exchange commission 3. Treasury dept. 4. Commercial banking

10. F EDERAL D EPOSIT I NSURANCE C ORP. 3. Federal Deposit Insurance Corp III. Managing Farms & Industry A. Agricultural Adjustment Administration 1. $ to NOT grow crops a. supply to prices B. Blueprint for Industrial Recovery 1. Nat’l Industrial Recovery Act (NIRA) a. suspended anti-trust laws -Nat’l Recovery Administration (NRA)

11. Provided government insurance up to a certain amount on bank deposits 1. CCC 2. TVA 3. NRA 4. FDIC

12. Suspended the anti-trust laws 1. Fireside chats 2. Civilian conservation corp. 3. Fed. Emergency Relief Admin 4. Nat’l Industrial Recovery Act

13. What was the period between 3/26/1933 – 6/16/1933, when congress passed 15 major acts to meet the economic crisis 1. First new deal 2. First hundred days 3. New nationalism 4. New freedom

14. P ROVIDING R ELIEF IV. Providing Debt Relief A. Home & Farm Refinancing 1. Home Owners Loan Corp. 2. Farm Credit Administration V. Spending & Relief Programs A. Civilian Conservation Corp. B. Public Works Administration C. Civil Works Administration -cancelled due to over $

15. Direct talks via radio that FDR held with the American people 1. TV side Chats 2. Table side chats 3. Fireside chats 4. Microphone side chats

16. The PWA was created as a federal relief agency to put to work the unemployed in the 1. Arts & entertainment industry 2. Mining industry 3. Construction industry 4. Fishing industry