FRANKLIN D. ROOSEVELT And THE NEW DEAL. As he prepared to take office in 1933, FDR planned for the...
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Transcript of FRANKLIN D. ROOSEVELT And THE NEW DEAL. As he prepared to take office in 1933, FDR planned for the...
FRANKLIN D. ROOSEVELT
And THE NEW DEAL
As he prepared to take office in 1933,
FDR planned for the biggest
changes in the federal
government since 1787.
Roosevelt’s Inauguration
ROOSEVELT’S GOALS #1 – BUILD PUBLIC
CONFIDENCE
Fireside Chats
Eleanor visited campsites of the 2nd Bonus March
Promised a “New Deal”
#2 – STABILIZE FINANCIAL
INSTITUTIONS
Bank “holidays”
Government inspection of banks
FDIC (Federal Deposit Insurance Corp.)
SEC (Securities Exchange Commission)
#3 – PROVIDE RELIEF & JOBS
Started public works programs
Federal Emergency Relief Agency
CCC – FDR’s favorite program
Works Progress Administration
#4 – REGULATING THE ECONOMY
NATIONAL RECOVERY
ACT
① Provided federal codes & regulations for wages, production, working conditions, etc.
② Public Works Administration built Grand Coulee Dam, bridges in NYC and Florida
ASSISTING:FARMERS
AGRICULTURAL ADJUSTMENT ACT (AAA) Provided subsidies to
farmers who cut production
ASSISTING:HOMEOWNERS
LOW INTEREST LOANSHelped homeowners
purchase/keep homes
THE SECOND NEW DEAL
Expanded government programs even more
Tennessee Valley Authority (TVA)
Public Works Administration
Social Security System
CRITICISMS OF THE NEW DEAL
Women & African Americans paid less than men
New Deal programs didn’t go far enough
Some thought the programs were socialistic
Government was taking too much responsibility
Modern day critics say the New Deal prevented economic recovery through high taxes
Criticized the deficit spending of the New Deal
LAST DAYS OF THE NEW DEAL
New Deal Protections helped labor unions grow
New Deal projects provided jobs for unemployed artists, musicians, writers
New Deal lessened suffering during the Depression
New Deal changed the way Americans thought about the role of the government and President