Transcript The New Deal

The New Deal
FDR- Franklin Roosevelt
FDR- President in 1932
•
“Brain Trust”
– Made up of lawyers, professionals, and journalistsworked on programs to alleviate depression
The New Deal
Focuses on three main things
1. Relief
2. Economic recovery
3. Financial reform
The 100 Days
Over a hundred day period Congress
passed more that 15 major New Deal
legislations
The Legislation expanded the federal
governments role in the nations economy
Federal Program
Business Assistance
and Reform
What was the
immediate purpose?
What was the long
term goal?
Emergency Banking
Relief Act EBRA
Authorized the
treasury Dep. To
inspect and close
banks
To restore public
confidence in the
banks
Glass-Steagall Banking Establish the FDIC
Act of 1933
Restore public
confidence in the
banks
Federal Securities Act Require corporations
to provide complete
info. On stock
offerings
Restore public
confidence in the
stock market
National Industrial
Recovery
To ensure fair
business practices and
to promote industrial
growth
Set prices, establish
labor standards
Farm Relief/Rural
Development
What was the
immediate
purpose?
Agricultural
Adjustment
Act
AAA
Tennessee
Valley
Authority
TVA
Paid farmers
to lower
production
What was its long
term goal?
To raise crop
prices and
farmers
income
Built and
To create
repaired dams prosperity in
and other
impoverished
projects in
Tenn.
Tenn.Valley
Employment
Projects
What was its
immediate purpose
What was its long
term goal
Civilian Conservation Put young men to
To reduce
Corps
work on railroad
employment
CCC
building and
conservation projects
Federal Emergency
Relief Administration
FERA
Provide direct relief
for the needy
Provide basic needs
hit hard by the
Depression
Public Works
Administration
PWA
Provide money to
states to create jobs
To reduce
unemployment
Civil Works
Administration
CWA
Provide 4 million jobs To reduce
immediately
unemployment
Housing
What was the
Immediate
purpose?
What was its long
term goal?
Home Owners
Loan
Corporation
HOLC
Provided
government
loans to
homeowners
who faced
foreclosure
To help families
keep their
homes
FDR- Fireside Chats

FDR- had radio chats to let the American
people know about issues of public
concern to explain to them in clear
simple language, what his new deal plans
were.

Do you think this helped FDR and the
American people?
Result of the 100 days…

Deficit spending- government spending
more money than the revenues it receives

Did the New Deal end the depression?

Why didn’t the people blame FDR for
ending the depression when they blamed
Hoover?
Impact of the New Deal
1937- Congress urged cutting back New
Deal Programs the result…
◦ Increase in unemployment
◦ Decrease in industrial production
The New Deal and the Depression
helped reduce suffering
 jobs, food, money
 Regain dignity
The New Deal Affects many Groups
of the 1930’s

Women
◦ Gains- women were appointed to important
federal positions, slight increase in the # of
women working outside the home
◦ Problems- discrimination in the workplace,
low wages, discriminatory hiring practices
New Deal Affects…

African Americans
◦ Gains- increased political voice through
greater access to the president, organizations
created for tenant farmers
◦ Problems- Segregation, violence, racism,
discrimination in all areas of life, poll tax

Political Realignment- African Americans
left the Republican Party for the
Democratic Party.
New Deal Affects…

Labor Unions
◦ Gains- better working conditions, increased
bargaining power, increase in union
membership
◦ Problems- strikes, big business opposition to
labor unions
New Deal Under Attack

The American Liberty League
◦ Opposed the New Deal believed that it
violated respect for the rights of individuals
and property
Charles Couglin
 Dr. Francis Townsend
 Huey Long

Second New Deal
The second Hundred Days
 The first two years of FDR’s presidency
the economy had improved…BUT not
enough!

◦ Unemployment remained high
◦ Production lagged

More extensive relief was needed for
farmers and workers
Protecting Workers Rights

Wagner Act and Fair Labor Standards Act
◦ Set standards for wages, hours, banned child
labor, ensured the right of workers to
organize and bargain with Employers
 TODAYS IMPACT- National Labor Relations Board
Act as a mediator in labor disputes between unions
and employers
Banking and Finance

Securities and Exchange Commission
(SEC)
◦ Monitors the stock market and enforces laws
of stocks and bonds

Federal Deposit Insurance Corporations
(FDIC)
◦ Savings and protection loss up to $100,000
Social and Environmental Effects

Social Security
◦ Provides insurance program, unemployment
compensation, aid to disabled, and families
with dependent children
* Framers of this Act saw it primarily as a relief
bill

Farming
◦ Agricultural price supports