The New Deal - Burlington County Institute of Technology
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Transcript The New Deal - Burlington County Institute of Technology
THE NEW DEAL
HTTP://WWW.HISTORY.COM/TOPICS/SECURITIES-AND-EXCHANGE-COMMISSION/VIDEOS/THE-NEW-DEAL
Election of 1932
Franklin Roosevelt
Political Experience
Personality and Disability
Reform minded
Overwhelming victory!
The New Deal
Was not idle during 4 month waiting
period
“Brain Trust”- diverse group of
influential men and women
Promised the American people “A
New Deal”
The Hundred Days
Bank Holiday, March 5
March 9- June 16, 1933
Intense activity
New Deal legislation
Fireside Chats
Radio show
Issues of public concern
Clear, simple language
The Hundred Days
Banking and Finance
Regain public’s trust in banks
Glass-Steagall Act (attempt to
reorganize banking)
Established Federal Deposit Insurance
Act (FDIC)
Federal Securities Act
Provide complete information on all
stock offerings and made them liable
for any misrepresentation
Securities and Exchange Commission
(SEC)
Raise taxes by taxing alcohol
Ready for some “Alphabet Soup?”
FHA
AAA
Helping the American People
Rural Help
Agricultural Adjustment Act (AAA)
Raise prices, lower production
Work Projects
Civilian Conservation Corps (CCC)
Work building roads, developing parks,
planting trees, help in soil-erosion and
flood control projects
Segregation in Virginia
National Industrial Recovery Act (NIRA)
Money for states to create jobs in the
construction of schools and other
community buildings
https://www.youtube.com/wa
Civil Works Administration (CWA)
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4 million immediate jobs
Other Programs
Home Owners Loan Corporation (HOLC)- provided
government loans to homeowners who faced foreclosure because
they could not meet their loan payments
Federal Housing Administration (FHA)-furnish loans
for home mortgages and repairs.
Federal Emergency Relief Administration
(FERA)- provide direct relief to the needy
National Recovery Administration (NRA)- set price
of products and established standards
Promote fair practices, promote industrial growth
FDR 1932
"The country needs and, unless I mistake its
temper, the country demands bold, persistent
experimentation. It is common sense to take a
method and try it: If it fails, admit it frankly
and try another. But above all, try something."
American Liberty League
Conservatives in 1934
Wanted to defend and uphold the
Constitution
Opposed the New Deal
Violated respect for rights of individuals and
property
Conservative Critics:
appeal to poor Americans
Dr. Francis Townsend
Charles Coughlin
Huey Long