Transcript FranklinD. Roosevelt’s Rise to Presidency in 1932

Franklin D. Roosevelt’s Rise to
Presidency in 1932
Rise in Politics
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Privileged upbringing
Studied law at Harvard
NY state senator
Assistant Sec. of US Navy
Struck with polio but gained popularity-kept
political correspondence from bed
• Restructured Democratic Party, promoted public
works, social security, and unemployment
benefits
Election of 1932
• Franklin Roosevelt (FDR) elected President
• Offered Americans a “New Deal”
1st 100 days
• Declared a Bank Holiday: temporarily closed
banks to prevent withdrawals. Banks opened
as government decided they were stable
enough
• Emergency banking Relief Act to stabilize
banks and Economy Act to balance Federal
Budget
NIRA
• National Industrial Recovery Act: $3 billion for
public works to create jobs and set guidelines
for fair working conditions
FERA
• Federal Emergency Relief Administration:
direct relief to unemployed
AAA
• Agricultural Adjustment Act: encouraged
farmers to reduce production of crops, paid
farmers to destroy crops or livestock or to not
farm at all
TVA
• Tennessee Valley Authority: Build Dams along
Tennessee River to create cheap electricity
Fireside Chats
• FDR held informal talks to Americans via
Public Radio to encourage them and give
them hope
CCC
• Civilian Conservation Corps: hired young men
to work on National parks and provided them
with necessities, paid them a monthly wage
(which was usually sent home to help their
families)
Criticism of the New Deal
• Minorities and elderly did not feel like they
were gaining support
• American Liberty League thought FDR was a
socialist trying to Sovietize America with
government created jobs
Union Party
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Formed to Challenge FDR’s policies
Francis Townsend: FDR neglects elderly
Huey Long: FDR is Pro Business
Coughlin: Challenged FDR in the 1936
election-he lost and FDR becomes Pres. for 2nd
term
2nd hundred days
• More $$$ for social programs to help those in
poverty
• Some begin to question the constitutionality
of FDR and the Democratic Party’s policies
• The Supreme Court rules FDR’s NIRA
unconstitutional and many of the programs
are stopped
FDR’s Legacy
• Women in politics: Frances Perkins-Secretary
of Labor, Mary McLeod Bethune-National
Youth Administration director
The Legacy continues
• Social Security Act: Workers save for pension
to be accessed in later years
• FDIC: Federal Deposit Insurance Corporationinsures $$$$ deposited in banks