Transcript Unit IV: Chapter 3

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Analyze the impact of Franklin D. Roosevelt
had on the American people after becoming
President
Describe the programs that were apart of the
first New Deal and their immediate impact
Identify critical responses to the New Deal
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Franklin Delano Roosevelt (FDR)=New Deal (gov.
intervention)
Hoover=leave to local and state gov. and private
agencies
FDR’s wife’s -Eleanor Roosevelt
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“Brain Trust” helped
create New Deal
New Deal program…3
goals
◦ Relief, recovery, reform
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FDR used the radio to
communicate with
people
◦ Called “Fireside” chats
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Emergency Banking Bill
◦ 4 day “bank holiday”
◦ Get accounts in order
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FDR urged Americans to return their money to
banks
◦ By the end of March, 1933, $1 Billion was returned to
banks in the form of deposits
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Congress created the FDIC (Federal Deposit
Insurance Corporation) to insure accounts up to
$5,000
◦ SEC (Securities and Exchange Commission) regulates
stocks
1st 100 Days of FDR’s Presidency!
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Agricultural Adjustment Administration (AAA)
◦ End overproduction and raise crop prices
◦ Gov. provided financial aid to not plant part of their land
and to kill off excessive livestock
◦ By 1934, farm prices began to rise
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Tennessee Valley Authority (TVA)
◦ built new dams in Tennessee River Valley
◦ Replanted forests, built fertilizer plants, created jobs
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Civilian Conservation
Corps (CCC)
Helped 2 million 18-25
year old men
Planted trees & created
parks
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Federal Emergency Relief
Administration (FERA)
◦ Granted federal funds to
state and local agencies to
help the unemployed
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Civil Works
Administration (CWA)
◦ Short-lived
◦ Jobs on public-works
projects
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Home Owners Loan Corp.
(HOLC)
◦ low interest rate home loans
to people who couldn’t pay
mortgage
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Developed codes of fair competition to govern
whole industries
National Recovery Administration (NRA)
◦ Regulated production, wages, and prices
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PWA-Public Works Administration
-Built bridges, dams, power plants, and gov. buildings
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Right- New Deal too powerful
Left-Not enough!
Populist- Challenge FDR
◦ Francis Townsend - Wanted gov’t to
grant a pension of $200/ month to
every American over 60 years old
◦ Charles Coughlin – FDR not doing
enough. Calls for nationalization of
industry.
◦ Huey Long - Proposed “Share Our
Wealth” program
 Tax the rich and give to the poor
 Eventually was assassinated