FDR OFFERS A NEW DEAL 1st Hundred Days in Office

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FDR OFFERS A NEW DEAL1st Hundred Days in Office

• FDRs plan to fix this mess was called The New
  Deal (like his cousins Square Deal, just
  different)
• Creates new agencies to get people back to work
• Creates programs to keep banks from failing
• Creates welfare program to help people get back
  on their feet
• Relief/ Recovery and Reform were the goals

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Fountain Hughes Speaks
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FDR closes banks

• After a month-long run on American banks,
  Franklin Delano Roosevelt proclaimed a Bank
  Holiday, beginning March 6, 1933, that shut down
  the banking system. When the banks reopened on
  March 13, depositors stood in line to return
  their hoarded cash. Created the FDIC that insured
  deposits of peoples money.

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How do you spell Relief?

• CCC- Civilian Conservation Corps 1933
• gave jobs to unmarried, young men from poor
  families. They built, maintained beaches,
  forests, parks etc. Gave kids job training and a
  roof.
• WPA- Works Progress Administration 1935-1943 8
  million jobs were created. Jobs ranged from
  construction to art/music jobs

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• PWA- Public Works Admin. 1933 Built large scale
  projects like the Dams.
• Relief Agencies were aimed at getting people back
  to work and alleviating unemployment.

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RecoveryFactories Farms and Financial
Institutions
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Fireside chats

• Franklin and his wife Eleanor would address the
  public every week on the radio keeping them
  informed of what they were doing to stimulate the
  economy and get them out of this depression.
  Gains the publics trust.

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Repeals prohibition

• FDR repeals (gets rid of) the 18th amendment
  which outlawed alcohol so they could make money
  off of the sale and taxes of alchol

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• FCA-Farmers Credit Association-Provided credits
  for farmers so they would not lose their farms
• HOLC-Homeowners Loan Corporation- refinance home
  mortgages currently in default to prevent
  foreclosure
• NYA National Youth Association,
• college youth, were paid from 6 to 40 a month
  for "work study" projects at their schools.

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• TVA- Tennessee Valley Authority- 1933 This
  provided assistance to farmers and rural people
  that were not as modern. The TVA used a dam to
  provide electricity, flood control, and
  recreational/tourist opportunities. They also
  helped farmers produce more from fields that were
  over-farmed, and provided fertilizers.

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• NRA- National Recovery Administration
• This was set up to combat the problems of low
  wages, layoffs, and falling prices. It
  established price fixing to ensure competition,
  production limits, and standards of working
  conditions.

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FUN FACT

• The Philadelphia Eagles used to be named the
  Frankford Yellow Jackets. In 1933 they moved to
  Philly and changed their name to the Eagles and
  used the NRAs symbol as their eagle.

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REFORM

• FDIC- Federal Deposit Insurance Corp -1933 This
  insured money in the bank up to 5000. It is
  still around today. (100 Grand today)
• SEC-Securities Exchange Commission
• regulated the Stock market to eliminate shady
  business deals.
• AAA- Agricultural Adjustment Act- 1933 This
  reduced the amount of crops in the market by
  actually paying farmers to destroy crops.
• Social Security Act- 1935- Relief and Reform.
  This gave money to people that needed it, and set
  a safety net for the future.

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• NLRB National Labor Relations Board-
• Fair Treatment for workers
• Fair Labor Standards Act- 1938 Established
  national minimum wage and maximum work week
  hours. Prohibited kids 16 and under from factory
  work.