THE%20NEW%20DEAL

1
THE NEW DEAL

• FDRs Response to the Great Depression

2
Restoring the Nations Hope

• FDR and 1st Lady Eleanor attempt to restore
  confidence
• 2nd Bonus Army
• Fireside Chat
• The New Deal
• Relief
• Recovery
• Reform

3
The First 100 Days

• - FDR pushes program after program through
  Congress
• - Alphabet Soup

4
Stabilizes Financial Institutions

• Emergency Banking Act
• Bank Holiday closes banks to inspect them,
  restore confidence
• Glass-Steagall Banking Act
• Insures bank deposits
• Securities Exchange Commission
• Regulates stock market

5
Provides Relief and Creates Jobs

• Federal Emergency Relief Administration
• Money to local relief agencies
• Public Works Program
• Building public facilities
• Roads, Parks, Railroads
• Civilian Conservation Corp
• 2.5 million unmarried men to work in forests,
  beaches, and parks (Pioneers Park)

6
Regulates the Economy

• National Industrial Recovery Act
• Set to increase industrial prices
• Regulates wages, working conditions, and prices
• Capitalism??

7
Assists Farmers and Homeowners

• Home Owners Loan Corporation
• Refinanced mortgages
• Federal Housing Administration
• Improved housing standards
• Agricultural Adjustment Administration
• Raised farm prices through subsidies (paid to not
  grow crops)
• Tennessee Valley Authority
• Focus on Tennessee Valley (nations least
  developed areas)
• Hydroelectric power plant developed

8
New Deal Falters

• - Many agencies unsuccessful
• - Supreme Court attacks FIRA AAA as
  unconstitutional

9
A Second New Deal

• New, bolder programs launched
• Works Progress Administration (WPA)
• Employs over 8 million people
• Farm Security Administration
• Loans money to small farms helps settle tenant
  farmers
• Rural Electrification Administration
• Electricity to Americas rural areas
• Wagner Act
• Legalizes union practices like collective
  bargaining
• Outlaws spying on unions blacklisting
• Social Security System
• Economic support to who cant support themselves
• Old Age, Unemployment, Dependent children,
  disabled

10
The Election of 1936

• FDR wins in a landslide 523-8 vs. Alfred M.
  Landon of Kansas