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Chapter 23 Roosevelt and the New Deal

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Chapter 23 Roosevelt and the New Deal Section 1 Roosevelt Takes Office Section 2 The First New Deal Part I Roosevelt Takes Office Herbert Hoover ran for a second term ... – PowerPoint PPT presentation

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Title: Chapter 23 Roosevelt and the New Deal


1
Chapter 23Roosevelt and the New Deal
  • Section 1
  • Roosevelt Takes Office
  • Section 2
  • The First New Deal

2
Part I
3
Roosevelt Takes Office
  • Herbert Hoover ran for a second term in 1932.
  • The Democrats selected New York Governor,
    Franklin Delano Roosevelt.

4
Roosevelt is Inaugurated
  • Unemployment ctd. to rise, bank runs increased,
    and people converted their money into gold.
  • Many governors declared bank holidays, which
    closed the remaining banks before bank runs could
    put them out of business.

5
The Hundred Days Begins
  • March 9 June 16, 1933 Hundred Days
  • Congress passed 15 major acts to help the
    economic crisis.
  • These programs made up the First New Deal.

6
A Divided Administration
  • Advisors divided into 3 main groups
  • 1)Supporters of New Nationalism govt
    business should work together to manage the
    economy.
  • 2)Distrusted big business wanted govt to run
    key parts of the economy.
  • 3)Supported New Freedom felt it was govt
    responsibility to restore competition to the
    economy.

7
Fixing the Banks Stock Market
  • He called a national bank holiday, and called
    Congress into special session.
  • Passed the Emergency Banking Relief Act, which
    required federal examiners to survey the nations
    banks and issue Treasury Department licenses to
    financially sound banks.

8
Fireside Chat
  • Roosevelt spoke directly to the people, in his
    fireside chat, assuring the Americans that the
    banks were secure.
  • The following day deposits in every city
    outweighed withdrawals, ending the banking crisis.

9
Part II
10
The First New Deal
  • The First New Deal created many agencies that
    helped bring the country out of the Depression.
  • They are as follows.

11
Securities Exchange Commission (SEC)
  • Created to regulate the stock market and prevent
    fraud.

12
Federal Deposit Insurance Corporation (FDIC)
  • Provided government insurance for bank deposits
    up to 2500.

13
Agricultural Adjustment Administration (AAA)
  • Paid farmers not to raise certain crops to lower
    crop production.

14
National Industrial Recovery Act (NIRA)
  • Suspended antitrust laws and allowed business,
    labor, and govt to cooperate in setting up
    voluntary rules, known as codes of fair
    competition, for each industry.

15
National Recovery Administration (NRA)
  • Ran the NIRA.
  • Controlled industrial production and prices with
    industry-created codes of fair competition.
  • Declared unconstitutional in 1935.

16
Home Owners Loan Corporation (HOLC)
  • Bought mortgages of homeowners behind on payments
    and restructured them with longer terms of
    repayment and lower interest rates.

17
Farm Credit Administration (FCA)
  • Helped farmers refinance mortgages.

18
Civilian Conservation Corps (CCC)
  • Gave unemployed men aged 18-25 the opportunity to
    work with the national forestry service.

19
Federal Emergency Relief Administration (FERA)
  • Channeled money to help state and local agencies
    fund relief projects.

20
Public Works Administration (PWA)
  • Series of construction projects, creating
    additional jobs.

21
Civil Works Administration (CWA)
  • Hired workers directly and put them on the
    governments payroll.

22
Tennessee Valley Authority (TVA)
  • Built hydroelectric plants and dams aimed at
    improving seven Southern states and attracting
    industry to the South.

23
  • TEST
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