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Chapter 15- The New Deal

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Title: Chapter 23- The New Deal Author: OCSD Last modified by: Lissa Fickert Created Date: 1/31/2005 12:21:22 PM Document presentation format: On-screen Show (4:3) – PowerPoint PPT presentation

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Title: Chapter 15- The New Deal


1
Chapter 15- The New Deal
2
Roosevelt v. Hoover 1932
Hoover
Roosevelt
Conservative opposed direct Relief to combat
depression
Liberal social duty of gov. To aid the poor
Privately run welfare funds And local gov. to
help needy
Combo of private and federal Aid to needy
Supported some regulation Of business
Supported regulation of Business and government
Ownership of utilities
Believed in tariffs to raise Money for government
Believed in progressive Income tax
3
1. A New Deal Fights the Depression
  • 1. Election of 1932
  • a. Dem- Franklin D. Roosevelt
  • b. Rep.- Herbert Hoover
  • 1. Roosevelt won in overwhelming
    fashion
  • 2. Democrats also took control of
    Congress

4
  • 2. Waiting for Roosevelt
  • 1. 20th Amendment- moved inaugurations
    from March to January (did not go into effect
    until 1933)
  • 2. Brain Trust- group of advisors to
    FDR working on set of policies- New Deal

5
Economic Recovery
Reforms to prevent another depression
Relief for the unemployed
Goals of New Deal
  • b. March 9-June 16, 1933- First 100 Days
  • 1. 15 pieces of legislation passed
    significantly expanded govts role in economy.

6
  • 3. Reforming Banking and Financing
  • a. declared a bank holiday
  • b. Emergency Banking Relief Act revived
    faith in banks
  • c. An important Fireside Chat
  • d. Glass-Steagall Banking Act of 1933
  • 1. Est. the FDIC (Federal Deposit
    Insurance Cor.)

7
  • 2. Provided
  • insurance for accounts less than 5,000.
  • e. Federal Securities Act required cor. To
    provide information on all stock offerings and
    made them liable for misrepresentation.
  • 1. Securities and Exchange Commission-
    regulate stock market.

8
  • f. 21st Amendment repealed
  • prohibition
  • 1. Cleared way for alcohol
  • tax for raising government revenue.
  • B. Helping the American People
  • 1. Assisting farmers
  • a. Agricultural Adjustment Act
    (AAA)
  • raise crop prices by limiting
    production
  • 1. Asked farmers not to grow or to
    destroy some crops/livestock

9
  • 2. Providing Work Projects
  • a. Civilian Conservation
  • Corps. 18-25 year old men to
  • work building roads, parks, planting trees, and
    soil-erosion/flood control projects.
  • 1. Paid 30/month 25 sent to family
  • 2. Free food and uniforms

10
  • b. Federal Emergency Relief
    Administration 500 million to provide direct
    relief to the needy.
  • c. Public Works Administration money to
    states to create jobs
  • 1. Schools community
  • buildings
  • d. Civil Works Administration (CWA)
  • 4 million immediate jobs 40,000 schools
  • 1/2 million miles of road
  • e. National Industrial Recovery
  • Act

11
  • 1. National Recovery Administration
    set prices on products to ensure fair competition
  • a. standards for work hours
    child labor laws
  • f. Tennessee Valley Authority (TVA)
    renovated 5 existing dams and constructed 20 new
    ones

12
  • C. New Deal Under Attack
  • 1. Liberals- new deal didnt do enough to help
    the poor and reform the economy.
  • 2. Conservatives- too much direct relief and a
    socializing of the economy.

13
  • a. court-packing bill
  • b. called for appointment of 6 new justices
  • 1. Why appoint new ones?
  • 2. Never came to fruition
  • 2. Unforeseen changes- appointed 7
    new justices in 4 years.
  • 3. Huey Long- The King Fish
  • a. Share Our Wealth Programs

14
The Tree of Liberty
Liberals
Radicals
Conservatives
15
  • 5. Father Charles Coughlin- Roman Catholic priest
  • a. favored guaranteed annual income
  • b. nationalization of banks
  • c. radio audience of 40 million
  • d. anti-Semitic views cost him
  • support

16
II. The Second New Deal
  1. Second 100 Days
  2. 1. 1936 Election
  3. a. Rep.- Alfred Landon
  4. b. Dems.- FDR
  5. 1. Landslide- FDR
  6. 2. Works Progress Admin. (WPA) constructed
    airports, libraries, hospitals, roads, etc.

17
  • a. 5 Billion budget largest sum ever
    for welfare by one nation.
  • b. employed 8 million people
  • c. employed teachers, artist,
    musicians, etc.

18
  • B. Improving Labor Conditions
  • 1. Fair Labor Standards Act
  • a. est. national minimum hourly rate for
    wages- 25 cents
  • b. est. national maximum workweek- 44
    hours.

19
  • 2. Social Security Act
  • a. old age insurance for retirees 65 or
    older and their spouses.
  • b. unemployment compensation system
  • c. aid to families with dependent children
    and the disabled

20
III. Impact of the New Deal
  • Reforms that Endure
  • 1. 1937 production had returned to 1929
    levels and unemployment was at 14
  • a. 1939 the New Deal was over
  • b. fear of deficit spending spending
    more money than the government receives.

21
  • 2. Expanding the role of the government
  • a. more active role in shaping economy
  • 1. Kicking into economy
  • 2. Creating federal jobs
  • 3. Regulating supply and demand
  • 4. Increased involvement in labor
    disputes

22
  • b. Fed. Govt had to go deep into debt
  • 1. 1934- 3.3 Billion
  • 2. 1939- 2.9 Billion
  • c. So what really ended the depression?
  • 1. Massive spending for guns, tanks,
    airplanes, and other war time equipment.

23
  • 3. Areas effected long term
  • a. Labor
  • b. agriculture
  • c. banking and finance
  • 4. Continued Benefits
  • a. Social Security
  • b. The Environment

24
  • 1. Tennessee Valley Authority (TVA)
    water power for hydroelectric power to prevent
    floods
  • 2. National parks

25
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