The only thing we have to fear isfear itself' - PowerPoint PPT Presentation

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The only thing we have to fear isfear itself'

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FHA = Federal Housing Administration. Created bank loans to build more homes ... Gave loans to farmers; controlled production. 4. Fixing Unemployment. Need to ... – PowerPoint PPT presentation

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Title: The only thing we have to fear isfear itself'


1
Franklin Roosevelts New Deal
  • The only thing we have to fear isfear itself.

The only thing we have to fear is Fear itself!!
2
FDR - Building Confidence
  • Needed to build trust with the people
  • Used the radio
  • Fireside Chats
  • Felt like he was talking
    directly to you
  • People felt the President worked for them

3
FDRs New Deal Programs
  • Called his ideas the New Deal
  • New Deal Focused on fixing five things
  • Fix Banks
  • Create more relief
  • Help farmers
  • Reduce unemployment

5 Stock Market
4
1. Fixing the Banks
  • Ordered all banks to close for 4 days
  • Kept people from withdrawing cash
  • When banks reopened, withdrawing stopped
  • Created the FDIC
  • Federal Deposit Insurance Corporation
  • Insured deposits up to 5000
  • If a bank failed, your is guaranteed

5
2. Creating Relief
  • States were running out of relief
  • Created FERA
  • Federal Emergency Relief Act
  • Federal given to states for relief
  • FHA Federal Housing Administration
  • Created bank loans to build more homes
  • TVA Tennessee Valley Authority
  • Created electricity for Southern states (H20)

6
More Relief
  • SSA Social Security Act
  • Created old age retirement money
  • Also gave money to unemployed

7
3. Helping Farmers
  • Needed to reduce supply raise prices
  • AAA Agricultural Adjustment Act
  • Gave loans to farmers controlled production
  • Plow under extra fields, destroy livestock
  • FMMA Farm Mortgage Moratorium Act
  • Prevented banks from foreclosing 3 years

8
4. Fixing Unemployment
  • Need to create jobs!!!
  • Created WPA Works Projects Admin.
  • Jobs for building streets, bridges, hwys
  • PWA Public Works Administration
  • Jobs for building schools, houses, dams

9
Still Fixing Unemployment
  • CCC Civilian Conservation Corps
  • Camps for men conservation projects
    (reforestation, dug ditches, fight fires /floods)
  • NRA National Recovery Act
  • Improved labor rights for workers

10
5. The Stock Market
  • SEC Securities and Exchange Commission
  • Supervise the Stock Market

11
Results of the New Deal
  • Mixed results
  • Farmers saw a rise in prices made more
  • Unemployment was still high
  • Bread lines, soup kitchens were still full
  • Banks were recovering
  • People still sold apples in the street
  • Social Security gave people more
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