THE NEW DEAL

1
THE NEW DEAL

• Roosevelt (Rep.) wins 1932 election
• Pledged action, and action now
• The whole country is with him
• believed Roosevelt completely
• Clear, confident and strong
• HOPE

2
THE NEW DEAL

• 15 relief and recovery measures
• Promised a new deal for the American people
• Congress approved all 15 measures in a special
  session

3
THE NEW DEAL

• Banking industry
• - bank holiday Roosevelt closed every bank to
  stop massive withdraws.
• - fireside chats Roosevelts radio broadcasts
  from the White House
• - 60 million listened
• - the next day 1 billion in deposits
• EMERGENCY BANKING ACT
• - Federal govt examine all banks and only those
  financially sound can reopen

4
THE NEW DEAL

• FDIC Federal Deposit Insurance Corporation
• 2. Farmers
• - FCA Farm Credit Administration
• - HOLC Home Owners Loan Corporation
• 3. Direct Federal Relief
• - Progressive Era reforms
• - Eleanor Roosevelt 1st Presidential wife to
  take an active advisory role.

5
The New Deal

• FERA Federal Emergency Relief Administration
• CWA Civil Works Administration
• CCC Civilian Conservation Corps
• 4. Economic Recovery
• - priming the pump increasing federal loans
  and government spending to stimulate the economy
• a. Create Jobs b. Boost Investment

6
THE NEW DEAL

• NIRA National Industrial Recovery
• Act
• PWA Public Works Administration
• NRA National Recovery
• Administration

7
THE NEW DEAL

• AAA Agricultural Adjustment Act
• Subsidies Federal government paid farmers to
  reduce their crop production. came from taxes
  levied on food processors, meat packers, canners
  and flour millers
• STFU Southern Tenant Farmers Union
• NIRA, NRA AAA Unconstitutional
• Balance to growing Federal Govt Involvement

8
THE NEW DEAL

• TVA Tennessee Valley Authority
• Federal deficit growing
• 1933 1.3 billion
• 1936 3.5 billion
• WPA Works Progress Administration
• NYA National Youth Administration

9
SOCIAL SECURITY ACT1935

• Unemployment insurance for workers who lost their
  jobs.
• - funds from payroll taxes on businesses
• 2. Provided pensions for workers over 65 years
  old.
• - funds from payroll tax on employers and tax on
  employees wages
• 3. Fed/State shared program for payments to the
  blind, disabled, elderly and wives and children
  of male workers who died.

10
THE NEW DEAL

• 5. weeding out the overprivileged and
  effectively lifting up the underprivileged
  Roosevelt
• Uneven distribution of wealth
• REA Rural Electrification
  Administration
• Federal regulation of interstate gas and
  electricity production, transmission and sale.
• Wealth Tax Act 1935
• Increased taxes for nations richest people and
  business profits over 10

11
1936 Presidential Election

• Depression continued
• Supporters
• Roosevelt-Demo Republicans
• -Labor Unions -Business Owners
• -Farmers -Conservative News-
• -Americans on paper editors
• Relief Programs -Wealthy Americans
• -African Americans

12
1936 ELECTION Cont

• Republicans charged that Roosevelts programs
  were
• Unconstitutional
• American Individualism
• Free Enterprise
• Private Property
• Socialism Federal Government owns and controls
  major industries

13
1936 ELECTION Cont

• Roosevelt wins
• All states but Maine and Vermont