Topic: Franklin D. Roosevelt and the New Deal: Was it a

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Topic Franklin D. Roosevelt and the New Deal
Was it a revolutionary program?

• Do Now
• "The country needs and . . . demands bold,
  persistent experimentation. It is common sense to
  take a method and try it. If it fails, admit it
  frankly and try another. But above all, try
  something."
• Franklin D. Roosevelt 1932 Campaign Speech
• Interpret the meaning of this statement

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The Election of 1932 and the 1st Hundred Days

• Election 1932
• FDR defeats Hoover
• Bold, Persistent Experimentation
• FDR coalition North and South
  African-Americans
• Democrat majority in Congress
• FDRs 1st Hundred Days
• Numerous measures passed
• Relief, Recovery, Reform
• Alphabet agencies pump priming and public
  works
• Brain Trust of advisors
• Fireside Chats
• 21st Amendment repeal of Prohibition

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Alphabet Agencies helping the forgotten man

• Civilian Conservation Corps (CCC)
• Young men
• Cleaning parks, etc.
• Federal Emergency Relief Act (FERA)
• Jobs Unemployment benefits
• Works Progress Administration (WPA)
• Infrastructure, the arts, etc.
• Tennessee Valley Authority (TVA)
• Hydroelectric dams
• Government owned (cheap power and jobs)
• Socialist Experiment?
• Agricultural Adjustment Act (AAA)
• Limiting farm production (raise prices)
• Social Security Act (SSA)
• Old age pension

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New Deal Two Views
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Fixing the Financial Structure

• Depression run on the banks ? bank failures
• FDR to restore confidence in banks
• Bank Holiday
• Glass-Stegall Act ? FDIC
• managed currency
• US briefly off gold standard
• Paper money used to create inflation
• Raise prices, help debtors
• Cleaning Up Wall Street
• Securities Exchange Commission (SEC)

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Conclusion

• Despite superficial similarities, the domestic
  programs of the New Deal were a fundamental
  departure from those of the Progressive Era.
• Defend or Refute this statement