The New Deal

1
The New Deal

• FDR- Franklin Roosevelt

2
FDR- President in 1932

• Brain Trust
• Made up of lawyers, professionals, and
  journalists- worked on programs to alleviate
  depression

• The New Deal
• Focuses on three main things
• Relief
• Economic recovery
• Financial reform

3
The 100 Days

• Over a hundred day period Congress passed more
  that 15 major New Deal legislations
• The Legislation expanded the federal governments
  role in the nations economy

4
Federal Program Business Assistance and Reform What was the immediate purpose? What was the long term goal?
Emergency Banking Relief Act EBRA Authorized the treasury Dep. To inspect and close banks To restore public confidence in the banks
Glass-Steagall Banking Act of 1933 Establish the FDIC Restore public confidence in the banks
Federal Securities Act Require corporations to provide complete info. On stock offerings Restore public confidence in the stock market
National Industrial Recovery Set prices, establish labor standards To ensure fair business practices and to promote industrial growth
5
Farm Relief/Rural Development What was the immediate purpose? What was its long term goal?
Agricultural Adjustment Act AAA Paid farmers to lower production To raise crop prices and farmers income
Tennessee Valley Authority TVA Built and repaired dams and other projects in Tenn. Valley To create prosperity in impoverished Tenn.
6
Employment Projects What was its immediate purpose What was its long term goal
Civilian Conservation Corps CCC Put young men to work on railroad building and conservation projects To reduce employment
Federal Emergency Relief Administration FERA Provide direct relief for the needy Provide basic needs hit hard by the Depression
Public Works Administration PWA Provide money to states to create jobs To reduce unemployment
Civil Works Administration CWA Provide 4 million jobs immediately To reduce unemployment
7
Housing What was the Immediate purpose? What was its long term goal?
Home Owners Loan Corporation HOLC Provided government loans to homeowners who faced foreclosure To help families keep their homes
8
FDR- Fireside Chats

• FDR- had radio chats to let the American people
  know about issues of public concern to explain to
  them in clear simple language, what his new deal
  plans were.
• Do you think this helped FDR and the American
  people?

9
Result of the 100 days

• Deficit spending- government spending more money
  than the revenues it receives
• Did the New Deal end the depression?
• Why didnt the people blame FDR for ending the
  depression when they blamed Hoover?

10
Impact of the New Deal

• 1937- Congress urged cutting back New Deal
  Programs the result
• Increase in unemployment
• Decrease in industrial production
• The New Deal and the Depression
• helped reduce suffering
• jobs, food, money
• Regain dignity

11
The New Deal Affects many Groups of the 1930s

• Women
• Gains- women were appointed to important federal
  positions, slight increase in the of women
  working outside the home
• Problems- discrimination in the workplace, low
  wages, discriminatory hiring practices

12
New Deal Affects

• African Americans
• Gains- increased political voice through greater
  access to the president, organizations created
  for tenant farmers
• Problems- Segregation, violence, racism,
  discrimination in all areas of life, poll tax
• Political Realignment- African Americans left the
  Republican Party for the Democratic Party.

13
New Deal Affects

• Labor Unions
• Gains- better working conditions, increased
  bargaining power, increase in union membership
• Problems- strikes, big business opposition to
  labor unions

14
New Deal Under Attack

• The American Liberty League
• Opposed the New Deal believed that it violated
  respect for the rights of individuals and
  property
• Charles Couglin
• Dr. Francis Townsend
• Huey Long

15
Second New Deal

• The second Hundred Days
• The first two years of FDRs presidency the
  economy had improvedBUT not enough!
• Unemployment remained high
• Production lagged
• More extensive relief was needed for farmers and
  workers

16
Protecting Workers Rights

• Wagner Act and Fair Labor Standards Act
• Set standards for wages, hours, banned child
  labor, ensured the right of workers to organize
  and bargain with Employers
• TODAYS IMPACT- National Labor Relations Board
• Act as a mediator in labor disputes between
  unions and employers

17
Banking and Finance

• Securities and Exchange Commission (SEC)
• Monitors the stock market and enforces laws of
  stocks and bonds
• Federal Deposit Insurance Corporations (FDIC)
• Savings and protection loss up to 100,000

18
Social and Environmental Effects

• Social Security
• Provides insurance program, unemployment
  compensation, aid to disabled, and families with
  dependent children
• Framers of this Act saw it primarily as a
  relief bill
• Farming
• Agricultural price supports