objectives 13.1
Post on 25-Jan-2016
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Analyze the impact of Franklin D. Roosevelt had on the American people after becoming President
Describe the programs that were apart of the first New Deal and their immediate impact
Identify critical responses to the New Deal
Franklin Delano Roosevelt (FDR)=New Deal (gov. intervention)
Hoover=leave to local and state gov. and private agencies
FDR’s wife’s -Eleanor Roosevelt
“Brain Trust” helped create New Deal
New Deal program…3 goals◦ Relief, recovery, reform
FDR used the radio to communicate with people ◦ Called “Fireside” chats
Emergency Banking Bill◦ 4 day “bank holiday”◦ Get accounts in order
FDR urged Americans to return their money to banks◦ By the end of March, 1933, $1 Billion was returned to
banks in the form of deposits Congress created the FDIC (Federal Deposit
Insurance Corporation) to insure accounts up to $5,000 ◦ SEC (Securities and Exchange Commission) regulates
stocks
1st 100 Days of FDR’s Presidency!
Agricultural Adjustment Administration (AAA)◦ End overproduction and raise crop prices◦ Gov. provided financial aid to not plant part of their land
and to kill off excessive livestock◦ By 1934, farm prices began to rise
Tennessee Valley Authority (TVA)◦ built new dams in Tennessee River Valley◦ Replanted forests, built fertilizer plants, created jobs
Civilian Conservation Corps (CCC)
Helped 2 million 18-25 year old men
Planted trees & created parks
Federal Emergency Relief Administration (FERA)◦ Granted federal funds to
state and local agencies to help the unemployed
Civil Works Administration (CWA) ◦ Short-lived◦ Jobs on public-works
projects Home Owners Loan Corp.
(HOLC)◦ low interest rate home
loans to people who couldn’t pay mortgage
Developed codes of fair competition to govern whole industries
National Recovery Administration (NRA)◦ Regulated production, wages, and prices
PWA-Public Works Administration -Built bridges, dams, power plants, and gov. buildings
Right- New Deal too powerful Left-Not enough! Populist- Challenge FDR
◦Francis Townsend - Wanted gov’t to grant a pension of $200/ month to every American over 60 years old
◦Charles Coughlin – FDR not doing enough. Calls for nationalization of industry.
◦Huey Long - Proposed “Share Our Wealth” program Tax the rich and give to the poor Eventually was assassinated
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