THE NEW DEAL

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Election of 1932

Franklin Roosevelt Political Experience Personality and Disability Reform minded Overwhelming victory!

The New Deal Was not idle during 4 month

waiting period “Brain Trust”- diverse group

of influential men and women Promised the American

people “A New Deal”

The Hundred Days

Bank Holiday, March 5 March 9- June 16, 1933

Intense activity New Deal legislation

Fireside Chats Radio show

Issues of public concern Clear, simple language

The Hundred Days Banking and Finance

Regain public’s trust in banks Glass-Steagall Act (attempt to

reorganize banking) Established Federal Deposit

Insurance Act (FDIC) Federal Securities Act

Provide complete information on all stock offerings and made them liable for any misrepresentation

Securities and Exchange Commission (SEC)

Raise taxes by taxing alcohol

Ready for some “Alphabet Soup?”

CCC AAA

NIRAHOLC

FHA

FERA

NRA

Helping the American People Rural Help

Agricultural Adjustment Act (AAA) Raise prices, lower production

Work Projects Civilian Conservation Corps (CCC)

Work building roads, developing parks, planting trees, help in soil-erosion and flood control projects

Segregation in Virginia National Industrial Recovery Act

(NIRA) Money for states to create jobs in

the construction of schools and other community buildings

Civil Works Administration (CWA) 4 million immediate jobs

https://www.youtube.com/watch?v=URqvgTUekQQ

Other Programs

Home Owners Loan Corporation (HOLC)- provided government loans to homeowners who faced foreclosure because they could not meet their loan payments

Federal Housing Administration (FHA)-furnish loans for home mortgages and repairs.

Federal Emergency Relief Administration (FERA)- provide direct relief to the needy

National Recovery Administration (NRA)- set price of products and established standards Promote fair practices, promote industrial growth

FDR 1932

"The country needs and, unless I mistake its temper, the country 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."

American Liberty League

Conservatives in 1934 Wanted to defend and uphold the

Constitution Opposed the New Deal

Violated respect for rights of individuals and property

Conservative Critics:

Dr. Francis Townsend Charles Coughlin Huey Long

appeal to poor Americans