ch. 22
DESCRIPTION
Ch. 22. The New Deal. 9.7%, August 2009. -FDR elected -Democrat, reformist. Election of 1932. -promised relief -more public works programs. Fdr’s strategy. -cheerful, optimistic, -overcame his own disability -very effective orator fireside chats. FDR as a person. - PowerPoint PPT PresentationTRANSCRIPT
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Ch. 22The New Deal
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9.7%, August 2009
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ELECTION OF 1932
-FDR elected
-Democrat, reformist
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FDR’S STRATEGY
-promised relief
-more public works programs
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FDR AS A PERSON
-cheerful, optimistic,
-overcame his own
disability
-very effective orator
fireside chats
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ELEANOR ROOSEVELT
-FDR’s cousin!!
-very helpful to FDR
-FDR valued her insight
-”My Day”
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FIXING BANKS
-banking system
-”bank holiday”
-Emergency Banking Act
-first fireside chat
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MORE BANKING REFORMS
-Glass-Steagall Act
-FDIC
-within 1 month, $1 billion in deposits reenter the banking system
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THE HUNDRED DAYS
-Roosevelt’s first one hundred days in office
-passes 15 major pieces of legislation
-aimed at fixing the economy; New Deal
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FDR’S NEW DEAL
FDR’s plan to provide:
1.) relief for people
2.) recovery of the economy
3.) reforms that would prevent economic crises in the future
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NEW DEAL LEGISLATION
-CCC -Federal Securities Act
-AAA -SEC
-subsidy
-NIRA -TVA
-PWA -p.706-707
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AFTER THE HUNDRED DAYS
-Civil Works Administration
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EFFECTS/ RESISTANCE TO THE NEW DEAL
-most Americans happy with New Deal programs
-too much gov’t involvement?
-some say President too powerful
-too radical/not radical enough
-old people?? -Supreme Court Cases
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SECOND NEW DEAL
-Election of 1936- FDR wins again
-Democrats hold ¾ of seats in Congress
-Congress passes laws extending government oversight of the banking industry; raises taxes on the wealthy
-WPA
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SOCIAL SECURITY
-pensions for people 65 & older
-old people didn’t have to worry about hunger/$$
-unemployment insurance
-did exclude some workers
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LABOR
-American Federation of Labor (AFL)
-Committee for Industrial Organization (CIO)
-GM sit-down strike
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GM’S RESPONSE
-asks MI for help
-shuts off power/water
-police to block food supplies
-we give up!
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FDR MESSES WITH THE JUDGES
-FDR mad that courts had
reversed some New Deal plans
-asks Congress to reorganize the courts
-give the President the power to expand/appoint justices
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FDR HAS TO SPEND $$
-Economy still in trouble
-Fall 1937- another sharp drop in the Stock Market, jobs lost
-FDR has to break with his dream of cutting the deficit
-John Maynard Keynes-
-1938-economy a little better