FDR & The New DealCh. 18.1 & 18.2

Objectives

Discuss FDR’s early political career

Explain the worsening situation in the U.S. banking system in the early 1930’s

List three programs of the New Deal that created jobs for the unemployed

Discuss why New Dealers felt that the government needed to sometimes regulate industry and labor

I. Rise to PowerA. Background

1. Wealthy Family – Hyde Parka. Harvard & Columbia

-Married Teddy Roosevelt’s niece

2. Politicsa. Senator (NY), Assistant Sec. of

Navyb. Governor of N.Y. (1928)c. President (D) 1932

Roosevelt’s policies during the Great Depression

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1. Square Deal2. Good Deal3. Fair Deal4. New Deal

What paralyzing disease plagued Roosevelt?

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1. Parkinson's2. Measles3. Polio4. Common cold

II. The First New DealA. First 100 Days:1. Fixing the Banks & Stock Marketa. Emergency Banking Relief Act-bank holiday (closed)-Gov. backing of banks*restore trustb. Securities & Exchange Commission-regulate market/ prevent fraud-Glass-Steagall Banking Act *investment commercial

Provided government insurance up to a certain amount on bank deposits

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Closing banks before bank runs could put them out of business was what?

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1. Gold standard2. Bank holiday3. Bank vacation4. Commercial bank

To regulate the stock market and prevent fraud, Congress created an independent agency called?

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1. Securities Act2. Federal Deposit Insurance Corporation3. Securities and Exchange Commission4. Emergency Banking Relief Act

The Glass-Steagall Act separated investment banking from

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1. Bank holidays2. Securities and exchange commission3. Treasury dept.4. Commercial banking

FEDERAL DEPOSIT INSURANCE CORP.

3. Federal Deposit Insurance CorpIII. Managing Farms & Industry

A. Agricultural Adjustment Administration1. $ to NOT grow crops

a. supply to pricesB. Blueprint for Industrial Recovery

1. Nat’l Industrial Recovery Act (NIRA)a. suspended anti-trust laws -Nat’l Recovery Administration (NRA)

Suspended the anti-trust laws

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1. Fireside chats2. Civilian conservation corp.3. Fed. Emergency Relief Admin4. Nat’l Industrial Recovery Act

What was the period between 3/26/2933 – 6/16/1933, when congress passed 15 major acts to meet the economic crisis

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1. First new deal2. First hundred days3. New nationalism4. New freedom

PROVIDING RELIEF

IV. Providing Debt ReliefA. Home & Farm Refinancing

1. Home Owners Loan Corp.

2. Farm Credit Administration

V. Spending & Relief ProgramsA. Civilian Conservation Corp.B. Public Works AdministrationC. Civil Works Administration

-cancelled due to over $

Direct talks via radio that FDR held with the American people

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1. TV side Chats2. Table side chats3. Fireside chats4. Microphone side chats

The PWA was created as a federal relief agency to put to work the unemployed in the

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1. Arts & entertainment industry2. Mining industry3. Construction industry4. Fishing industry