Roosevelts First New Deal
Lynn Hong and Il-jee Kam Objective number one.Compare and contrast the first andsecond New Deals and evaluate thesuccess and failure of the relief,recover, and reform measuresassociated with each. New Deal Program The Rhetoric of the American Presidency. February 17, Penn State. December 9, 2008.[http://www.personal.psu.edu/t3b/courses/SpCom597Spring2002/spcom597Cspring2002syllabus.htm] Franklin D. Roosevelts series of programs tosave American economy from depression. These series of initiatives imparted much greater degree ofsecurity, safety, stabilityto american life in all kinds of sectorsincluding; banking sector investing home building, and owning,and employment First New Deal (1933-1934) Text book Page. 751: List of Programs
Emergency Banking Act (1933) Federal Deposit Insurance Corporation (1933) Agricultural Adjustment Administration (1933) Tennessee Valley Authority (1933) Civil Works Administration (1933) People outside the bank to withdrawal money
EmergencyBanking Act Gave administration the rightto regulate banks Bank Holiday- closing everybank in nation for few days toprevent massivewithdrawals. FDR- To protect the civiliansmoney acbarr7333, Bank Panic by Amanda Barrett. April 12, People outside the bank to withdrawal money Federal Deposit Insurance Corporation (FDIC)
kenyee. fdic circle.November 24,2004. Insured individual bank deposits up to $5,000 Propaganda Protecting and ensuring Bank deposits... Since the start of the FDIC insurance program, not a single depositor has lost a single penny of insured deposit from a bank failure. Our mission to insure and protect is as vital and relevant today as ever.... rromanchuk. FDIC Propaganda. July 2, Agricultural Adjustment Administration (AAA)
Paid farmers to reduce crops: funded by a taxon food processors; later declaredunconstitutional increase purchasing power AAA pays farmers to reduce crops (wheat, corn etc) and livestock (hogs) raise farm commodities and wages induce shortage Tennessee Valley Authority (TVA)
Constructed damns and power plants toimprove social and economic welfare in theregion Video on Tennessee Valley Authority!Take notes as you watch! Civil Works Administration (CWA)
Employed jobless people towork on federal, state, andlocal projects examples*;-road construction and improvements-bridge construction and maintenance-waterway improvements-play-field and park improvements-water and sewage pipeline repairs-school maintenance projects-hospital and nursing activities -airport improvements temporary jobs. Bridge construction over the Cedar river in Barneston (March 19, 1934) *Civil Works Administration Photographs.No date.University of Washington. December 9, [http://content.lib.washington.edu/civilworksweb/index.html]. Roosevelts Second New Deal
Sarah Lee and Michelle Lim Objective number two.How effective was the New Dealpolicies and assess their arguments. Outcomes of the First New Deal Successful Relief Emergency BankingAct & Federal DepositInsurance Corporation(FDIC): ReestablishedAmerican Faith inbanks. The CWA: 4 millionworkers employed in and 1934. Successful but temporary. Failed Recovery AAA: Farmers killed off crops and livestock toadjust prices in the market. Ignored Starvation: Unconstitutional Only benefitted large farms Ignored starvation: Unconstitutional. Quote from: http://newdeal.feri.org/nation/na34185.htm
Failed Recovery: AAA The contract should have been drawn so that the benefit payments would have been made directly to landlords and tenants in proportion to their respective interests in the crop.... Under the 1934 and 1935 contract the landlord has everything to gain and the cropper everything to lose. Dr. Paul W. Bruton (former AAA staff) Quote from: Failed Recovery How did only large-land holding farmers benefit?
Production Cut Sharecroppers Fired Large farmers keep all government payments Poor farmers even poorer Limited Reform Success of TVA Dams, power stations
Malaria, illiteracy,soil erosion, livingstandards improved Published 1938, Mansfield, Ohio News Journal
Published 1936, Kansas City Star Published 1938, Mansfield, Ohio News Journal Limited Reform Civil Rights: Success and Failures
African Americans: Discrimination in TVAtowns. American Indians: Indian Reorganization Act(1934). Protect religious freedom and tribalproperty Quick Review Program What did it do? Outcomes Effective?
Emergency Banking Act Bank Holiday American faith in banks restored Federal Deposit Insurance Corporation Insured bank deposits Agricultural Adjustment Administration Cut down crops and livestock to adjust prices Only benefits large farms. Tennessee Valley Authority Build dams, improve living conditions Improved living conditions, but private utility companies suffer Civil Works Administration Provide jobs through federal projects Unemployment decreases, but only temporarily.