section 3 roosevelt and the new deal. the election of 1932 fdr once sec. of assistant to the navy...
TRANSCRIPT
THE ELECTION OF 1932
FDR Once Sec. of Assistant to the Navy Gov. of NY Promised Gov’t Aid to Americans Believable campaign message Landslide Victory
Electoral votes: 472 FDR to 59 Hoover
HOOVER Blamed for the Depression Depression worsened during Election process
FDR’S FIRST HUNDRED DAYS
Immediate plan to get out of the Depression Very busy
Called for special session in Congress New Deal
His plan Passed numerous/varied programs with a variety
of economic purposes
THE 3 R’S
Relief Immediate action to halt the economies
deterioration Unemployed and poor
Recovery Temporary programs to restart the flow of
consumer demand Return the economy to normal levels
Reform Permanent programs to avoid another
depression and insure citizens against economic disasters
Change/improve financial system
THE HUNDRED DAYS
Emergency Banking Act/Bank Holiday Closed Banks for 4 days Gov’t officials looks into banks books
Closed any banks not doing well Only stable banks reopened
Fireside Chats Radio broadcasts from FDR to American people
keeping them up to date and understanding gov’t actions
FDIC Insured Deposits up to $5000 per account
THE HUNDRED DAYS
Federal Securities Act(FSA)Protecting against stock fraud
Securities Exchange Commission (SEC)Regulated companies that sold stock
Home Owners Loan Corporation (HOLC)Offered low interest, long term mortgage
loans to families
THE HUNDRED DAYS
Farm Credit Administration (FCA) Refinanced 1/5 of all farm loans
Federal Emergency Relief Administration(FERA) $500 million to help out Led by Harry Hopkins Most of money went to families
Civilian Conservation Corps (CCC) Men aged 18-25 AND unmarried given jobs to
protect the environment – build/maintain parks, reforestation, etc… Employed about 3 million (300,000 at one time)
Civil Works Administration (CWA) Employed about 4 million Americans
HELPING BUSINESS AND INDUSTRY
National Industrial Recovery Act (NIRA) Goal: Long term economic growth Public Works Administration (PWA)
Spent $4 Billion 34,000 construction projects: Roads, Bridges, Dams
Guaranteed workers’ right to collectively bargain National Recovery Administration
Made industry codes Tried to end child labor and unfair business practices
1935: NIRA declared unconstitutional by Supreme Court
HELPING RURAL AMERICA
Agricultural Adjustment Act (AAA) Paid farmers to reduce production 1936: Declared unconstitutional
Tennessee Valley Authority (TVA) Built dams in seven states along the Tennessee
River Basin Controlled: flooding and soil erosion Generated: cheap hydroelectric power