happy days ARE HERE AGAIN BY ANNETTE HANSHAW
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1 happy days ARE HERE AGAIN BY ANNETTE HANSHAW
2
3 UNIT 5 - DAY 4 FDR & THE NEW DEAL
4 election of 1932 FRANKLIN D. ROOSEVELT Democrat, Governor of New York from a wealthy and renowned family, he was a cousin of Theodore Roosevelt Popular as a reformer, FDR fought poverty and unemployment in NY HERBERT HOOVER Republican, Incumbent President of the United States his approval rating in ruins, Hoover had little chance at re-election He was blamed for worsening the Depression, and American wanted change
5 roosevelt is ELECTED ROOSEVELT S LEGACY THE new deal, WWII leadership, one of the greatest presidents Franklin Delano Roosevelt beats Hoover by 7 million votes (mandate) FDR s greatest asset was his overwhelming optimism & confidence his can-do attitude was exactly what Americans needed at the time FDR was extremely charismatic & a master communicator who spoke to Americans as his friends"
6 election of 1932 RESULTS
7
8 waiting to TAKE OFFICE Before taking office, FDR began planning to fight the Depression he convened an elite group of advisors known as the Brain Trust FDR designed a series of policies that would become The New Deal New Deal programs would combat the economic problems of the Dep. thru public works & direct relief FDR s New Deal had 3 goals: relief recovery reform
9 AND THEN, ON MARCH , BECOMES president THE HUNDRED DAYS Franklin Delano Roosevelt implemented over 15 New Deal programs that expanded the Federal Government s role in the national economy over an intense period from March to June, 1933.
10 the NEW DEAL TAKES ON reform
11 THE BANK HOLIDAY One day after taking office, FDR ordered a Bank Holiday, closing all banks to stop panicked withdrawals EMERGENCY BANKING RELIEF ACT FDR authorized the Treasury to inspect banks for stability, closing bad banks and allowing only strong banks to reopen SECURITIES AND EXCHANGES COMMISSION The SEC regulated the stock market and made it illegal to rig the stock market w/ insider trading banking & FINANCE reform FDR s first priority was to stabilize the banks and restore faith in the financial sector glass-steagall act Created the Federal Deposit Insurance Corporation (FDIC) which insured accounts $5k and up & protected people s $
12 THE BANK HOLIDAY SECURITIES AND EXCHANGES COMMISSION EMERGENCY BANKING RELIEF ACT glass-steagall act banking & FINANCE reform WHAT WAS THE EFFECT? CONSUMER CONFIDENCE IN THE BANKING SYSTEM WAS RESTORED AND AMERICANS BEGAN DEPOSITING THEIR SAVINGS BACK INTO BANKS, MAKING MONEY AVAILABLE AGAIN
13 the NEW DEAL stimulates RECOVERY
14 STIMULATING RECOVERY FDR launched programs to help farmers & agriculture recover AGRICULTURAL ADJUSTMENT ACT The AAA paid farmers to leave a portion of their fields unseeded reducing the surplus of crops would raise prices, increase farmers income TENNESSEE VALLEY AUTHORITY the TVA constructed dams in the impoverished Tennessee River Valley it created jobs, provided flood control, irrigation, cheap electricity
15
16 the NEW DEAL provides RELIEF
17 providing DIRECTRELIEF FDR also created programs aimed at creating jobs thru public works CIVILIAN CONSERVATION CORPS. The CCC gave jobs to young men 18-25, building roads & public parks wages were sent home to families & workers were fed, housed in camps public works administration the PWA gave $ to states for jobs to construct schools, public buildings CIVIL works administration the CWA created 4 million jobs in construction & school teacher jobs
18
19 while these programs HELPED, fdr provided ADDITIONAL AID the poor and needy required direct relief the nation s industries needed to be reformed to promote growth homeowners who were buried in debt needed assistance WHICH LEADS TO...
20 more NEW DEAL of the RELIEF RECOVERY reform
21 RELIEF more of the NEW DEAL FEDERAL EMERGENCY RELIEF ADMINISTRATION FERA granted $500M in food, clothes, shelter, and work programs for unemployed, sick, and aged HOME OWNERS LOAN CORPORATION HOLC provided new, low interest home loans to Americans who were struggling to make payments reform FEDERAL HOUSING ADMINISTRATION FHA insured home loans for Americans with good credit on tight budgets RECOVERY NATIONAL INDUSTRIAL RECOVERY ACT NIRA created the National Recovery Administration which set price controls, wage levels, and work hours to promote fair competition and end layoffs
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