franklin d. roosevelt the new deal

FRANKLIN

D. R

OOSEVELT

THE N

EW D

EAL

TH

E F

I RS

T 1

00

DA

YS

THE CABINET Harold Ickes (Republican) became the

Secretary of the Interior Henry Morgenthau Jr.

(Democrat/Friend) became Secretary of the Treasury

Frances Perkins (Democrat/First Woman Cabinet Member) became Secretary of Labor

Henry A. Wallace (Republican) Secretary of Agriculture (V.P during the third Presidential Term)

1. Secretary of the Interior.

2. Head of the Public Works Administration

(PWA)

3. Builds the “Hoover Dam”

HAROLD L. ICKES

1.Secretary of the Treasury (Democrat)

2. Responsible for :WPA (Works Progress

Adm)

CCC (Civilian Conservation Corps)

Social Security Act

Supports Labor Unions by backing the Wagner Act

HENRY MORGENTHAU JR.

1. Supported the National Industrial Relations Act (NIRA)

2. Fair Labor Standards Act which creates; Minimum Wage, Overtime, Ends Child Labor, Supports Labor Unions

3. Democrat & First Women Cabinet Member

FRANCES PERKINS

1. Republican, Secretary of Agriculture.

2. Supports the Agricultural Adjustment Act (AAA)

HENRY A. WALLACE

THE B

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TRUST

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EMERGENCY BANKING RELIEF ACT

1. Roosevelt called Congress into session and declared a National Bank Holiday.

2. Designed to get money into the banks to establish trust in the banking system.

3. Takes U.S. off the Gold Standard with Executive Order 6102.

GLASS-STEGALL ACT

1.Separates Commercial Banks and Investment Banks

2.Creates FDIC: Federal Deposit Insurance Corporation

3.FDIC insures your money in the banks.

1. Regulates the Stock Market.

2. Created by Joseph P. Kennedy

3. No “Insider Trading”

4. Businesses must provide “prospectus” or information on a stock’s value.

5. No buying stock, “on margin”

THE SECURITIES & EXCHANGE COMMISSION

Established in 1933The FERA administered over $500 million to states and cities for aid 

The FERA also established the Civil Works Administration (CWA).

Replaced by WPA and SSA

FEDERAL RELIEF ADMINISTRATION (FERA)

1. Temporary jobs for 4 million people.

2. Built: Roads, Schools, Aiports, Libraries.

3.  People were paid for shoveling snow, leaf-raking, filling pot holes.

CIVIL WORKS ADMINISTRATION (CWA)

“PRIMING THE PUMP”

PUBLIC RELIEFThe Public Works Administration (PWA)  The idea was to “pump prime” the economy by creating jobs for people

 These jobs would increase employment, which would add to consumer purchasing, and then stimulate business.

 The Works Progress Administration (WPA)

Provided 9 million jobs over the next eight years. Built the bridges and roads on Route 9

All of these jobs were created under the National Industrial Recovery Act (NIRA)