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The Election of 1932&
The New Deal
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Election Results
• Roosevelt won by a landslide in the election of 1932
• FDR received 23 million votes, compared to Hoover who received 16 million
• FDR won electoral votes from all of the states except from 6 in the Northeast-WHY?
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New Deal
• In March, 1933, FDR (Franklin Delano Roosevelt) was inaugurated into the presidency
• Roosevelt formulated a program known as the “New Deal”
• The name was taken from a phrase in one of FDR’s speeches in which he promised a “new deal for the American people” i.e. **FRESH START**
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New Deal
• Three goals of the New Deal
–Relief for the needy-(LIKE WELFARE)
–Economic Recovery-(“FIX” SYSTEMS-i.e. banks)
–Financial Reform-(CHANGE)
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Hundred Days
• Upon taking office, FDR launched into a period of intense activity, known as the Hundred Days (March 9, 1933-June 16, 1933).
• During this time, Congress passed 15 major pieces of legislation , which expanded the role of the Federal government in the nation’s economy.
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Bank Reform
• Roosevelt’s first step as president was to institute banking and finance reforms
• FDR established the first Bank Holiday.
He closed all banks to prevent future withdrawals.
• Congress then passed the Emergency Banking Relief Act to inspect banks. Those that were sound remained open, and those that could not pay debts closed.
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Fireside Chats
• On March 12, the day before banks were to reopen, FDR gave his first fireside chat
• Fireside Chats were radio talks the FDR gave
occasionally about issues of public concern
• These “chats” made Americans feel as if the
president were directly talking to them
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