FRANKLIN ROOSEVELT AND THE NEW DEAL

FRANKLIN ROOSEVELT AND THE NEW DEAL

PRESIDENT FRANKLIN ROOSEVELT

PRESIDENT FRANKLIN ROOSEVELT

• Franklin D. Roosevelt was elected 1932

• 1st democrat since Woodrow Wilson

• Before he became President: New York legislature, Assistance Secretary to the Navy, Governor of New York

• The best thing going for Roosevelt was he wasn’t Hoover

FIRST 100 DAYSFIRST 100 DAYS

• Roosevelt felt he had to deal with 3 r’s: Recovery, relief, and reform

• In the first 100 days of Roosevelt’s administration he passed 15 major laws

• Many of these laws dealt with these 3 r’s

BANK CRISISBANK CRISIS

• The first problem was the banking crisis

• Runs on banks depleted money supplies

• Banks were forced to close• People refused to deposit in

banks (they lost faith in banks)• Declared a bank holiday

March 5th-9th• The government rushed

money to banks to make them financially secure

• People again started to deposit funds

DIRECT VS. INDIRECT RELIEF

DIRECT VS. INDIRECT RELIEF

• One major difference between Rosy and Hoover was relief

• Hoover did not believe in direct relief (giving people money)

• Roosevelt encourage direct relief

• The Federal Emergency Relief Administration distributed over $500 million for direct relief

RELIEF TO RECOVERYRELIEF TO RECOVERY

• We don’t want people to just rely on dole

• Roosevelt needed to put people back to work

• The Civilian Conservation Corps. employed thousands of men 18-25 years old

• They would receive 30 dollars a month, 25 of which would be sent home

• They would go around the country creating and maintaining national parks, creating reserves, and building dams and other public works projects

MORE RECOVERY PROGRAMS

MORE RECOVERY PROGRAMS

• The Public Works Administration (PWA) had a budget of 3.3 billion dollars and worked on the infrastructure of the U.S.

• The National Recovery Administration (NRA) tried to help business leaders, unions, and workers get back to business

• They would fine businesses would did not follow the working code

• The Agricultural Adjustment Administration (AAA) paid farmers a subsidy to farmers who would stop producing so much

• The bought the excess supply also• The Tennessee Valley Authority but

dams and provided electricity to southeastern states

REFORM IN BANKS AND STOCK MARKET

REFORM IN BANKS AND STOCK MARKET

• Roosevelt also passed the Truth-in-Securities Act which prohibited fraud in the Stock Market

• The Glass-Steagall Banking Act prohibited banks from investing in the Stock Market

• The Federal Deposit Insurance Corporation which insured banks who belonged to this

ROOSEVELT COMFORTS THE NATION

ROOSEVELT COMFORTS THE NATION

• Roosevelt was very good at speaking to the public

• He held fireside chats frequently which were just informal talks with the public using the radio

• He would speak in simple terms that everyone could understand

• This endeared him to the public• He held weekly press

conferences with reporters and he would answer questions

• This was very different that most presidents before him

ELEANOR ROOSEVELTELEANOR ROOSEVELT

• His wife Eleanor was a great influence on him

• She really showed him the other side of life before he took public office (he really only knew about the wealthy life)

• She would travel across the nation because FDR could not and spoke for the programs that FDR had enacted

• Because Roosevelt had such a positive attitude and caring feel about him the American people became to love him

IMPACT OF ROOSEVELT RIGHT AWAY

IMPACT OF ROOSEVELT RIGHT AWAY

• Roosevelt’s established credibility in the government again

• He was very optimistic and energetic

• He made people believe that if we worked together we would be ok

• Right person at the right time