The New Deal

Meet Franklin Delano RooseveltPolio SurvivorNorth Easterner (NY)Came from moneyA gifted speakerHis job, starting March 4, 1933, was to restore faith in the Government and fix the nations economic problems The Three Rs:ReliefRecoveryReform

Relief (for people out of work)Recovery (for American business and the economy as a whole) Reform(of American economic Institutions)

The First New Deal, 1933-34 FDR pushed a large amount of legislation through Congress in his first 100 days in office:

FDIC: Federal Deposit Insurance CorporationCCC: Civilian Conservation Corp.TVA: Tennessee Valley AuthorityNRA: National Recovery AdministrationPWA: Public Works Administration.

The First New Deal (1933-34)March 12, 1933, the first of many fireside chats -Radio broadcasts from the President to the American People, meant to make Americans feel more confident about and in partnership with the Government.

Fireside Chats

Federal Deposit Insurance Corporation. This insured bank deposits up to 5,000 dollars (now 250,000)If a bank goes under investors will no longer lose all of their money.

FDIC

CCCCivil Conservation Corporation. Paid 2 million young, unmarried men to do manual labor for the Government like planting trees and building the Blue Ridge Parkway.An organization where young men went to find work and where the money was sent to the family.Why is this a good idea?

Tennessee Valley Authority. Built dams on the Tennessee river and powered the region around the Tennessee River. REGIONAL IMPROVEMENT

TVA

National Recover y AdministrationWorking with leaders in each major industry,, the NRA developed codes for fair competition to govern whole industries

NRA

Public Works Administration: Built major public Works that are still in use today. This employed millions of people, especially in the construction industry.PWA

Agricultural Adjustment Act. Gave financial aid to people that would not plant land or to kill off excess stock. Meant to raise Prices.

AAA

Securities and Exchange Commission: Regulated Wall Street in order to prevent the same sort of thing from happening in the future.SEC

How the role of the Federal Government change from the 1920s to the 1930s? There were many critics of the New Deal. How would the following people have criticized the New Deal? Explain.A conservative, big business ownerA socialistA poor farmer or worker

Critical ThinkingWas the First New Deal successful in ending the Depression? In order to analyze the question you have to consider a couple of questions:First, what were the three main purposes of the first New Deal? Second, what were the problems of the Great Depression that had to be solved?Third, in what way and how successfully did the New Deal solve those problems?

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