15.1 FDR Tries his “New Deal”. The Hundred Days FDR won the 1932 election against Hoover – FDR promised to help people more & try new ideas, he was a.

15.1 FDR Tries his “New Deal”

The Hundred Days• FDR won the 1932 election against Hoover– FDR promised to help people more & try new

ideas, he was a big-govt. liberal– FDR relied on his “Brain Trust” to come up with

plans for combatting the Depression

The Hundred Days• March 1933: FDR shuts down banks– Banks could only reopen if they weren’t too in debt– Shaky banks would get loans from the govt.– FDR went on the radio in his “fireside chat” to ease

people’s fears about banks going bust

The Hundred Days

• Glass-Steagall Act said banks cannot use the money you deposit for their stock market investments– Your money is now guaranteed by the govt.

(even if the bank fails)

The Hundred Days• Federal Securities Act said businesses have

to be honest about their stocks– And the Security & Exchange Commission now

tracks companies and the stocks they offer

The Hundred Days

• Agricultural Adjustment Act (AAA) helped raise farm prices, helped farmers make more money…– By paying them to

produce less

The Hundred Days• Civilian Conservation Corps (CCC) and the

Public Works Administration (PWA) put people to work– They built bridges, schools, roads, etc.