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?
ENTRY # 39