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New Deal Part One

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sean cunningham

on 2 March 2016

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Transcript of New Deal Part One

The NEW DEAL
FDR and Depression
First 100 Days
Straight to Work: Inauguration March 4th First Action March 5th (
20th Amendment
developed as a result)
Emergency Session of Congress
Emergency Banking Act
(Weed Out Weak Banks)
FDIC
– Federal Deposit Insurance Corporation...Confidence in Banks
Federal Securities Act
Restore Confidence in the Stock Market (reform)......
SEC
1932 Election
A Mandate?
alphabet
Relief, Recovery and Reform

First 100 Days created many key reforms
CCC
FERA
HOLC
TVA
AAA
Congress eager to cooperate with Roosevelt to ensure change and progress
CCC
Created in April 1933.
Within 4 months, 1300 CCC camps were in operation.
Signed up for 6 months and made $30.00 a month.
Over 3,000,000 men served in the CCC .
Goal: Keep teenage young men off the street and away from the job market.
Develop job skills/esteem and improve environment
The FERA
FERA = Federal Emergency Relief Act
- Helped those Most Hurt by the Great Depression by
sending funds to depleting local relief agencies. Within
two hours of its formation $5 million was given out. FDR
believed that men should be put to work and not be given
charity (like Hoover) Difference? - Created govt/not voluntary programs . FERA also funded public work programs.

Outcome:
- Revitalized many deteriorating relief programs.
The FERA
FERA = Federal Emergency Relief Act
- Helped those Most Hurt by the Great Depression by
sending funds to depleting local relief agencies. Within
two hours of its formation $5 million was given out. FDR
believed that men should be put to work and not be given
charity (like Hoover) Difference? - Created govt/not voluntary programs . FERA also funded public work programs.

Outcome:
- Revitalized many deteriorating relief programs.
FERA

FERA = Federal Emergency Relief Act
Helped those Most Hurt by the Great Depression by sending funds to depleting local relief agencies.
believed that men should be put to work and not be given charity (like Hoover) Difference? - Created govt/not voluntary programs . FERA also funded public work programs.
Also called the National Recovery Act.
Helped businesses organize codes setting prices and minimum wage.
Put people back to work at decent jobs, wages and working conditions.
Businesses were not forced to join this.
Declared unconstitutional by the Supreme Court in 1935
See Wagner Act!!!
NRA
The AAA
AAA = Agricultural Adjustment Act
- The AAA tried to raise farm prices. It used proceeds from a new tax to pay farmers not to raise specific crops and animals. Lower production would, in turn, increase prices.
Outcome:
- Farmers killed off certain animals and crops as they were told to by the AAA. Many could not believe that the federal government was condoning such an action when many Americans were starving. Declared unconstitutional.
(New AAA will emerge)
The Dust Bowl
Why?
Critics claimed the TVA was too socialistic; Competing electric companies attacked the TVA for selling cheaper electricity & eliminating competition
Critics claimed the TVA was too socialistic; Competing electric companies attacked the TVA for selling cheaper electricity & eliminating competition
Some of FDR’s First New Deal focused on long-term reforms
Securities & Exchange Commission (SEC) to regulate the stock market
& prevent another stock market crash
Tennessee Valley Authority (TVA)
created dams in 7 states to
provide cheap hydroelectric power & create jobs
The Hundred Days
The 1st act of the 2nd New Deal was Works Progress Admin (WPA), the most comprehensive, direct-assistance program of the New Deal
The gov’t hired 10 million Americans in an attempt to stimulate the economy
WPA created building projects, funded artists, & pumped $10 billion into the economy
The Second New Deal
2nd New Deal High
Point?
WPA EXAMPLES
WPA ARTS

Thomas Hart Benton, 1936
WPA Music Projects
WPA Theater Projects
WPA Writers Projects
Social Security Act (1935) was the 1st U.S. welfare program for the aged, disabled, & unemployed
Old-age pensions to be funded by employers & workers
Unemployment compensation to begin in 1942 funded nat’l taxes but administered by states
Welfare payments for the blind, handicapped, & needy children
Wagner Act (1935)
created the Nat’l Labor Relations Board to oversee labor-management affairs
Mandated management to negotiate with unions regarding pay, hours, conditions if majority of workers vote for a union
Fair Labor Standards Act (1938) created 1st minimum wage & maximum hour laws (aimed at helping non-unionized workers)
Labor Legislation
Measuring relief, recovery, & reform
New Deal was most successful in providing immediate relief to ease economic suffering
The New Deal did not bring economic recovery, redistribute wealth, or end the depression
The New Deal brought major reforms that changed America
CONSEQUENCE?
President Hoover’s initial response was to reassure Americans that
prosperity would return
Hoover rejected bold gov’t action & called for
volunteerism
among charities, local gov’t, & business
As the depression worsened, Hoover called for gov’t projects like the
Reconstruction Finance Corps (RFC)
which loaned money to failing businesses

Bank Failures, 1929-1933
Full transcript