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FDR and the New Deal
Transcript of FDR and the New Deal
& Mason Johnson FDR and the New Deal FDR and the New Deal: Facts FDR and the New Deal: Successful Acts FDR and the New Deal: Outcome -The New Deal was in response to the Great Depression and was focused on the 3 Rs: Relief, reform, and recovery. The relief was for the unemployed and poor. The reform was for the financial system to prevent another depression. And finally the recovery was to change the economy to regular levels.
-The Depressions impact on the Economy:
Banks in operation 25,568 -14,771
Prime interest rates 5.03%- 0.63%
Volume of stocks sold (NYSE) 1.1 B- 0.65 B
Privately earned income $45.5B -$23.9B
Personal and corporate savings
http://en.wikipedia.org/wiki/New_Deal FDR and the New Deal: Franklin Roosevelt -In 1932 Franklin Roosevelt (FDR) was elected president. When he was elected president he wanted to fix the problems in the U.S. economy. He made a plan called the "New Deal."
As part of the "New Deal" he wanted to give unemployed people jobs, build new roads and public buildings, and they helped raise the price of crops and animals farmers sold.
-FDR is the only president that was elected for more than two terms.
-He was the first president to speak on television.
-FDR was the first president to fly an airplane.
-FDR's mother made him wear a dress till' he was five.
-He was one of the seven presidents to die in office.
http://www.treasurydirect.gov/kids/history/history_ww2.htm Emergency Banking Act/Federal Deposit Insurance Corporation (FDIC) :
Right after taking office as president FDR shut down all the banks in the country and passed an emergency Banking Act to inspect the health of all banks.
Civil Works Administration (CWA) :
This gave unemployed people jobs building or repairing roads, parks, and airports.
Indian Reorganization Act of 1934:
This ended the sale of tribal lands and gave the Native Americans back the unallocated land to them.
Fair Labor Standards Act of 1938:
This got rid of child labor and set minim wadge.
Home Owners Loan Corporation (HOLC) / Agriculture Adjustment Administration (AAA):
To help people keep their houses the HOLC refinanced mortgages of middle-income home owners. Also the AAA tried to raise farm prices and made a new tax not to pay farmers to raise specific crops. Hopefully this lower the production and in the end increase prices.
http://www.fdrheritage.org/new_deal.htm FDR's Death On April 12, 1945 the FDR died. FDR was in his small cottage signing letters and documents while getting his portrait painted by an artist. They reminded the artist that he only had 15 more minutes. All of a sudden FDR grabbed his head from pain. FDR was having the effects of a massive cerebral hemorrhage. "Cerebral Hemorrhage is the bleeding into the substance of the cerebrum, usually in the internal capsule." Minutes later FDR died.
http://www.answers.com/topic/cerebral-hemorrhage When the New Deal was first started, the economy improved rapidly. FDR's first term had one of the fastest periods of economic growth in modern U.S. history. However, an economic downturn during FDR's second term raised doubts about just how successful the policies actually had been.
Some of the New Deal programs did not succeed, but other programs lasted past FDR's death and some have lasted until today. The largest programs today are the Social Security System and the Securities and Exchange Commission.
The effects and success of FDR's New Deal continue to be hotly debated by economists and historians to this day.