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The New Deal

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by

Ryan Weber

on 22 March 2017

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Transcript of The New Deal

The New Deal:
Hoover out, FDR In
Hoover: too little too late
Recovery:
Reform:
Long term change
Mixed job results
Increased Government Spending
Increased Consumer Confidence
Increased Role of Government
SEC
*
Regulate the Stock Market
Protect individual investors
Still exists today
Social Security Act
*
Pension system for Retirees
Unemployment
Disability
NRA
National Recovery Administration
Codes for fair competition
Set minimum wages
AAA
Agricultural Adjustment Act
Paid farmers not to produce
Farm Subsidies
WPA
Provide jobs to unemployed workers during the New Deal
"Bank Holiday"
Emergency Banking Act
Checking the health of banks
Relief:
Quick Fix
Increase in jobs
Increase in Government Spending
Increase in the Role of Government
Increase in Consumer Confidence
Fixing the Great Depression with Government Spending
Criticism
FDIC
*
Insured bank deposits
Improved confidence in banks
Still around today
Republicans
said "You doin too much!"
Democrats
said, "You ain't doin enough"
The Supreme Court said, "You Crazy!"
"I pledge you, I pledge myself, to a
new deal
for the American people. Let us all here assembled constitute ourselves prophets of a new order of competence and of courage. This is more than a political campaign; it is a call to arms. Give me your help, not to win votes alone, but to win in this crusade to
restore America to its own people
."
--FDR, July 1932 @ Democratic National Convention
CCC
Civilian Conservation Corps
Young unmarried men
Jobs
Liberal Democrats
"Share the Wealth"
New Deal didn't do enough to redistribute wealth
Conservative Republicans
New Deal meant New Debt
Threatened Freedom
Gave government too much power
Court Packing
Supreme Court deemed many New Deal programs unconstitutional (Judicial Review)
FDR wanted to add 6 new justices--"Pack" the Court
Wagner Act
Gave
Unions
the power to
Collective Bargaining
*

Increase in Spending
Increase in Consumer Confidence
Increased role of government

Mixed job results
FERA
Federal Emergency Relief Act
Federal funds to help the unemployed
Hoover's Failures
Volunteerism (Charity)
Cycle will fix itself.
RFC =Trickle down Economics
Hoovervilles
Then
Now
Advisors
FDR: 1932
FDR: First Hundred Days
Relief-Recovery-Reform
"Alphabet Soup"
Brain Trust
Women
Black Cabinet
Eleanor Roosevelt
Frances Perkins
Promoted the New Deal
Labor Secretary
Informal Group of African American Advisers
Mary Mcleod Bethune--call New Deal a "New Day" for African Americans
Roosevelt did not support an Anti-Lynching law as part of the New Deal
Presidents can't do it alone, they need a trusted
group to help them make decisions
FDR had academics, women,
and African Americans as close advisers
Informal group of very smart people that helped
FDR craft New Deal policy
TVA
*
The Tennessee Valley Authority was an agency created by the Federal Government to build dams and power plants, improve the sewer system, build fertilizer plants and otherwise just create jobs in the Tennessee Valley region
PWA
Public Works Administration build bridges, power plants, highways, government buildings
Securities and Exchange Commission
Full transcript