Terms for 11/13• New Deal = Roosevelt’s policies to pull USA out of

depression• Hundred Days = FDR’s first 100 days in office. Passed

15 major Acts to resolve crisis• Fireside chats = FDR would speak directly to the

american people about what the government was doing• Deficit spending = to borrow money in order to pay for

government programs

Warm up for 11/13• WHAT DID THE MUSIC VIDEO TEACH YOU

ABOUT THE GREAT DEPRESSION?• What are public works?• What is direct relief?• What two major strategies did president Hoover use

to promote economic recovery?• What did WWI veterans do to try to get their service

bonuses early?• How did Hoover respond to the Bonus March?• How did the Bonus March affect Hoovers presidency?

THE FIRST NEW DEAL

SETTING THE STAGE

• FRANKLIN DELANO ROOSEVELT WAS ELECTED PRESIDENT IN 1932, FOLLOWING HIS PROMISE OF A “NEW DEAL” FOR AMERICANS. IN HIS FIRST 100 DAYS IN OFFICE, HE LET LOOSE A FLOOD OF LEGISLATION DESIGNED TO RESCUE BANKS, INDUSTRY, AND AGRICULTURE AND PROVIDE JOBS FOR THE UNEMPLOYED.

ROOSEVELT’S RISE TO POWER• ROOSEVELT WAS A DISTANT COUSIN OF TR• BORN INTO A WEALTHY FAMILY, HE GRADUATED FROM

HARVARD AND COLUMBIA LAW SCHOOL. • HIS EARLY POLITICAL CAREER WAS A WILD SUCCESS• AFTER BEING STRICKEN WITH POLIO IN 1921, ELEANOR

ROOSEVELT KEPT HIS CAREER ALIVE WHILE HE RECOVERED• BY 1928, FDR WAS ACTIVE IN POLITICS AGAIN = GOVERNOR

OF NY = OVERSAW CREATION OF A RELIEF AGENCY• HIS POPULARITY PAVED WAY TO PRESIDENCY, WINNING

1932 ELECTION BY A LANDSLIDE

THE HUNDRED DAYS• ROOSEVELT BEGAN HIS TERM BY SENDING BILL AFTER BILL

TO CONGRESS• DURING THE FIRST 3 MONTHS, CONGRESS PASSED 15

MAJOR ACTS TO ATTACK THE ECONOMIC CRISIS = hundred days

BANKS AND DEBT RELIEF• FDR REALIZED HE MUST RESTORE PEOPLE CONFIDENCE IN

BANKS• HE DECLARED A NATIONAL BANK HOLIDAY TO PREVENT

BANK RUNS, THEN CALLED A SPECIAL SESSION IN CONGRES• HOUSE AND SENATE PASSED THE EMERGENCY BANKING

RELIEF ACT = FEDS WOULD LICENSE ONLY HEALTHY BANKS

BANKS AND DEBT RELIEF - CONTINUED• ON MARCH 12, FDR ADDRESSED THE NATION ON THE RADIO

IN THE FIRST OF MANY “FIRESIDE CHATS”• THE NEXT DAY THERE WERE FAR MORE BANK DEPOSITS

THAN WITHDRAWALS• FDR PUSHED FOR REGULATION OF BANKS AND STOCK

MARKET =• SECURITES ACT OF 1933 = COMPANIES MUST BE TRUTHFUL

W/ INVESTORS• GLASS-STEAGALL BANKING ACT = CREATED FDIC = INSURED

BANK DEPOSITS TO A SET AMOUNT• HOMEOWNERS LOAN CORPORATION = HELP PEOPLE PAY

MORTGAGES• FARM CREDIT ADMINISTRATION TO HELP FARMERS

REFINANCE MORTGAGES

FARMS AND INDUSTRY• GOVERNMENT PAID FARMERS NOT TO RAISE CERTAIN

LIVESTOCK AND CROPS TO RAISE PRICES = • AGRICULTURAL ADJUSTMENT ADMINISTRATION• NATIONAL INDUSTRIAL RECOVERY ACT = SUSPENDED ANTI-

TRUST LAWS • THE NATIONAL RECOVERY ADMINISTRATION RAN PROGRAM,

EVENTUALLY RULED UNCONSTITUTIONAL

RELIEF PROGRAMS• RELIEF PROGRAMS MEANT TO GET MONEY IN THE HANDS

OF INDIVIDUALS=• CIVILIAN CONSERVATION CORPS = HIRED MEN TO PLANT

TREES, FIIGHT FOREST FIRES, BUILD RESERVOIRS• FEDERAL EMERGENCY RELIEF ADMINISTRATION =

PROVIDED FED. MONEY TO STATE AND LOCAL GOV• PUBLIC WORKS ADMINISTRATION = BUILD HIGHWAYS, DAMS,

SEWER SYSTEMS, SCHOOLS, BUILDINGS• CIVIL WORKS ADMINISTRATION = PLACED WORKERS

DIRECTLY UNDER FEDERAL PAYROLL • NEW DEAL PROGRAMS INSPIRED HOPE AND RESTORED

FAITH IN OUR COUNTRY!!!! • DID NOT END DEPRESSION!!!!

reflection• What ailment did FDR suffer from?• What was FDR’s plan called to combat the Great Depression?• How would you define the New Deal….what did the New Deal call

for and attempt to do?• What actions did FDR take during the Hundred Days?• How did FDR restore peoples confidence in Banks?• How did the government regulate the stock market?• How did the AAA affect farm prices?• What does deficit spending mean?