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FDR and the New Deal. US History Chapter 15. Franklin Delano Roosevelt. Elected in 1932 Two-term Governor from New York Promised the American public a “New Deal.” to get out of the depression The Hundred Days, beginning of his presidency, Congress passed 15 major laws. Help for banks.
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FDR and the New Deal US History Chapter 15
Franklin Delano Roosevelt • Elected in 1932 • Two-term Governor from New York • Promised the American public a “New Deal.” to get out of the depression • The Hundred Days, beginning of his presidency, Congress passed 15 major laws
Help for banks • Emergency Banking Relief Act – declared a bank holiday when people were unable to withdraw money (which meant no bank failures) • Treasury department now inspects all banks *** restored faith in the banking system ***
Fireside chats • Radio speeches designed to keep the public informed • FDR used clear, simple language • 1st President to use media to communicate with the public (very effective)
Glass-Steagall Banking Act • Law passed by Congress that created the FDIC (Federal Depositors Insurance Corporation) • Helped to continue to restore faith in banks Federal Securities Act • Regulated the stock market, designed to prevent another crash • Today know as the SEC (Securities and Exchange Commission)
Civilian Conservation Corps • Helped young men (18-25) go back to work • Many different jobs, manual labor ** Gave them confidence and self-respect • $30/month, free room and board “We can take it.”
National Industrial Recovery Act • Developed to promote business growth • Ensured fair business practices
Courtpacking • FDR attempted to have the Constitution of the United States amended to include 6 more Supreme Court justices (which he would get to choose so they could approve his New Deal programs)
Works Progress Administration • Biggest direct relief program ($ to people) • Helped build roads, bridges, streets, libraries, and hospitals. • Also put artists to work making informational posters
Works Progress Administration • Artists were also asked to create paintings and murals that depicted different government programs.
Tennessee Valley Authority • Used water and dams to generate electricity all over the Tennessee valley • Many didn’t have electricity before the TVA