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Roosevelt Takes Action

Roosevelt Takes Action. III. Roosevelt Takes Action. Banking Crisis Temporarily closed all the nation’s banks to stop panic and large-scale withdrawals Passed the Emergency Banking Act

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Roosevelt Takes Action

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  1. Roosevelt Takes Action

  2. III. Roosevelt Takes Action • Banking Crisis • Temporarily closed all the nation’s banks to stop panic and large-scale withdrawals • Passed the Emergency Banking Act • The law gave government officials power to examine each bank, determine it soundness, take steps to correct problems, and if necessary, close it. • Glass-Steagall Act created the FDIC • This provided government insurance for depositors’ savings • Reassured depositors returned money to the banks

  3. B. The Hundred Days • Critical period of government activity • Roosevelt pushed Congress to put most of his New Deal into practice. • Relief for those suffering the effects of the Great Depression • Recovery of the depressed economy • Reformsthat would help prevent serious economic crisis in the future

  4. C. New Deal Programs • Civilian Conservation Corps (CCC) • Helped unemployed young men 18 to 25 years old • Agriculture Adjustment Act (AAA) • Helped farmers by paying them not to grow crops • National Industrial Recovery Act (NIRA) • Helped business by requiring that businesses in the same industry cooperate with each other to set prices and output • Started Public Works Administration (PWA) • Labor received federal protection for the right to organize. • Federal Securities Act • Helped investors, restored confidence in the markets • Securities and Exchange Commission (SEC) • Tennessee Valley Authority (TVA) • Helped build dams and other projects along the Tennessee River and its tributaries

  5. D. Beyond the Hundred Days • FDR and Congress passed important legislation after the Hundred Days • Created the Civil Works Administration • This agency provided winter employment to 4 million workers. • Crews built miles of highways, and sewer lines, hundreds of airports, and more • Passed the Indian Reorganization Act • Reversed previous policies by recognizing the tribe as the key unit of social organization for Native Americans • Limited the sale of Indian lands • Provided assistance to native groups in developing their resources, economy, and culture • Granted them some limited rights of self-rule.

  6. Daily questions • What initial actions did FDR take to stabilize the economy? • What was the goal of the TVA? • How did the public benefit from the Federal Securities Act? • How do you think the NIRA will affect interactions between labor unions and businesses? • What were the three main categories of the programs and actions of Roosevelt’s New Deal?

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