1 / 19

12.1: The First New Deal

12.1: The First New Deal. 1932 Election 32 nd President (vs. Hoover). Landslide win All “things” democratic Pres. and congress Pres. Obama Worked while waiting for inauguration March; 20 th Amend. to Jan. 1933. A. Franklin D. Roosevelt: The “can-do” president.

cara
Download Presentation

12.1: The First New Deal

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 12.1: The First New Deal

  2. 1932 Election 32nd President (vs. Hoover)

  3. Landslide win All “things” democratic Pres. and congress Pres. Obama Worked while waiting for inauguration March; 20th Amend. to Jan. 1933 A. Franklin D. Roosevelt: The “can-do” president

  4. B. What was the New Deal? Policies developed by FDR that would give relief to the needy, economic recovery, and financial reform (3 R’s) • What kind of issues does he have to address in order to make changes related to the 3 R’s?

  5. C. First Hundred Days • Precedent set by FDR • Represents the time period in which the sitting president tries to pass as many bills as possible

  6. 1. Gold standard: 1 oz. of gold = set dollar amount Thought it would reduce value of the dollar = increased bank runs 2. Bank Holidays Closed banks before bank runs bankrupt them Inspected by gov’t to ensure they were secured = Emergency Banking Relief Act Restores confidence by the people D. Concern of the people

  7. Talking directly to Americans Informing them of plans/policies Build confidence in banks E. Fireside Chats

  8. Est. Federal Deposit Insurance Corporation (FDIC) $5,000 $100,000 $200,000 F. Glass-Steagall Banking Act

  9. G. Reforming Banking and Finance • Finance/Stockmarket • Federal Securities Act: co. makes stock info public • Securities and Exchange commission (SEC): regulate stock market, “insider trading”

  10. H. Home Owners Loan Corporation (HOLC) • Gov’t loans to avoid foreclosure, only if you still have an income

  11. 1. Agricultural Adjustment Act Lower production = _____ prices Gov’t will pay subsidy (financial support/price supports) Commercial farmers benefited most Tenant farmers lost jobs and homes (AA) I. Helping America’s Farmers

  12. 2. Farm Credit Administration (FCA) • Helped farmers refinance their mortgages • Usually helped farmers who were not prosperous – money could have went to those businesses who were more profitable = better economic benefit

  13. J. Helping Industry: • National Industrial Recovery Act • Established fair practice codes and regulations • Considered unconstitutional - Why?

  14. 2. National Recovery Administration • Set prices on products to ensure fair competition, banned child labor, and set work hours • Allowed for unions

  15. K. Relief Programs 1. Civilian Conservation Corp • Roads, planting trees, flood control, soil erosion • $5/$25 • Free food & uniforms

  16. 2. Federal Emergency Relief Administration • Direct aid for food & clothes

  17. L. Creating Jobs • Public Works Admin (PWA) turned to the Civil Works Admin (CWA) • PWA for all types of construction • Ineffective; awarded contracts, not direct hire • CWA more effective due to direct hiring

  18. Taxes applied to raise revenue for federal government M. 1933: 21st Amendment

More Related