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FDR’s New Deal. Particulars on Roosevelt • Political Skills • Personality • Press • People’s Help (The “Brian Trust”) • Pace • Pump priming. First Hundred Days. Alphabet Soup Agencies. FDIC Federal Deposit Insurance Corporation. SEC Securities Exchange Commission - stock regulation
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FDR’s New Deal
Particulars on Roosevelt • Political Skills • Personality • Press • People’s Help (The “Brian Trust”) • Pace • Pump priming
FDIC Federal Deposit Insurance Corporation
SEC Securities Exchange Commission - stock regulation FERA Federal Emergency Relief Administration -dole
PWA Public Works Administration - jobs instead of hand outs
CWA Civil Works Administration - jobs for the jobless
TVA Tennessee Valley Authority - electricity for the rural South
WPA Works Progress Administrations - jobs for artists, etc…
CCC Civilian Conservation Corps - work for single men
AAA Agricultural Adjustment Act - paying farmers to reduce production
NIRA National Industrial Recovery Act - reform of business
NRA National Recovery Administration - enforced NIRA codes
New Deal Positives • higher wages • reduced unemployment • Social Security established • TVA • WPA built schools, hospitals, parks, murals, etc… • new energy in American politics
• recreation of the Presidency • new groups involved in politics • economic & social dimensions added to the Bill of Rights • gave hope to the world •“he found a way for poor folks when there wasn’t no way”
Negatives of the New Deal • Supreme Court fights - were the programs Constitutional? • Unemployment was lower, but still a problem (9 million in the late 1930s) • Social Security payments were inadequate
• favoritism shown to organized labor • New, huge, inefficient BUREAUCRACY!
Groups that were ignored by the New Deal: • African Americans • Women