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15.1 FDR Tries his “New Deal”

15.1 FDR Tries his “New Deal”. The Hundred Days. FDR won the 1932 election against Hoover FDR promised to help people more & try new ideas, he was a big-govt. liberal FDR relied on his “Brain Trust” to come up with plans for combatting the Depression. The Hundred Days.

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15.1 FDR Tries his “New Deal”

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  1. 15.1 FDR Tries his “New Deal”

  2. The Hundred Days • FDR won the 1932 election against Hoover • FDR promised to help people more & try new ideas, he was a big-govt. liberal • FDR relied on his “Brain Trust” to come up with plans for combatting the Depression

  3. The Hundred Days • March 1933: FDR shuts down banks • Banks could only reopen if they weren’t too in debt • Shaky banks would get loans from the govt. • FDR went on the radio in his “fireside chat” to ease people’s fears about banks going bust

  4. The Hundred Days • Glass-Steagall Act said banks cannot use the money you deposit for theirstock market investments • Your money is now guaranteed by the govt. (even if the bank fails)

  5. The Hundred Days • Federal Securities Act said businesses have to be honest about their stocks • And the Security & Exchange Commission now tracks companies and the stocks they offer

  6. The Hundred Days • Agricultural Adjustment Act (AAA) helped raise farm prices, helped farmers make more money… • By paying them to produce less

  7. The Hundred Days • Civilian Conservation Corps (CCC) and the Public Works Administration (PWA)put people to work • They built bridges, schools, roads, etc.

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