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CHAPTER 15: THE NEW DEAL. Journal. What Great Depression photograph impacted you the most? Why?. Cesar Chavez Groups. 1. Adriana, Christian I, Anastasia, Diego 2. Keone , Bre’Ahna , Chuy , Deyanira 3. Joel, Taylor, Allie, Christian U 4. Cristina, Morgan, Gisela, Sam Smith,
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Journal • What Great Depression photograph impacted you the most? Why?
Cesar Chavez Groups • 1. Adriana, Christian I, Anastasia, Diego • 2. Keone, Bre’Ahna, Chuy, Deyanira • 3. Joel, Taylor, Allie, Christian U • 4. Cristina, Morgan, Gisela, Sam Smith, • 5. Dalena, Virinya, Dijon, Sam Spencer • 6. Carolina, Brianna, Stuart, Armando • 7. Yessenia, Ginger, Jena, Pedro • 8. Emily, Brian, Tyanah, Analy • 9. Benjamin, Jessica, Daisy
Section 1: A New Deal Fights Depression • Franklin Delano Roosevelt (FDR) wins 1932 election • Hoover is blamed for doing too little about depression • New Deal - A set of policies for his new administration designed to solve the problems of the Great Depression • Hundred Days – March – June 1933 – Congress passes more than 15 major pieces of New Deal Legislation
Americans Get a New Deal • Eleanor Roosevelt, FDR’s wife, is concerned with child welfare, housing reforms, equal rights for women and minorities
Americans Get a New Deal • Americans lose faith in banking and finance • FDR declares a bank holiday and closes all banks one day after taking office • To prevent further withdraws • Emergency Banking Relief Act allows all banks to be inspected by the Treasury Department • Loans provided for some • Those unable to pay debts remained closed
Americans Get a New Deal • Fireside chats – radio talks about issues the public is concerned with • Explains New Deal programs in simple language • Tells public to trust govt. and support the banking system
Americans Get a New Deal • Glass-Steagall Act (1933) – federal insurance for individual bank accounts • Federal Securities Act – corporations have to provide complete information on stocks • Securities and Exchange Commission (SEC) – regulate the stock market and limit inside information • 21st Amendment (1933) – repeals prohibition and tax put on alcohol