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Delve into FDR's journey from adversity to leadership, reshaping the nation with his New Deal during the Great Depression. Discover how his innovative policies brought relief, recovery, and reform.
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Ch. 9-1-1 FDR Offers Relief and Recovery
Why It Matters • Faith in democracy shaken • Germany, Italy and Japan turned to dictators to help • The New Deal proved democracy could prevail
Roosevelt Takes Charge • 1928 Hoover had no chance to lose • 1932 however, had no chance to win • 25% unemployed • Bank failures all over • Hunger was rampant • Franklin D. Roosevelt from New York, accepted the Democratic Party’s nomination
Roosevelt Overcame Obstacles • FDR was privileged growing up • Went to elite schools and colleges • 1905 married distant cousin Eleanor Roosevelt • Theodore was Eleanor’s uncle and FDR’s fifth cousin
Obstacles Continued • 1921 while vacationing • Fell in the water off a boat • Chilly waters of the North Atlantic • High fever and pain in back and legs • Diagnosed with polio • May not have had polio • 1938 started the March of Dimes • Asked everyone in America to send a dime • Did not let this stop his political career
Voters Elect a New President • FDR pledged a “New Deal” • Hoover believed the local and state government should fight Depression • FDR believed it should come from the federal government • Beat Hoover by more then 7 million votes
Putting Together a Winning Team • Got help from professionals and academics (men and women) known as the “Brain Trust” • Nominated two Republicans to work for him • Henry Wallace and Harold Ickes • Frances Perkins - Sec of Labor, first woman in cabinet • Wife Eleanor was instrumental • Bonus Army came back • FDR sent her to show the government cared
The First Hundred Days Provide Instant Action • 15 bills passed by President and Congress • First New Deal had three goals • Relief • Recovery • Reform
FDR Swiftly Restores the Nation’s Confidence • Banks closed - people went to withdraw their money • The Emergency Banking Bill passed • Gave FDR power to work with banks • Created a four-day “holiday” • Fireside Chats • Reassured Americans • Communicated with Americans
Reforming the Financial System • Federal Deposit Insurance Corporation (FDIC) • Insured bank deposits up to $5,000 • Securities and Exchange Commission (SEC) • Made it safer to invest in the stock market • Runs on banks ended and stock market stabilized
Helping Farmers • Agricultural Adjustment Act (AAA) • End overproduction and end low prices • Financial aid to not plant all land and kill some livestock off • Some thought this was immoral • 1934 farm prices began to rise
The TVA Aids Rural Southerners • Tennessee River valley people were the poorest in the nation • Few had electricity, running water, or proper sewage systems • 1933 Tennessee Valley Authority (TVA) created • Created dams to control floods and generate power • Replanted forest and created jobs • Some thought this was “socialist” • Still survives today