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Chapter 9. Lecture Focus Questions. #1: How did the New Deal attempt to address the problems of the Great Depression? #2: Did the growth in the powers of the federal government during the New Deal benefit the nation? Explain your answer. First Hundred Days.
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Lecture Focus Questions • #1: How did the New Deal attempt to address the problems of the Great Depression? • #2: Did the growth in the powers of the federal government during the New Deal benefit the nation? Explain your answer.
First Hundred Days • FDR immediately aimed to restore hope and the economy • Fireside chats • Instant action within the First Hundred Days • New Deal: FDR’s relief, recovery and reform programs aimed at fighting the G.D.
Alphabet Soup • Bank Holiday:inspect banks’ financial health • Federal Deposit Insurance Corporation (FDIC):insured bank deposits up to $5,000 • Securities and Exchange Commission (SEC):regulated the stock market and made it safe for investors • Public works programs:govt-funded projects to build public facilities • National Recovery Administration: developed codes that were intended to govern whole industries • Established a minimum wage • Established minimum prices for the goods that businesses sold
More Alphabet Soup • Agricultural Adjustment Bureau:paid farmers subsidies to not plant part of their land in order to raise crop value/prices • Tennessee Valley Authority:built dams to control floods and generate electricity • Civilian Conservation Corps: provided jobs, replanted forests, built trails, dug irrigation ditches, fought fires
ELEANOR & FDR FIRESIDE CHATS
A Second New Deal • Second New Deal → Second 100 Days • Rural Electrification Administration: brought electricity to rural areas • Wagner Act:legalized union membership, collective bargaining and closed shops • Social Security Act: • Old-age pensions/survivors’ benefits • Unemployment insurance • Aid for dependent children, the blind and disabled
New Deal does too much Govt too powerful New Deal doesn’t do enough Too much attention paid to banks and business Demagogues:leaders who manipulate people with half-truths and scare tactics Father Coughlin: communists in charge! Huey Long: “Share Our Wealth” program Critics
Supreme Court opposed the New Deal President has no power to regulate inter-state commerce Court Packing:FDR attempted to appoint 6 new Justices sympathetic to his New Deal FDR & the Supreme Court
Women of the New Deal • Eleanor Roosevelt • Defied tradition by aggressively promoting the New Deal • Mary McLeod Bethune • Organized the unofficial “black cabinet” • Francis Perkins • First woman appointed Sec. of Labor • Dorothea Lange • Photographs helped win aid for migrant workers
DOROTHEA LANGE MIGRANT MOTHER
Not a Miracle Cure • Recession of 1937 • Rising national debt • Labor Unions → rise in membership and power • Sit-down strikes • Discrimination in New Deal programs • New Deal only provided temporary relief
New Deal Legacies • Public works projects still visible • Bridges, dams, hospitals, parks • Social Security • Legacy of hope • Legacy of debt ($17, 336, 887, 155, 959) through deficit spending (www.usdebtclock.org) • Deficit spending:spending more money than you are taking in • Legacy of government involvement in the lives of average citizens
Lecture Focus Questions • #1: How did the New Deal attempt to address the problems of the Great Depression? • #2: Did the growth in the powers of the federal government during the New Deal benefit the nation? Explain your answer.