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FDR Takes Control

FDR Takes Control. Objectives. Analyze the impact Franklin D. Roosevelt had on the American people after becoming President. Describe the programs that were part of the first New Deal and their immediate impact. Identify critical responses to the New Deal. Vocabulary.

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FDR Takes Control

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  1. FDR Takes Control

  2. Objectives • Analyze the impact Franklin D. Roosevelt had on the American people after becoming President. • Describe the programs that were part of the first New Deal and their immediate impact. • Identify critical responses to the New Deal.

  3. Vocabulary • New Deal – programs and legislation enacted by FDR during the Great Depression to promote economic recovery • fireside chat – informal radio broadcast in which FDR communicated with the American people • FDIC – Federal Deposit Insurance Corporation; government agency that insures bank deposits

  4. Hoover’s Competition Hoover’s opponent in the election was Democrat Franklin D. Roosevelt. • Harvard graduate • New York State senator • Assistant Secretary of the Navy • 1920 Nominee for Vice President • Polio survivor • Governor of New York

  5. Different Perspectives The two candidates offered very different approaches to the problems of the Great Depression. Hoover Roosevelt Wanted State and local interventions Wanted intervention at the federal government level. Roosevelt won in a landslide.

  6. FDR’s Brain trust goes to work… Americans were promised a “New Deal” The Goal of the First New Deal was to: During his first 100 days in office, 15 bills were passed. Relief Recovery Reform

  7. First fix: the Banks FDR declared a four-day bank holiday, closing the banks so they could get their accounts in order. In the first of many fireside chats, FDR explained that his actions were to halt bank failures. When the banks reopened, there were no more runs on the banks.

  8. Extra Security for Markets FDR took other steps to reform the financial system. Federal Deposit Insurance Corporation (FDIC) Insured bank deposits Securities and Exchange Commission (SEC) Regulated the stock market Such measures helped restore confidence in the economy.

  9. Next Up: Public works Roosevelt then turned to a series of New Deal programs to bring relief to the country. • The AAA sought to end overproduction and raise crop prices. • The TVA built dams to control floods and generate electricity.

  10. More Job creation

  11. The Public Works Administration (PWA)created millions of jobs. Workers built bridges, dams, power plants, and government buildings. These projects improved the nation’s infrastructure.

  12. Set Market Conditions • Established codes of fair competition • Set minimum wages for workers and minimum prices for goods National Recovery Administration (NRA)

  13. The New Deal is Controversial • Conservatives were upset: • Liberals were also upset: • Destroying free enterprise • Undermining individualism • Not enough was being done

  14. Other public figures chip in ideas…

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