140 likes | 159 Views
Franklin D. Roosevelt’s presidency, marked by the New Deal, transformed the nation during the Great Depression. From reassurance in Fireside Chats to creating programs like Social Security, follow FDR's journey to restore hope and revive the economy.
E N D
Restoring a Nations Hope • Roosevelt’s election prompted the 20th Amendment “lame-duck amendment”-President would now be sworn in on Jan. 20 instead of March. • A second Bonus March was staged on Washington.
This time campsites were provided for veterans and Eleanor even went to visit them- different from Hoover. • FDR comforted the nation through his “Fireside Chats.” • He was much more reassuring than Hoover
First 100 Days • FDR based some of the programs on work of agencies that controlled the economy through WWI. • First he had to restore public confidence in the nation’s banks. • March 5, 1933 ordered a “bank holiday” for four days.
Congress then passed the Glass-Steagall Banking Act which created the FDIC. • More people would now put money back in banks, banks could then start loaning again. • Securities and Exchange Commission regulated the stock market-prevent another crash.
FDR then devalued currency (took off gold standard) to promote export trade. • Harry Hopkins directed the Federal Emergency Relief Administration-helped state relief agencies. • Civil Works Administration-put unemployed to work on building projects.
Civilian Conservation Corps-FDR’s favorite program employed young men to work in the outdoors. • FDR also tried to help Native Americans-Indian Reorganization Act- ended sale of tribal lands. • Harold Ickes directed the Public Works Administration built dams and bridges.
Agricultural Adjustment Administration helped farmers by paying them not to plant so much. • Raised farm prices. • Tennessee Valley Authority-provided electricity to the poorest area of the country.
Raymond Moley, Adolf A. Berle, and Rexford G. Tugwell- “brain trust.” • FDR appointed first woman cabinet member-Frances Perkins-Secretary of Labor. • Hired African Americans to key posts as well-Mary McLeod Bethune-advised FDR on programs that aided African Americans.
Second New Deal • Many felt the New Deal gave too much power to the govt. • 1935 FDR launched the Second New Deal, involved more social welfare. • Works Progress Administration improved schools, playgrounds, etc.
By 1930’s only 10% of rural Americans had electricity. • Rural Electrification Administration brought that number to 25% in 4 years. • More electricity more demand for consumer electric products, more employments etc..
Social Security • Old-Age pensions 65 or older • Unemployment insurance • Aid for dependent children, blind, and disabled.
1936 Election • Beat Republican Kansas Governor Alfred Landon in landslide. • Carried every state but Maine and Vermont.