FRANKLIN ROOSEVELT AND THE NEW DEAL. PRESIDENT FRANKLIN ROOSEVELT Franklin D. Roosevelt was elected...

FRANKLIN ROOSEVELT AND THE NEW DEAL

FRANKLIN ROOSEVELT AND THE NEW DEAL

PRESIDENT FRANKLIN ROOSEVELT

PRESIDENT FRANKLIN ROOSEVELT

• Franklin D. Roosevelt was elected 1932

• 1st democrat since Woodrow Wilson

• Before he became President: New York legislature, Assistance Secretary to the Navy, Governor of New York

• The best thing going for Roosevelt was he wasn’t Hoover

FIRST 100 DAYSFIRST 100 DAYS

• Roosevelt felt he had to deal with 3 r’s: Recovery, relief, and reform

• In the first 100 days of Roosevelt’s administration he passed 15 major laws

• Many of these laws dealt with these 3 r’s

BANK CRISISBANK CRISIS

• The first problem was the banking crisis

• Runs on banks depleted money supplies

• Banks were forced to close• People refused to deposit in

banks (they lost faith in banks)• Declared a bank holiday

March 5th-9th• The government rushed

money to banks to make them financially secure

• People again started to deposit funds

DIRECT VS. INDIRECT RELIEF

DIRECT VS. INDIRECT RELIEF

• One major difference between Rosy and Hoover was relief

• Hoover did not believe in direct relief (giving people money)

• Roosevelt encourage direct relief

• The Federal Emergency Relief Administration distributed over $500 million for direct relief

RELIEF TO RECOVERYRELIEF TO RECOVERY

• We don’t want people to just rely on dole

• Roosevelt needed to put people back to work

• The Civilian Conservation Corps. employed thousands of men 18-25 years old

• They would receive 30 dollars a month, 25 of which would be sent home

• They would go around the country creating and maintaining national parks, creating reserves, and building dams and other public works projects

MORE RECOVERY PROGRAMS

MORE RECOVERY PROGRAMS

• The Public Works Administration (PWA) had a budget of 3.3 billion dollars and worked on the infrastructure of the U.S.

• The National Recovery Administration (NRA) tried to help business leaders, unions, and workers get back to business

• They would fine businesses would did not follow the working code

• The Agricultural Adjustment Administration (AAA) paid farmers a subsidy to farmers who would stop producing so much

• The bought the excess supply also• The Tennessee Valley Authority but

dams and provided electricity to southeastern states

REFORM IN BANKS AND STOCK MARKET

REFORM IN BANKS AND STOCK MARKET

• Roosevelt also passed the Truth-in-Securities Act which prohibited fraud in the Stock Market

• The Glass-Steagall Banking Act prohibited banks from investing in the Stock Market

• The Federal Deposit Insurance Corporation which insured banks who belonged to this

ROOSEVELT COMFORTS THE NATION

ROOSEVELT COMFORTS THE NATION

• Roosevelt was very good at speaking to the public

• He held fireside chats frequently which were just informal talks with the public using the radio

• He would speak in simple terms that everyone could understand

• This endeared him to the public• He held weekly press

conferences with reporters and he would answer questions

• This was very different that most presidents before him

ELEANOR ROOSEVELTELEANOR ROOSEVELT

• His wife Eleanor was a great influence on him

• She really showed him the other side of life before he took public office (he really only knew about the wealthy life)

• She would travel across the nation because FDR could not and spoke for the programs that FDR had enacted

• Because Roosevelt had such a positive attitude and caring feel about him the American people became to love him

IMPACT OF ROOSEVELT RIGHT AWAY

IMPACT OF ROOSEVELT RIGHT AWAY

• Roosevelt’s established credibility in the government again

• He was very optimistic and energetic

• He made people believe that if we worked together we would be ok

• Right person at the right time