The Election of 1932&

The New Deal

Election Results

• Roosevelt won by a landslide in the election of 1932

• FDR received 23 million votes, compared to Hoover who received 16 million

• FDR won electoral votes from all of the states except from 6 in the Northeast-WHY?

New Deal

• In March, 1933, FDR (Franklin Delano Roosevelt) was inaugurated into the presidency

• Roosevelt formulated a program known as the “New Deal”

• The name was taken from a phrase in one of FDR’s speeches in which he promised a “new deal for the American people” i.e. **FRESH START**

New Deal

• Three goals of the New Deal

–Relief for the needy-(LIKE WELFARE)

–Economic Recovery-(“FIX” SYSTEMS-i.e. banks)

–Financial Reform-(CHANGE)

Hundred Days

• Upon taking office, FDR launched into a period of intense activity, known as the Hundred Days (March 9, 1933-June 16, 1933).

• During this time, Congress passed 15 major pieces of legislation , which expanded the role of the Federal government in the nation’s economy.

Bank Reform

• Roosevelt’s first step as president was to institute banking and finance reforms

• FDR established the first Bank Holiday.

He closed all banks to prevent future withdrawals.

• Congress then passed the Emergency Banking Relief Act to inspect banks. Those that were sound remained open, and those that could not pay debts closed.

Fireside Chats

• On March 12, the day before banks were to reopen, FDR gave his first fireside chat

• Fireside Chats were radio talks the FDR gave

occasionally about issues of public concern

• These “chats” made Americans feel as if the

president were directly talking to them