Effectiveness Of The New Deal Factor 1: FDR And Confidence Building Flashcards
What was the first Hundred days?
The start of Roosevelt’s presidency when he worked constantly with his advisers to produce lost of measures, confronting every main or issue facing America.
Why was the first hundred days important?
FDR faced every main or issue
Passed 15 major laws through congress
Why was the first 100 days successful?
Roosevelt met his promise of “Action and Action now” which lifted morale
Describe the fireside chats
Sunday FDR would broadcast on the radio to the nation every Sunday and explain what he was doing and why he was doing it.
Estimated 60 million Americans tuned in
Why were the fireside chats important?
Great PR as he spoke directly to the people in their own living rooms- making people feel as if he cared about them as individuals.
Give evidence that the fireside chats were successful
Roosevelt used them to persuade people to start trusting the banks and stop hoarding money under their mattresses
It worked:
By April 1933, $1 billion had been re- invested in the banks by savers
After 1933, fewer than 10 banks failed per year
Give evidence that the fireside chats were not successful
Confidence remained low during the 1920s. Americans only spent and invested 75% of what they had done before 1929