The New Deal: Unit 1 Flashcards
New Deal
FDR’s programs that were passed by congress, i an effort to end the Great Depression and reform the nations economy
Following Problems
Unemployment
Homeless
Banks
Stock Market
Those in debt
Farm crisis
Industrial Recovery
Election of 1932
Herbert Hoover vs Franklin Delano Roosevelt
FDR won by a landslide
20th Amendment
Inauguration day was changed to January 20th made in 1933
Lame Duck
The period in between November and January
21st Amendment
Prohibition is repealed, selling and drinking of alcohol
Roosevelts Background
5th cousin of former president Teddy Roosevelt
Wealthy upbringing; only child
Educated at Harvard
Eleanor Roosevelt (related, last name)
Only president to be elected 4 times
Governor of New York
Only president to serve in a wheel-chair, from polio
Famous Inauguration Speech quote
“The only thing we have to fear is fear itself.”
Franklin and Eleanor political partnership
Involved in presidency, involved first lady.
Help in speeches, advice, etc.
Franklin
Cheerful
Optimistic
Confidence
Communication
Eleanor
Powerful force
Solve social issues
First lady
Brain Trust
Economic experts who helped FDR develop his New Deal Plan
Frances Perkins
1st women to be selected by the president
Secretary of labor
FDR Philosophy
Government responsibility to help citizens
Increase taxes for the working to give money to the unemployed
Government-funded public work, to those unemployed
First 100 Days
Congress gave free-reign and rubber-stamped his proposals during the first days
15 major acts…never been done before
FDR’s first New Deal action
Saving the banks
1. Bank “holiday”, closing banks for 8 days
2. Emergency banking relief act-inspected each bank
3. 1 million was given back
Fireside Chats
Spoke to the American people on a radio
Alphabet Soup
The first letter of the word, New Deal programs
3 Major goals of the New Deal
- Relief for the unemployed; intermediate assistance
- Recovery, plans for economy
- Reforms to prevent depression
Emergency Banking Relief Act (Bank Holiday)
Problem- Bank runs caused approx. 11,000 banks to fall by 1933. The public lost confidence in the banks.
Did- Closed all banks for 8 days and required that a federal audit of each banks books to verify if they were sound. FDR announced that only sound banks would reopen
CCC (Civilian Conservation Corps)
Problem- Immediately provide work, 250,000 young men
Did- Re-creation or conservation projects, Planting trees, reservoirs, fires, etc.
TVA (Tennessee Valley Authority)
Problem- Underdevelopment of south, High unemployment
Did- Built 30 dams and power plants in 9 states, River to provide electricity and food, modern farming techniques
NIRA (National Industry Recovery Act)
Problems- Overproduction, Factory closings, Low wages
Solution- Regulate industry, Create scarcity of products, higher prices, Higher wages, Higher profits
PWA (Public Works Administration)
Problems- Unemployment
Solution- Construction projects, Highways, dams, bridges, sewer, etc.,Required to hire African Americans
AAA (Agricultural Adjustment Act)
Problems- Farming overproduction, Low demand
Solution- Farmers received subsided in exchange for limiting production, 7 basic farm products: Wheat, cotton, corn, tobaccos, rice, hogs, and milk
FDIC (Federal Deposit Insurance Corps)
Problems- Bank runs
Solution- Depositors savings, The government insures your savings