1 MINUTE
• For each quote, write Hoover or FDR to
indicate who you believe made the
statement.
1995
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Super Bowl Champs
Museum Opened in Cleveland
Death of Grateful Dead front man
150 million watched this verdict live
This sheep was born
Release of 1st ever Pixar Movie
Causes
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Personal Debt
Overspeculation
Overproduction
Uneven Prosperity
Lack of Trade
BLACK TUESDAY 10/29/29
HOOVER
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Rugged Individualism
Boulder Dam
Bonus Army
RFC
3 Rs of the NEW DEAL
• "I pledge you, I pledge myself, to a new
deal for the American people. Let us all
here assembled constitute ourselves
prophets of a new order of competence
and of courage. This is more than a
political campaign; it is a call to arms. Give
me your help, not to win votes alone, but
to win in this crusade to restore America to
its own people."
• 1932 Democratic National Convention
March 9-June 16 1933
Emergency Banking Act
Reforestation Relief Act
Civilian Conservation Corps
End Gold Standard
Federal Emergency Relief Act
Agricultural Adjustment Act
Tennessee Valley Authority
Federal Securities Act
National Employment System Act.
Home Owners Refinancing Act
National Industrial Recovery Act
Public Works Administration
National Recovery Administration
Farm Credit Act
Banking Act of 1933
FDIC
I shall ask the Congress for the one
remaining instrument to meet the
crisis—broad Executive power to
wage a war against the emergency,
as great as the power that would be
given to me if we were in fact invaded
by a foreign foe.
1st Fireside Bank Holiday
• March 6- FDR ordered all banks to close
• Emergency Bank Relief Act– Government investigated individual banks
– Banks were reopened when deemed sound
– Confidence returned to the banking system
• FDR’s wife’s name (Wheelchair)
• What period of time became synonymous with
the mass of legislation coming out of
Washington after FDR took office? (3 Rs)
• What are the 3 R’s of the New Deal? (3Rs)
• What did the Glass-Steagall Act create?
(Manages Money)
• What does HOLC stand for? (Jobs for Jobless)
Causes
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Personal Debt
Overspeculation (buying on margin)
Overproduction
Uneven Prosperity
Lack of Trade
BLACK TUESDAY 10/29/29
HOOVER
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Rugged Individualism
Boulder Dam
Bonus Army
RFC
Election 1932
FDR
First 100 Days
March 9 – June 16, 1933
• FDR- Polio? 1921
• National Foundation for Infantile Paralysis
• March of Dimes
Eleanor Roosevelt
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AAA
CCC
FERA
Reciprocal Trade Agreement Act
TVA
SEC
SSA
WPA
PWA
CWA
FHA
NRA
FDIC
Fair Labor Standards Act
BRAIN TRUST
• Economic intellectuals that helped devise
the New Deal programs
Fireside Chats
• MONDAY- acronym quiz
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Shallow river crossing
Sandler, Ant, Smith
To puncture
To allow
Lasagna loving cat
State capital (4 answers)
F.D.I.C.
• Federal Deposit Insurance Corporation
• Insures bank deposits up to $5,000 (then)
$250,000(now)
Civilian Conservation Corps (CCC)
• Created jobs for 3 million young, single
men
• Built roads and assisted in flood control
• Reforestation
• $30/month ($25 home)
1931-1941
Agricultural Adjustment Administration
(AAA)
• Paid farmers to limit production
• In some cases, paid farmers to destroy
crops
• This lowered supply and increased prices
Tennessee Valley Authority (TVA)
• Goals
– Control flooding
– Produce electricity
– Reforestation
• Accomplishments
– 9 major, 18 minor dams
– Created jobs
– Greatly improved farming conditions
National Recovery Administration
(NRA)
• Set industry standards
• Largely relied on member cooperation/integrity
Federal Emergency Relief Administration
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FERA
3.1 billion in state/local grants
State/Local Public Works Projects
Harry Hopkins
Civil Works Administration
(CWA)
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FERA Baby
4 million employed
Federal
Short Lived
Public Works Administration
(PWA)
• Built mainly dams, bridges
and public buildings.
• Causeway connecting
Florida mainland with Key
West.
• Contracted Private Firms
• Harold Ickes (Sec. of Int)
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Works Progress Administration
(WPA)
Employed 8 million
Built public facilities (schools, parks)
Large Art/Literature Projects
Employed directly
13.4 billion (most)
WPA
WPA
Securities and Exchange Commission
(SEC)- watchdog for unfair stock trading
practices
Examples: Insider Trading/Transparency
Federal Housing Administration
(FHA)
• Requires mortgage insurance
• Stabilized the housing market?
• Sets building codes
Social Security Administration
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OASDI
FICA
Average = $40/month
Today = $1,230/month
BRAIN TRUST
• Economic intellectuals that helped devise
the New Deal programs
Civilian Conservation Corps (CCC)
Agricultural Adjustment Administration (AAA)
Tennessee Valley Authority (TVA)
National Recovery Administration (NRA)
Civil Works Administration (CWA)
Public Works Administration (PWA)
Works Progress Administration (WPA)
Federal Deposit Insurance Corporation (FDIC)
Securities and Exchange Commission (SEC)
Social Security Administration (SSA)
Federal Housing Administration (FHA)
Francis Perkins
• Secretary of Labor
• 1st Female Cabinet
member
Wagner National Labor Relations Act
1935-present (amended)
• Guarantees workers rights to organize
and for collective bargaining
• Led to a rapid increase in union
membership
• Major Union Organizations
– AFL= craft (skilled)
– CIO= industrial (unskilled)
• John L. Lewis (United Mine Workers)
Fair Labor Standards Act
• Established federal minimum wage ($0.25)
• Overtime pay
• Child Labor restrictions
• http://www.dol.gov/whd/minwage/america.
htm
Check out this poster!
Reciprocal Trade Agreements
New Deal for African Americans
• 1936 Party Shift (75%)
• “Black Cabinet”
– Federal Council of Negro Affairs
• 45 Mid-level Administration positions
• WPA- “colorblind”
Election of 1936
New Deal for African Americans
Not So New Deal for African
Americans
• 10% rules
• NRA
– Last hired, First Fired
– Separate Pay Scales
• AAA
– Production cutbacks and ?
• CCC- segregation
• Social Security
– exclusions
Did the New Deal Work????
Study
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Causes of GD
Hoover’s Approach
New Deal Goals (3 Rs)
New Deal Programs
New Deal Opposition
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AAA
CCC
FERA
Reciprocal Trade Agreement Act
TVA*
SEC*
SSA*
WPA
PWA
CWA
FHA*
NRA*
FDIC*
Fair Labor Standards Act*
Sides Game
Pig Slaughter
• Landon
Dam Electricity
Mortgage Insurance
• Coughlin
Insures Bank Deposits
Business Codes
• Townsend
Reduce Tariffs
Government Contracts Private
Most Expansive Direct Government
Public Works Organization
• Long
Hoover’s Philosophy
Buying Stocks with Borrowed
Money
3 Rs
• African American Election Shift Year
• Long’s Plan
• Original FDIC max.
• Court-packing age
• Vets in DC
Election 1932
Critics of the New Deal
Too Much
• Republicans/Conservatives
• Supreme Court
• States’ Rights Groups
• Industrialists/Big Business
Opposition to New Deal
• The Wealthy
• Huey Long- “Share Our Wealth” program
• Supreme Court
Court-Packing Bill
• Judicial Procedures Reform Bill of 1937
• Bill would allow FDR to add a new justice
for each one over 70 years old
• Maximum 6
Election of 1936
Election of 1936
• “The price of
economic planning is
the loss of economic
freedom. And
economic freedom
and personal liberty
go hand in hand.”
Too Little
• Huey Long
• Francis Townsend
Senator Huey Long
“Share the Wealth”
“Share the Wealth”
1= 0%
2= 1%
3= 2%
4= 4%
5= 8%
6= 16%
7= 32%
8= 64%
>8= 100%
$5000 minimum salary
Income tax rates of
100% for all
incomes over $1
million.
Dr. Francis Townsend
• “Townsend Plan”
• $200/month
• 60+
• Influenced
Social Security
Critics of the New Deal
Father Coughlin
Radio Priest
Father Coughlin
Radio Priest
Civilian Conservation Corps (CCC)
Agricultural Adjustment Administration (AAA)
Tennessee Valley Authority (TVA)
National Recovery Administration (NRA)
Civil Works Administration (CWA)
Public Works Administration (PWA)
Works Progress Administration (WPA)
Federal Deposit Insurance Corporation (FDIC)
Securities and Exchange Commission (SEC)
Social Security Administration (SSA)
Federal Housing Administration (FHA)
New Deal for African Americans
• 10% rules
• 1936 Party Shift
• 45 Mid-level Administration positions
Did the New Deal Work????
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AAA
CCC
FERA
Reciprocal Trade Agreement Act
TVA
SEC
SSA
WPA
PWA
CWA
FHA
NRA
FDIC
Fair Labor Standards Act
FDR
• New Deal
• Relief, Recovery,
Reform
• Bank Holiday
• AAA,CCC,TVA,
SEC,SSA,WPA,
PWA,CWA,FHA,
NRA,FDIC
• Wagner Act
• Fair Labor Standards
Act
• Court Packing
Hoover
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Rugged Individualism
Hawley-Smoot Tariff
RFC
Hoover Dam
Bonus Army
Acronym Review
• CCC
• Civilian Conservation Corps
• AAA
• Agricultural Adjustment Administration
• TVA
• Tennessee Valley Authority
• NRA
• National Recovery Administration
New Deal Review
• CCC
• Jobs, $30/month, single men, camps
• AAA
• Decrease supplies to increase price
• TVA
• Dams, electricity, flood control
• NRA
• Set prices and standards in industry
Agricultural Adjustment Administration (AAA)
Civilian Conservation Corps (CCC)
Tennessee Valley Authority (TVA)
Securities and Exchange Commission (SEC)
Social Security Administration (SSA)
Works Progress Administration (WPA)
Public Works Administration (PWA)
Civil Works Administration (CWA)
Federal Housing Administration (FHA)
National Recovery Administration (NRA)
Federal Deposit Insurance Corporation (FDIC)