The New Deal 1932 election vs. Hoover, wins by 7mil votes Pledged

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The New Deal

Roosevelt (D) Gets Elected

• 1932 election vs. Hoover, wins by 7mil votes

• Pledged “New Deal” for Am. ppl

• Fed gov’t  active role in economy

• “Brain Trust”: advisers to help plan N.D.

• Depend heavily on Eleanor (wife)  polio

{ First Inaugural Address }

First New Deal: 1933

• First hundred days: 15 bills

• 3 goals:

▫ Relief (from immediate hardship)

▫ Recovery (economic)

▫ Reform (to prevent future depressions)

• Declared 4-day bank ‘holiday’  give banks chance to get accounts in order before reopening

▫ Fireside chat (informal radio speech) to explain & reassure Am. people

Examples of Programs from 1

st

New Deal

{more on these, w/ specifics, in a minute}

• Financial system  FDIC

• Farmers  AAA

• Rural Southerners  TVA

• Relief & Industrial Recovery  CCC, FERA, PWA

▫ National Recovery Administration (NRA): dev. Codes of fair competition for whole industries  min wages, min prices for goods, etc.

Second New Deal

• Goal: to find solutions to ongoing probs caused by Gr. Dep.

• Gov’t intervention to help elderly, poor, unemployed, workers’ rights, etc.

• Paid for programs w/ deficit spending (spending $$ the gov’t didn’t have)

▫ Argument of Brit. Econom. John Maynard Keymes

▫ Public projects  more $ into hands of consumers  buy more

Programs of the Second New Deal

• Jobs  Works Progress Administration (WPA)

• Pension system for retirees  Social Security Act

• Farmers  Rural Electrification Administration (REA)

An Aside: Labor Unions

• During Gr. Dep, increase in union activity

• FDR believed raising living standard for US industrial workers would improve ENTIRE economy

▫ National Labor Relations Act (aka Wagner Act): right to join unions & to collective bargaining

▫ Fair Labor Standards Act: min wage, max workweek, outlaw child labor

• At same time, feud within major labor federation – AFL (few industrial workers)  est. CIO

• By 1940: 9 million workers in unions (2x # in 1930)

Alphabet Soup Agencies of the New Deal

The programs of the New Deal are sometimes called ‘alphabet soup’ because there are so many letters/ acronyms.

In your group, design (draw & color) a soup can to represent your N.D. agency.

• Name of agency/ program

• “Ingredients” of the agency  what does it do?

• Be prepared to present to class + explain how the program affected society during the Depression AND today (see chart)

• Use placard + book (ch. 18) for info as needed

Finished early? You may work on your study guide. You may not play on your phone or just sit there.

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