• 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 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
st
{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.
• 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
• Jobs Works Progress Administration (WPA)
• Pension system for retirees Social Security Act
• Farmers Rural Electrification Administration (REA)
• 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)
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.