Chapter 22 The New Deal FDR 1933 Franklin

Chapter 22 The New Deal

FDR Ø 1933: Franklin D. Roosevelt takes office Ø Pledged the “New Deal” Ø Bipartisan: took in Republicans and women on his Cabinet

Eleanor Roosevelt Ø FDR’s wife, very outspoken 1 st lady. Ø Became the “eyes and ears” on the United States

First 100 Days Ø Emergency Banking Bill: banks closed for 4 days to get accounts in order Ø Fireside Chats: radio speeches to the people to deliver hope

Government Programs Ø Federal Deposit Insurance Corporation (FDIC): insured banks up to $5, 000 Ø Securities and Exchange Commission (SEC): regulate stock market

New Deal Programs Ø Farmers: Agricultural Adjustment Act l End overproduction and raise crop prices Ø Tennessee Valley Authority: built dams to control floods and generate power Ø Civilian Conservation Corps: gave 2 million young men jobs

New Deal Cont… Ø Ø National Recovery Administration: developed codes of fair competition l Established minimum wage and minimum good prices Public Works Administration: built bridges, dams, power plants, and government buildings

Opposition to FDR Huey Long - Senator from Louisiana, who opposed Roosevelt. Was considered a serious threat to become the next president, but was assassinated by a lone gunman. “Every Man A King” Ø Republicans said “too much” Ø l Ø Government was too powerful Socialists said “not enough”

Second New Deal Ø Addressed social problems l Elderly, poor, unemployed, workers, and farmers

Works Progress Administration Ø Created to distribute $5 billion for new jobs Ø Employed 8 million people Ø Built 650, 000 miles of highway Ø 125, 000 buildings Deficit Spending spending more money than the government receives in revenue.

Social Security Ø Old-age insurance for retirees 65 or older and their spouses Ø Unemployment Compensation Ø Aid to families with dependent children and the disabled

Farmers Rural Electrification Administration: loaned money to build power lines and bring electricity to rural areas Ø Water Projects: irrigation and dams Ø

Labor Rights Wagner Act – recognized the right of employees to join labor unions and gave workers the right to Collective Bargaining. Ø Fair Labor Standards Act l Banned child labor l Created minimum wage l 44 hour work week Ø Congress of Industrial Organizations (CIO) l labor unions l Ethnically more diverse Ø

Effects of the New Deal Millions employed through programs Ø Banking system is stabilized Ø Stock market regulations Ø Social insurance for elderly and poor Ø Farming help Ø Government takes more active role in economy Ø Women and African Americans make advances Ø

Culture of the 1930’s Movies and Radio Ø Swing Music Ø Murals Ø Ø Literature l Grapes of Wrath

Golden Age of Hollywood