Franklin D Roosevelt and the New Deal FDR

FDR Elected in 1932 l Took Oath of Office – Mar 5, 1933 l

Restore Confidence l Upbeat and Optimistic l Great Speaker – Inaugural address “Only thing

The First 100 Days Greatest period of domestic legislation in American History in regards

Bank Recovery • • Lines at banks 4/5 of states temporarily closed their banks

Creation of Jobs – May 1933 l Federal Emergency Relief Act (FERA) l Civil

Agricultural Adjustment Act (AAA) – May 1933 l Farm commodity prices depressed l Attempt

National Industrial Recovery Act (NIRA) – June 1933 l Created Public Works Administration $3.

Is It Working? ? l l l Had no clear ideological basis, but. .

Reform Legislation of 2 nd New Deal l WPA – Works Progress Admin l

New Deal In Decline l FDR’s reputation from Court Packing takes a hit l

John Maynard Keynes l Government must spend during a recession – Deficit spending is

The New Deal in closing l Increased the size of federal bureaucracy l Committed

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Franklin D. Roosevelt and the New Deal

FDR Elected in 1932 l Took Oath of Office – Mar 5, 1933 l Began New Deal on inauguration day l New Deal – economic stimulus package to get US out of Depression l Elected to 3 more terms 1936, 1940, 1944. Only President to serve more than two.

Restore Confidence l Upbeat and Optimistic l Great Speaker – Inaugural address “Only thing we have to fear is fear itself” – Fireside Chats – weekly radio address

The First 100 Days Greatest period of domestic legislation in American History in regards to the number of significant bills that were passed

Bank Recovery • • Lines at banks 4/5 of states temporarily closed their banks Emergency Bank Act – Mar 9, 1933 Federal Deposit Insurance Company (FDIC) – June 1933

Creation of Jobs – May 1933 l Federal Emergency Relief Act (FERA) l Civil Works Administration l Civilian Conservation Corps (CCC)

Agricultural Adjustment Act (AAA) – May 1933 l Farm commodity prices depressed l Attempt to make farming competitive l Provided subsidies for farmers to not plant - fallow land

National Industrial Recovery Act (NIRA) – June 1933 l Created Public Works Administration $3. 3 billion l Established fair competition standards by industry l Workers rights l Opponents argued it is communism l Ruled unconstitutional in 1935

Is It Working? ? l l l Had no clear ideological basis, but. . . Banks reopen 100, 000 people go back to work. Economic indicators start to rise. Creates optimism. Does not end the depression…this leads to the 2 nd New Deal

Reform Legislation of 2 nd New Deal l WPA – Works Progress Admin l NLRA – National Labor Relations Act (Wagner Act) l Social Security Act 1935

New Deal In Decline l FDR’s reputation from Court Packing takes a hit l Recession in 1937 – more criticism of New Deal l Labor Strikes – national mood toward labor declines l Issues with Italy, Germany, Japan

John Maynard Keynes l Government must spend during a recession – Deficit spending is OK if necessary l Hope is to jump start the economy l During good economic times you pay down the national debt.

The New Deal in closing l Increased the size of federal bureaucracy l Committed country to federal responsibility for national welfare l African-Americans shift from republican to democrat voters