New Deal Chart FDR and the New Deal

New Deal Chart FDR and the New Deal, 1933 -1941 3 R’s: Relief, Recovery, Reform 1 st New Deal – 1933 -1934 SPEED was the word of the day. Alphabet Soup: AAA, CCC, NIRA, PWA, NRA, TVA, FDIC, SEC, NLRB, FHA, WPA 1 st 100 Hundred Days – March 9 -June 16, 1933 Congress passed 15 major acts!

Think About § What was the point of FDR’s fireside chats to the American public during his administration?

National Bank Holiday/Emergency Banking Relief Bill – March 5 -9, 1933 § § § Contents of the Leg. FDR’s 2 nd day office Treasury Dept. inspect country’s bank If okay they re-open If not okay they stay closed Banks that needed help could get loans Significance/Impact § Improved public confidence banks

Civilian Conservation Corps (CCC, March 31, 1933) Contents of the Leg. § Men 18 -25 work building RR, parks, planting trees, helping in soil erosion, flood control projects § Men lived in camps § § § Significance/Impact Helped keep young people out of trouble $25 of $30 sent home to families Improved landscape of U. S.

Agricultural Adjustment Act (AAAMay 12, 1933) Contents of the Leg. § Raise crop prices lowering production § Paid farmers to leave some of every acre unseeded Significance/Impact § Helped raise farm prices & put $ farmers pockets § * Eventually found unconstitutional by Supreme Court: said should be left up to states to regulate

Federal Securities Act/ Truth in Securities Act (1933) – Securities & Exchange Commission Contents of the Leg. Significance/Impact § Corporations to provide § Restored credibility to complete info on stock market stocks & liable for § Led to - Securities and misrepresentations Exchange Commission

Glass-Steagall Banking Reform Act of 1933 Contents of the Leg. Significance/Impact § Created FDIC (Fed. § Reassured people their Deposit Insurance $ was safe Corp. ) § Separated Commercial & investment banking

National Industrial Recovery Act – created National Recovery Administration (NIRA/NRA- June 16, 1933) § § § Contents of the Leg. Promote industrial growth Est. codes of fair practice for industries Set prices for products to ensure fair competition Established standards for working hours & banned child labor Gave workers right to unionize Significance/Impact § Promote recovery by stopping wage cuts, falling prices, & layoffs § Gave workers a voice § * Found unconstitutional by Supreme Court – went beyond federal govts. powers

Tennessee Valley Authority (TVAMay 1933) pg. 508 -509 Contents of the Leg. § Renovated dams and made 20 new ones § § Significance/Impact Created 1000 s of jobs Provided flood control Hydroelectric power Helped impoverished area

Think About § The textbook information is separated into the 1 st & 2 nd New Deal. § Why was a 2 nd New Deal needed?

Works Progress Administration (WPA, 1934) § § Contents of the Leg. Create as many jobs as possible Budget = $ 11 Billion Airports, libraries, public schools, hospitals, roads, and streets Federal Number One. Artists (NYA) National Youth Administration Significance/Impact § Gave people sense of hope and purpose § From 1935 -43 employed more than 8 million

Wagner Act – 1935 Created the National Labor Relations Board Contents of the Leg. § Federal govt. supported right of workers to join union & collective bargaining § Listed unfair practices National Labor Relations Board (NLRB) § Came after NIRA found unconstitutional Significance/Impact § Gave a voice to union and workers § Held employers responsible

Social Security Act of 1935 § § Contents of the Leg. Old age insurance retirees 65+ & spouse (supplement to person’s personal retirement plan) ½ worker, ½ employer Unemployment Compensation (fed. Tax on employers) Aid to families with dependent children & the disabled (paid by fed. Funds thru states) Assisted blind, crippled, needy elderly, and mothers with dependent children § Provided benefits to millions of Americans § Federal government should be responsible for those unable to work

Soil Conservation and Domestic Allotment Act of 1936 Contents of the Leg. Significance/Impact § Paid farmers for cutting § In response to AAA production of soil that was depleting crops unconstitutional § Rewarded farmers for § President found a way soil conservation around the Supreme methods Court’s decision (S. C. thought ag. was a local matter to be regulated by states)