The Election of 1932 The New Deal Election

The Election of 1932 & The New Deal

Election Results • Roosevelt won by a landslide in the election of 1932 • FDR received 23 million votes, compared to Hoover who received 16 million • FDR won electoral votes from all of the states except from 6 in the Northeast. WHY?

New Deal • In March, 1933, FDR (Franklin Delano Roosevelt) was inaugurated into the presidency • Roosevelt formulated a program known as the “New Deal” • The name was taken from a phrase in one of FDR’s speeches in which he promised a “new deal for the American people” i. e. **FRESH START**

New Deal • Three goals of the New Deal –Relief for the needy-(LIKE WELFARE) – Economic Recovery-(“FIX” SYSTEMS-i. e. banks) – Financial Reform-(CHANGE)

Hundred Days • Upon taking office, FDR launched into a period of intense activity, known as the Hundred Days (March 9, 1933 -June 16, 1933). • During this time, Congress passed 15 major pieces of legislation , which expanded the role of the Federal government in the nation’s economy.

Bank Reform • Roosevelt’s first step as president was to institute banking and finance reforms • FDR established the first Bank Holiday. He closed all banks to prevent future withdrawals. • Congress then passed the Emergency Banking Relief Act to inspect banks. Those that were sound remained open, and those that could not pay debts closed.

Fireside Chats • On March 12, the day before banks were to reopen, FDR gave his first fireside chat • Fireside Chats were radio talks the FDR gave occasionally about issues of public concern • These “chats” made Americans feel as if the president were directly talking to them