4. The New Deal
• The New Deal was not based on a clear
strategy shaped by a single philosophy. He was
not an intellectual—he was just a practical
politician. FDR was willing to try a variety of
approaches to see what worked.
• But the New Deal did change the role of
government. It made the government
responsible for managing the economy.
• This was the beginning of Big Government
5. First Hundred Days
• He pushed through Congress
legislation in his first hundred
days that would try and solve
the depression--setting a
precedent for all other
presidents to follow.
6. Fire-side Chats
• Within the first week of being in office he
called for a Bank Holiday—closed all banks. He
then ordered the National Treasury
Department print millions of dollars to be sent
to the banks. He spoke to the American
people via the radio and assured them that it
was now safe to put their money back into the
banks. When the banks opened the day after
the speech, deposits far out weighed
withdrawals. The banking crisis was over.
7.
8. • DFR, by Executive Order, outlawed the Gold
Standard—wanted people to use paper
money—Fiat money
9. The New Deal can be classified into 3
categories:
• Relief—short term action to help people right
immediately
• Recovery—measures designed to restore the
economy
• Reform—measures aimed at remedying or
fixing defects
• http://app.discoveryeducation.com/player/vie
w/assetGuid/831435AA-4BF5-49F0-9E247ABC0E76B02A
10. 1.Relief—short term action
• Tennessee Valley Authority-built 21
government-owned dams along the
Tennessee river, controlling floods and
producing electricity.
11. Civil Conservation Corps (CCC)—paid
young men to plant trees, build
roads, clear forests-men lived in camps
and received free food-sent $$ home
12.
13. • Public Works Administration-PWA-created
jobs to build public projects , such as schools,
roads, courts, post offices and bridges
14. • Works Progress Administration (WPA) created
federal jobs— by hiring artists, writers, and
musicians to paint murals, produce plays and
create artwork
15. 2.Recovery-measures restore the
economy
• National Recovery Act (NRA) –asked
businesses to set prices, production limits and
wages. The Supreme Court found this
Unconstitutional
16. • Agricultural Adjustment Act (AAA)-passed to
help farmers, raised prices, the government
bought surplus crops. Paid farmers to plant
less or not plant at all—Supreme Court
declared this unconstitutional as well.
17. 3.Reform-measures aimed at
remedying or fixing defects
• Federal Deposit Insurance Corporation (FDIC)insured bank deposits—restored confidence
18. • Securities and Exchange Commission (SEC)created to oversee the stock market and
prevent another collapse
19. • Social Security Act—provided workers
unemployment insurance, old age
pensions, and death benefits. It was the most
important act of the New Deal.
20. • National Labor Relations Act-Wagner Act-gave
workers the right to form unions
21. Court Packing Scheme• Because FDR feared the Supreme Court would
rule more of his programs unconstitutional, he
asked that 6 more judges be added—not a
popular idea!!
22. Impact of the New Deal
• Power of the Federal government increased
dramatically
