New Deal

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New Deal

  1. 1. FDR’s New Deal “ We have nothing to fear, but fear itself.”
  2. 2. The “3 R’s” <ul><li>Relief : direct assistance to the poor </li></ul><ul><li>Recovery : stimulating the economy to get it rolling again </li></ul><ul><li>Reform : government policies to prevent another economic collapse </li></ul>
  3. 3. “ The First Hundred Days” <ul><li>Bank Holiday : </li></ul><ul><li>To prevent bank runs, FDR shut down banks for a period of time to recover. </li></ul><ul><li>Banks opened when they had enough money available. </li></ul><ul><li>Civilian Conservation Corps (CCC) </li></ul><ul><li>Unemployed young men worked building roads and in conservation- lived in army style camps. </li></ul>
  4. 4. “ The First Hundred Days” <ul><li>Federal Emergency Relief Act (FERA) </li></ul><ul><li>Direct money paid to states to replenish aid programs run by the states </li></ul><ul><li>Civil Works Administration (CWA) </li></ul><ul><li>Created many jobs (some not necessary) to give people aid. </li></ul>
  5. 5. “ The First Hundred Days” <ul><li>Agricultural Adjustment Act (AAA) </li></ul><ul><li>Subsidies to farmers who cut production- caused prices of crops to rise- helping farmers. </li></ul><ul><li>Tennessee Valley Authority (TVA) </li></ul><ul><li>Built dams along rivers to provide jobs, control flooding, and provide electricity in rural areas. </li></ul>
  6. 6. “ The First Hundred Days” <ul><li>Federal Deposit Insurance Corporation (FDIC) </li></ul><ul><li>Established to protect people’s deposits in banks to renew faith in banking system </li></ul><ul><li>National Industrial Recovery Act (NIRA) </li></ul><ul><li>Established (NRA) National Recovery Administration </li></ul><ul><li>Set codes for fair trade- minimum wage and workers’ rights </li></ul>
  7. 7. “ The First Hundred Days” <ul><li>(FTC) Federal Trade Commission </li></ul><ul><li>(PWA) Public Works Administration </li></ul><ul><li>(HOLC) Home Owners Loan Corporation </li></ul>
  8. 8. Helping Workers; Social Security <ul><li>Social Security Act provided retirement plan for workers </li></ul><ul><li>Provides old age, survivor, disability compensation </li></ul><ul><li>Longest lasting program... </li></ul>
  9. 9. Legacies of the New Deal <ul><li>Greater government involvement in people’s lives and government </li></ul><ul><li>Government size and power grew </li></ul><ul><li>Relationship changed between the government and the people </li></ul><ul><li>The New Deal did NOT bring us out of the Great Depression... </li></ul>

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