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Roosevelt Tackles the Depression

Roosevelt Tackles the Depression. 1932 the country was in deep trouble. The summer of ’32, Democrats nominate Franklin Delano Roosevelt. FDR pledges a new deal for the American People. . Franklin D. Roosevelt. Education ; Harvard and Columbia Law

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Roosevelt Tackles the Depression

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  1. Roosevelt Tackles the Depression 1932 the country was in deep trouble. The summer of ’32, Democrats nominate Franklin Delano Roosevelt. FDR pledges a new deal for the American People.

  2. Franklin D. Roosevelt • Education; Harvard and Columbia Law • Marries; Teddy Roosevelt’s niece Eleanor. • New York Senator in 1910 • Assistant Secretary of the Navy in 1912 • Diagnosed with Polioin 1921 • Governor of New York in 1928 • “The only thing to fear is fear itself”

  3. First 100 Days • Roosevelt and his brain trust (group of advisors) campaigned a New Deal: Relieffor the hungry and jobless Recoveryfor agriculture and industry Reforms to change the way the economy worked • FDR Fireside Chats • In these radio talks, Roosevelt explained his policies in a warm and friendly style.

  4. Major features of the New Deal Franklin D. Roosevelt • Social Security • Federal work programs (CCC) • Farm assistance programs (AAA) • Increased rights for labor • Fair Labor Standards Act

  5. Fixing Banks (Reforms) • Emergency Banking Relief Act • Roosevelt closed banks; bank holiday. • Banks are examined and issued Department of Treasury licenses if financially sound. • Securities and Exchange Commission Act (SEC) • Regulate the stock market and prevent fraud. • Glass Steagall Act no longer allowed the banks to risk money in the stock market. • Federal Deposit Insurance Corporation (FDIC) • Provide government insurance for bank deposits up to a certain amount.

  6. Farms and Industry (Recovery) • Agricultural Adjustment Administration (AAA) • Regulated farm production and promoted soil conservation • National Recovery Administration (NRA) • Regulated industry and raised wages and prices.

  7. Jobs/Debt Relief • Civilian Conservation Corps (CCC) • Offered unemployed men between 18 and 25 work. • Planted trees, fighting forest fires, building reservoirs. • Earned $30 a month and lived in camps • Public Works Administration (PWA) • Construction projects. • Awarded contracts to construction companies. • Insisted contractors hire African American. • Civil Works Administration (CWA) • Hired workers directly and put them on the federal government’s payroll. • Built or improved 1,000 airports, 500,000 miles of roads, 40,000 school buildings and 3,500 playgrounds, parks, playing fields

  8. Second New Deal • in 1935, Roosevelt launches a 2nd new deal • Social Securities Act most important program of the new deal. • Provided security for the elderly and for unemployed workers • in 1936, Roosevelt re-elected for a 2nd term • The last new deal reforms are launched • Fair Labor Standards Act • Abolished child labor. • Established 40 hour work week

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