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664-669 * Interpret speech * Describe how the “New Deal” attacked the Great Depression.

664-669 * Interpret speech * Describe how the “New Deal” attacked the Great Depression. 664-669 * Interpret President Roosevelt’s first inaugural speech. * Describe how the “New Deal” attacked the Great Depression. Please do not mark on the packets. Word Cloud :

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664-669 * Interpret speech * Describe how the “New Deal” attacked the Great Depression.

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  1. 664-669 * Interpret speech * Describe how the “New Deal” attacked the Great Depression. 664-669 * Interpret President Roosevelt’s first inaugural speech. * Describe how the “New Deal” attacked the Great Depression. Please do not mark on the packets

  2. Word Cloud: A “word cloud” is a chart of the words used most frequently in a speech. Follow along as we listen to part of President Roosevelt’s Inaugural Speech and create your own “word cloud” in your notes. The larger the word, the more frequently that it was used. FDR’s First Inaugural Address March 4, 1933

  3. Directions: Now, skim read the rest of his speech and list the problems FDR identifies and the promises he makes. Problems Promises FDR’s First Inaugural Address

  4. Launching the New Deal • Action Now! • Roosevelt recognized that people wanted • some type on government action fast! • Many ideas came from FDR’s “brain trust”, • a group of Columbia University professors • who gave expert policy advice to Roosevelt. • Used “fireside chats” on the radio to com- • municate his programs to the public . • The First Hundred Days • Emergency Banking Act • Federal Depository Insurance Corporation • (a.k.a. Glass-Steagall Act) • Securities Act – later used to create S.E.C. • (Securities and Exchange Commission. • Home Owner Loan Corporation and the • Farm Credit Administration FDR’s First Fireside Chat

  5. Launching the New Deal • Ideas came from the “brain trust”. • Used “fireside chats”. • The First Hundred Days • Emergency Banking Act • Federal Depository Insurance • Corporation – (Glass-Steagall) • Securities Act – later used to • create S.E.C. in 1934. • Jobs • Federal Emergency Relief • Administration • Civil Works Administration • Public Works Administration • Civilian Conservation Corps

  6. Launching the New Deal • Helping Farmers • Agricultural Adjustment Act • subsidies- government payments • to farmers to NOT plant crops in • an effort to reduce surplus and • drive up prices. • parity- pre 1914 price levels • 1933 – Farmers plowed under • 10 million acres cotton. • AND 9 million lbs. pork. • RESULTS: • Prices rose • However, it hurt sharecroppers and poor tenant farmers • Supreme Court declared it unconstitutional in 1936.

  7. Launching the New Deal • Helping Industry • National Industrial Recovery Act • Headed by Hugh Johnson • Suspended anti-trust laws, • controlled prices by setting • production quotas, and • guaranteed workers right to • unionize (clause #7a). • Supreme Court declared • it unconstitutional in 1936.

  8. Launching the New Deal • Rank order the top three most important, • significant laws or agencies created by • the New Deal and explain why: • Emergency Banking Relief Act • FDIC • Securities Act (SEC) • Home Owners Loan Corporation • Farm Credit Administration • FERA • CWA • PWA • CCC • AAA • NIRA (NRA)

  9. Critics • Conservative Criticism • It expanded the government’s • regulatory role too much. • Called many programs Socialist. • Radical Criticism • Dr. Francis Townsend • Called for a national pension • for all Americans over age 60. • Father Charles Coughlin • Catholic priest who was critical • of FDR for not doing enough • to help factory workers. • Senator Huey P. Long • “Share Our Wealth” Program • Representative William Lemke • Demanded more help for farmers. Sen. Huey P. Long

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