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Roosevelt & the New Deal

Roosevelt & the New Deal. Ch. 12. The First New Deal. Section 1. Election of 1932 Franklin D. Roosevelt v. Herbert Hoover Roosevelt wins FDR’s rise to power Former governor of New York Uses his power to deal with economic challenges First state relief agency.

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Roosevelt & the New Deal

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  1. Roosevelt & the New Deal Ch. 12

  2. The First New Deal Section 1

  3. Election of 1932 • Franklin D. Roosevelt v. Herbert Hoover • Roosevelt wins • FDR’s rise to power • Former governor of New York • Uses his power to deal with economic challenges • First state relief agency

  4. Before the FDR’s inauguration • Unemployment continues to rise • Bank runs increase • Americans begin converting their money into gold • Americans believe that Roosevelt would end the gold standard • Began taking gold & currency out of banks • 4000 banks collapse by March 1933 • Governor will declare bank holidays to deter bank runs

  5. The Hundred Day’s Begin • March 9-June 16, 1933 • Congress will pass 15 major acts to help the economic crisis • These programs will make up The First New Deal • To generate new ideas & New Deal programs • Roosevelt puts together a group of advisors from many different backgrounds

  6. Roosevelt’s advisors will be divided into 3 main groups • Group 1 • New Nationalism • Believed government & businesses should work together to manage the economy • Group 2 • Distrusted big business and wanted government planners to run key parts of the economy • Group 3 • New Freedom • Ideas from Woodrow Wilson • Felt it was the governments responsibility to restore competition to the economy

  7. What were the Programs/Initiatives made up the First New Deal? What is their effect on America today?

  8. What were the Programs/Initiatives made up the First New Deal? What is their effect on America today?

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