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Did FDR relieve and reform America?. Do Now: How did the New Deal help the people, economy, and government?. Banking Reforms. Emergency Banking Relief Act of 1933 Gave power to the president regulate and reopen banks Glass-Steagall Banking Reform Act

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Did fdr relieve and reform america

Did FDR relieve and reform America?

Do Now: How did the New Deal help the people, economy, and government?


Banking reforms
Banking Reforms

  • Emergency Banking Relief Act of 1933

  • Gave power to the president regulate and reopen banks

  • Glass-Steagall Banking Reform Act

  • provided the Federal Deposit Insurance Corporation

  • insured individual deposits up to $5000, thereby eliminating the epidemic of bank failure and restoring faith to banks.

  • FDR took the nation off of the gold standard and achieved controlled inflation by ordering Congress to buy gold at increasingly higher prices.


Jobs relief
Jobs & Relief

  • CCC created 3 millions Jobs for young men

  • Federal Emergency Relief Act gave $3 Billion to the states for direct relief or wages for works projects

  • AAA & HOLC refinanced farms and non-farm homes to help them paid mortgages

  • CWA provided temporary jobs to tens of thousands of homeless.

  • WPA provided employment on “useful” jobs such as buildings, bridges, and roads


Industry labor relief reform
Industry & Labor Relief & Reform

  • NRA There were maximum hours of labor, minimum wages, and more rights for labor union members, including the right to choose their own representatives in bargaining.

  • Merchants who subscribed to it placed posters in their windows

  • Supreme Court declared NRA unconstitutional in Schechter Poultry vs. US (Sick Chicken Case)

  • Public Works Administration aimed at long-range recovery by spending over $4 billion on some 34,000 projects that included public buildings, highways, and parkways


Relief to farmers
Relief to Farmers

  • AAA paid farmers to reduce their crop acreage and would eliminate price-depressing surpluses.

  • Destroyed needed food and increased unemployment

  • Supreme Court killed it in 1936

  • Second Agricultural Adjustment Act of 1938 continued conservation payments but was accepted by the Supreme Court

  • Various programs for the families in the Dust Bowl


Bankers big business
Bankers & Big Business

  • Federal Securities Act required promoters to transmit to the investor sworn information regarding the soundness of their stocks and bonds

  • Securities and Exchange Commission watchdog administrative agency designed to “watch” trading


Tennessee valley authority
Tennessee Valley Authority

  • TVA sought to discover exactly how much money it took to produce electricity and then keep rates reasonable.

    • It constructed dams on the Tennessee River and helped the 2.5 million extremely poor citizens of the area improve their lives and their conditions.


Social security act
Social Security Act

  • Created pension and insurance for the old-aged, the blind, the physically handicapped, delinquent children, and other dependents by taxing employees and employers.

  • 1939 45 million people were eligible for benefits

  • Republicans like Hoover attack it


Labor
Labor

  • Wagner Act (aka National Labor Relations Act) of 1935

  • Created a powerful board

  • Right of workers to join unions and to bargain collectively


Fdr s supreme court
FDR’s Supreme Court ?

  • FDR wanted to add one new justice for every justice who was over 70.

  • He claimed that it would bring new blood into the court and help the older justices with their work

  • Republicans and Democrats blasted FDR claiming he just wanted to “pack the court”

  • Congress passed a court reform bill and full pay for justices who retire after 70

  • Supreme Court became friendlier to New Deal programs

  • FDR appointed 9 justices during his presidency because of deaths and retirements


Impact of the new deal
Impact of the New Deal

  • 1933-1937 1st term still in depression

  • Unemployment at 15 percent

  • 1937 FDR began to cut back on spending

  • 1938 Republican Congressmen began replacing New Dealers


New deal or raw deal

Raw Deal

Waste, incompetence, confusion, contradictions and coruption

Federal government became the larges new business

National Debt

1932 $19,487,000,000

1939 $40, 440,000,000

Good Deal

Relieved the worse of the crisis in 1933

Collapse of American economy averted

Fairer distribution of national income achieved

Citizens able to gain and retain self-respect

New Deal or Raw Deal

What do you think?


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