did fdr relieve and reform america
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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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