Alphabet Soup. The New Deal. FERA. AAA. TVA. Franklin Delano Roosevelt. Elected President in 1932 Promised the American people a New Deal Called Congress into emergency session in March, 1933. The New Deal sought relief for the needy, economic recovery, and reform of American
The New Deal
The result was “Alphabet Soup”,
new federal agencies, some successful, some not!
The CCC gave twenty-five million young men work in environmental improvement projects.
Gave farmers money to make up for the government’s request that they bring fewer crops to market.
The TVA provided funds to develop the Tennessee River Valley and fostered rural electrification.
The FDIC was designed to protect savings that were deposited in private bank accounts in the event of bank failures.
The FERA provided funds for local and state relief organizations to disburse to the unemployed.
The NRA created work codes and industrial safety regulations while attempting to set minimum prices and wages which business owners would not undercut.
It gave benefits to the elderly, the orphaned, and to people injured in industrial accidents.
The FSA lent money to sharecroppers and tenant farmers to help them buy their own land.
The NLRB guaranteed workers the right to join labor unions and call strikes.
The SEC regulated the Stock Market.
The WPA provided government funds for constructing public buildings, roads, bridges, and even hiring writers and artists.
The FHA was created to stimulate the building industry by providing small loans for home construction.
“This is pre-eminently the time to speak the truth, the whole truth, frankly and boldly. Nor need we shrink from facing conditions in our country today. This great nation will endure as it has endured, will revive and will prosper.
So first of all let me assert my firm belief that the only thing we have to fear is fear itself-nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.”
FDR First Inaugural Address
March 4, 1933
FDR’s New Deal marked a turning point in America. It was a revolutionary transformation of the federal government from a body with limited impact on the average person into a machine that left few Americans untouched.