Chapter 18

Married to Eleanor Roosevelt (niece of Theodore Roosevelt)

New York State Senator

Stricken with polio at 39

Governor of New York

President of the United States

March 9 – June 16, 193315 major acts passed by Congress to

help with the economic crisisRoosevelt used his “fireside chats”

to encourage Americans and explain his New Deal programs.

Programs focused on immediate relief, recovery, and long term reform programs. (3 R’s)

SEC – Securities and Exchange Commission: regulate the stock market

FDIC – Federal Deposit Insurance Corporation: government insurance for bank deposits

NRA – National Recovery Administration: cooperation between labor and business (prices, wages, and hours) Philadelphia Eagles Declared unconstitutional

PWA – Public Works Administration: required federal contractors to hire African Americans

HOLC – Home Owners Loan Corporation: government purchased mortgages and restructured them into lower payments

AAA – Agricultural Adjustment Act: paid farmers not to farm much of their land

TVA – Tennessee Valley Authority: built dams to regulate the quality of and price of water

CCC – Civilian Conservation Corps: employed young men 18-25 on natural resource conservation projects. Most popular of the New Deal programs

Roosevelt’s New Deal programs required spending federal money that the nation didn’t have. This was called deficit spending. He believed that the nation needed to spend money (projects and jobs for citizens) in order to begin making money and get out of the Depression.

In 2-3 paragraphs, evaluate what you know about F.D.R.’s New Deal programs. What do you think was successful? What programs might have been a waste? What could have been done differently during this time? What do you think may have been some criticisms of the New Deal?