fdr takes office chapter 12, section 1 coach presnell

FDR Takes OfficeChapter 12, Section 1

Coach Presnell

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Admin. Issues• Homework Due Tuesday• Finish FDR Monday• Test review Monday• Test Tuesday, begin WWII• Find a WWII veteran for interview

Objectives• Following this lesson, you will be able to:

– Understand the Roosevelt’s New Deal and its affects on the US during the Great Depression.

TVA DAMShttp://en.wikipedia.org/wiki/Douglas_Dam#cite_note-TNEncyclopedia-1

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Chapter 12, Section 1The First New Deal

Roosevelt’s Rise to Power

FDR WAS GOVERNOR OF NEW YORK WHEN HE WAS ELECTED PRESIDENT IN 1932,

PROMISING A NEW DEAL FOR THE AMERICAN PEOPLE.

Page 422


FDR’s Rise To Power• Prominent prior to polio (1920), takes a break

during and after• By 1928, elected Governor of NY• Nominated to run for president on “New Deal”

ideas• Wins by a landslide


The Hundred Days

UPON TAKING OFFICE, FDR LAUNCHED THE

NEW DEAL BY SENDING 15 MAJOR

PIECES OF LEGISLATION TO

CONGRESS.

(Page 424)


The First Hundred Days• Bank runs increase because the

Gold Standard is abandoned.• 9 million savings accounts lost!• FDR takes office, promises:

– “Let me assert my firm belief that the only thing we have to fear is fear itself, this nation asks for action, and action now!”

• FDR declares a banking holiday, decides it’s time for radical action


The Hundred Days• Between March 9 and June 16, 1933, 15 pieces

of legislation passed, a record!• FDR purposely picks a divided administration

called the “Brain Trust.”


Check On Learning…• Why did FDR easily get elected?• Why did the abandonment of the Gold Standard

cause bank runs?• Why did FDR pick a divided administration?• What did FDR’s administration do during the

first 100 days of his presidency?


Banks and Debt Relief

FDR TOOK STEPS TO STRENGTHEN BANKS

AND THE STOCK MARKET AND TO HELP

FARMERS AND HOMEOWNERS TO

KEEP THEIR PROPERTY.

Page 425


Banks and Debt Relief• FDR’s first move, get the banks back!• Emergency Banking Relief Act

– Investigate banks, issue licenses to sound firms

• First fireside chat, FDR prompts US to trust banks

• The next day, deposits far outweigh withdrawals


Banks and Debt Relief• Next step, shore up banks

and stock market– FDIC and SEC

• Help with personal debt, more disp. inc. – Homeowners’ Loan

Corporation (HOLC) covers 20% of American homes

– The Farm Credit Administration (FCA) help millions


Check on Learning…• What did the Emergency Banking Relief Act do

and what were the results?• Why was it important to shore up banks and the

stock market?• What did FDR do to shore up banks and the

stock market?• What did FDR do to relieve personal debt and

why was this important?


Farms and Industry

NEW DEAL LEGISLATION TRIED TO RAISE CROP PRICES AND STABILIZE INDUSTRY.

Page 428


Farms and Industry• The Agricultural Adjustment Act (AAA) is

extremely controversial, but works• The National Recovery Administration (NRA) is

entirely ineffective, ruled unconstitutional (price setting)


Relief Programs

PROGRAMS SUCH AS THE CCC, THE PWA, AND THE WPA PROVIDED JOBS FOR SOME

UNEMPLOYED WORKERS.

Page 430


Relief Programs• The Civilian Conservation Corps

(CCC) is considered the most successful program

• Public Works Administration (PWA) awards contracts to firms

• Neither really dent unemployment before winter, 1933

• Civil Works Administration does that, but super expensive!


Check On Learning…

• What did the Agricultural Adjustment Act want to do? Did it succeed?

• What was the point of the Civilian Conservation Corps (CCC)?

• What did the Public Works Administration (PWA) do?

• What was the difference in the Civilian Works Administration (CWA) and the PWA?

fdr takes office chapter 12, section 1 coach presnell

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