Roosevelt and the New Deal.

Roosevelt takes office-1932.

The people are desperate for positive change.

They want action by the government.

Roosevelt’s New Deal will them what they want!

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“…the only thing we have to fear is fear itself….”

• By the time Roosevelt was inaugurated this was going on:

• Fear that gold standard to be abandoned.• Huge bank runs.• 4,000 bank failures.• 25 percent unemployment.• Many states declare Bank Holiday’s.

First Hundred Days-Regulations and “Priming the

pump.”• Emergency Banking Relief Act-National Bank

Holiday.• Glass-Steagall Act.• Federal Deposit Insurance Corp.(FDIC.)• Agricultural Adjustment Act.(AAA.)• National Recovery Administration. (NRA.)• Home Owners’ Loan Corp. (HOLC.)

Alphabet Soup Programs Continued….

• Farm Credit Administration (FCA.)

• Civilian Conservation Corp. (CCC.)

• Public Works Projects. (PWA.)

• Works Project Administration. (WPA.)

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W.P.A. at Work.

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Critics of the New Deal.

• Criticism from the Left and Right wings.

• Conservatives(Right Wing.) felt that Roosevelt’s deficit spending would permanently ruin the country.

• Huey Long and Father Coughin(Left Wing.) called for more government action.

Huey Long.

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Launching the Second New Deal.

• Supreme Court struck down NRA!

• Court packing plan?

• National Labor Relations Act. (NLRB.)

• Wagner Act-Magna Carta of Labor.

• Social Security Act.

Roosevelt’s Recession. 1937.

• Roosevelt cut back on government spending.

• This pushed U.S.back into economic trouble.

• Roosevelt again had to deficit spend.

• John Maynard Keynes.

Last of the New Deal Reforms

• National Housing Act. Helped poor people get housing.

• Farm Security Administration. Gave loans to tenant farmers to buy land.

• Fair Labor Standards Act. 40 hour work week and abolished child labor.

Federal Governments New Role.

• Broker State: Mediating conflicts between special interest groups.

• There is now a “Safety net” to protect Americans from bad times.