WelcomeBaltimore Polytechnic Institute

February 2, 2012U.S. History

Mr. Green

The students will evaluate to what extent the steps Roosevelt took early to reform banking and finance impacted the Great Depression

Announcement: Chapter 15 Test Friday 2/10Coming on Friday: African-American projectDrill: Read One American's Story on page 504

and answer the following1. Why did receiving a CWA paycheck make

people so happy? 2. Why did New Deal programs like the CWA

raise the hopes of the American people?

Agenda/Topics To Be Covered

Electing Franklin D. RooseveltRepublicans re-nominated HooverDemocrats nominate 2-time NY governor FDR

distant cousin of Teddy RooseveltRoosevelt wanted to try something, even if it

failedRoosevelt won, Democrats controlled both housesWaiting for Roosevelt to Take Over4 month lame-duck period Ended with the 20th amendment but not this

electionDuring the 4 months, economy worsened

A new Deal Fights the Depression Ch. 15 Section 1 pgs. 504-510

Assembled the brain trust during the waitInitiated the New DealOnce inaugurated, FDR began the 1st 100 days

15 New Deal laws passedReforming Banking and FinanceMany Americans came to fear banksMarch 5, 1933 FDR authorized a bank holidayCongress passed Emergency Banking Relief Act

those banks that were solvent could openAn Important Fireside ChatMarch 12 FDR told Americans to put their

money back into the banks

Congress passed Glass-Steagall Banking Act of 1933

created the FDICCongress passed Federal Securities Act May

1933transparency to public

corporationsSecurities and Exchange Commission-1934

prevent insider trading21st amendment-legalized alcohol once again

needed source of tax revenue

Assisting FarmersAAA-raise crop prices by lowering production

farmers got paid not to farmMany Americans disagreed with this policyProviding Work ProjectsCivilian Conservation Corp (CCC)

men 18-25 building roads, parks, planting trees, soil-erosion/flood control projects$30/month with $25 of it sent home

Federal Emergency Relief Administration (FERA)$250 million to states as grants$250 million for direct relief for the needy

Helping the American People

Public Works Administrationprovided money to states to create jobs-built schools/community buildings

National Industrial Recovery Act (NIRA)created the National Recovery Administrationset prices for products, working hours, banned child labor

section of NIRA guaranteed right to unionize and bargain collectively

Tennessee Valley Authority-May 1933renovated and built dams in Tennessee River Valley

1000s of jobs, flood control, hydroelectric power

What was the immediate purpose and long-term goal of the following federal programs?

1. Emergency Banking Relief Act2. Glass-Steagall Banking Act of 19333. Federal Securities Act4. Agricultural Adjustment Act5. Tennessee Valley Authority6. Civilian Conservation Corp

Independent Work

Evaluate to what extent the first 100 days of the FDR administration demonstrated political reform. Be sure to define political reform in your essay

Exit Ticket

1. Read Chapter 15 Section 1 and 2.2. Chapter 15 Vocabulary3. 5 Question Quiz on Tuesday

Homework