The New Deal. Background 1929-Stock Market Crash Unemployment skyrocketing Bank failures, businesses...
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Transcript of The New Deal. Background 1929-Stock Market Crash Unemployment skyrocketing Bank failures, businesses...
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The New Deal
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Background
1929-Stock Market Crash
Unemployment skyrocketing
Bank failures, businesses close
Rising poverty
Hoover’s actions ineffective
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Hoover’s Response
Cut taxes, lower interest rates, create public works projects
Localism
Volunteerism
Trickle down economics (RFC)
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Franklin Delano Roosevelt
Political up-and-comer from New York
From a rich family
Elite education
Assistant Sec. of Navy
Sound familiar?
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New Deal
“The country needs… and demands bold, persistent experimentation. It is common sense to take a method and to try it. If it fails, admit it frankly and try another. But above all, try something!”
During campaign he was vague on what this “New Deal” would mean
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Differing philosophies
Hoover: ◦State and local agencies key to recovery◦ business cycle and role of business to lead the
US out of Depression
FDR:◦Federal government must take bold action◦Diverse Cabinet:“The Brain Trust”◦Calming influence on the people
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First Hundred Days
Relief, Recovery, and Reform
Big Problems need Big Solutions
“Fireside chats”
Bank holiday
FDIC: (Federal Deposit Insurance Corp.)SEC: (Securities and Exchange Commission)
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More Help
AAA (Agricultural Adjustment Act)
TVA (Tennessee Valley Authority)
CCC (Civilian Conservation Corp)
FERA (Federal Emergency Relief Act)
NIRA/NRA (National Industrial Recovery Act/ National Recovery Administration)
PWA (Public Works Admin)
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Hollywood Bowl
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Lincoln Tunnel
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Hoover Dam
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“Machinery”Paul Kelpe
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You Can’t Please Everyone
Republicans/Conservatives◦Gov’t too powerful◦Destroy free enterprise◦Limited individual freedom
American Liberty League◦Business leaders, Republicans, & Democrats
Liberals say not enough!◦Father Charles Coughlin, Francis Townsend, and
Huey Long (Share Our Wealth Program)
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2nd New DealWPA (Works Progress Administration)
SSA (Social Security Admin.)◦ Unemployment insurance◦ Pension for elderly◦ Workman’s compensation◦ Aid for poverty stricken mothers and children, the blind, and
disabled
All of these keep money in circulation and purchasing power up!
More help to farmers and transforming the West through water and power projects
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FDR and the Supreme Court
Many big projects ruled unconstitutional◦NIRA/NRA, AAA
FDR tried to “pack” the court ◦Age limits◦More justices◦Tried to push his agendas through◦FDR very popular but couldn’t supersede the
law
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Effects of the New Deal
Eleanor Roosevelt◦“The First Lady of Main Street”◦Promoted rights of women, minorities, & kids
Frances Perkins◦Sec. of Labor◦1st female Cabinet member
Black Cabinet
Indian New Deal
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New Deal Coalition
Massive change in voting patterns
FDR had widespread support◦He was elected 4 times!
Huge gains for Democrats
Brought country together, ease some of the social and ethnic divides
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The Long Term Effects
Larger Government (for good or evil)◦Many programs still in use today…and popular
Gov’t in the economy
Welfare state (not quite European, though)
◦“a country where no one is left out.”
Restoring the Environment
A more powerful President