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election.
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The Election of 1932
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The Roosevelts
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A Political Partnership
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Saving the Banks
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Franklin Roosevelt as President: the first 100 days
Banking Hundred
Click to edit the
Beyond the
Crisis Days Hundred
outline text format
• Temporarily • Critical Days
closed all the period of
Second
•
Outline
FDR and
nation’s government Congress
Level
passed
banks to stop activity important
panic and •
Roosevelt − Third Outline
legislation after
large-scale pushed the Hundred
Level
withdrawals Congress to Days
• Passed the put most of •
Fourth
Created the
Civil Works
Emergency his New Outline
Administration
Banking Act Deal into
practice.
•
Level
Passed the
• Glass- Indian
Fireside Chats
•
FDR gave 30 radio speeches to the nation, which became
known as .
FDR’s
first
fireside
chat on
the bank
crisis.
(March
12,
1933)
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•
Roosevelt declared a “”, closing every bank in the nation for
eight days.
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•
Congress then passed
the , which only
allowed banks to open
if they had enough
funds to pay their
depositors.
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The First New Deal
Federal
Emergency Relief
Administration
½ billion dollars
given to state &
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The First New Deal
National Industrial
Recovery Act
(NIRA)
Helped business
by requiring that
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II. plans for
I. Relief for the economic
unemployed Recovery
III. Reforms to
prevent another
depression
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Trouble for the New Deal
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Criticism of the New Deal
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Criticism of the
New Deal
:
· He criticized FDR
on his radio show
for not taking
stronger action
against bankers and
rich investors.
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Criticism of the
New Deal
•
He proposed giving
every American over
age 60 a pension of
$200 per month.
•
However, people receiving the pension would have to retire,
freeing up the job for a younger American.
•
In addition, every person that receives the pension would be
required to spend it immediately in order to spur the economy.
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Criticism of the
New Deal
· It complained that
the New Deal
interfered too much
with business and
people’s lives.
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FDR and the
Supreme Court
The Conflict:
· The Supreme
Court ruled that
many New Deal
laws were
unconstitutional.
Ex.) AAA
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The Results:
· Many Americans,
including New Deal
supporters, felt that FDR
was unfairly trying to
control the Supreme
Court.
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June 16, 1937,
Providence (R.I.)
Bulletin,
" Pulling No
Punches"
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August 26, 1937
Newport (R.I.) News,
"And That's The Versatile
Quarterback Who Said If
One Play Didn't Work He'd
Try Something Else."
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The Second Hundred Days
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The New Deal II > Social Security Poster, 1936
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The New Deal Revives Organized Labor
1.National
Industrial
Recovery Act
(NIRA)
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The Election of 1936
achievements: •
American Liberty candidate polled
unemployment cut League tried to less than 2 percent
in half, income and
business earnings
stop Roosevelt’s
attack on big
− Third Outline
of the popular vote.
•
The Democrats
were up, New Deal
programs provided •
business.
Republican Alf
Level
again gained seats
in both houses.
hope and help Landon did not
•
Spoke out against pose a serious
Fourth
big business threat.
Outline
Level
A Troubled Year
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The Court-Packing Plan
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The New Deal > Historiographic Debates
•
1952, Herbert Hoover
•
New Deal failed because it “attempted to collectivize the American system of life.”
•
1940s-1960s, “liberal consensus” historians
• New Deal was a “pragmatic” revolution that expanded the role of the federal
government in American life.
•
mid-1960s, “New Left” historians
• New Deal was fundamentally conservative, it could but failed to redistribute
power in American society; it protected American capitalism.
•
1970s-2000s, contemporary historians (including Alan Brinkley)
• New Deal could not have done more than it did, because of conservative
Congress, the lack of adequate government bureaucracy, and localist and
antistatist political culture.
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The Impact of the New Deal
The New Deal changed the link between the American people and their
government.
Roosevelt believed that government could help businesses and
individuals achieve a greater level of economic security.
The New Deal required a much bigger government.
Americans now began to look regularly to government for help.
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The Impact of the New Deal
Relief Recovery Reform
• Millions of • Not as •
More successful
Americans Click and
successful at to edit
long-the
lasting
enjoyed economic outline text format
• FDIC restored
some form recovery public
of help. •
Unemployme
Second Outline
confidence in
•
Direct relief nt remained Level the nation’s
high. banks.
or jobs that
•− Third Outline
SEC restored
provided a • Some critics public
steady argued that Level
confidence in
paycheck Roosevelt stock markets.
needed the
Fourth
•
Programs •
New Deal left
such as support of Outline
thousands of
roadways,
Social big business. Level
bridges, dams,
Security and • Other critics
Limits of the New Deal
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The End of the New Deal
• Setbacks such as the court-packing fight and the
1937 economic downturn gave power to anti-New
Deal senators.
Weaken • Opposition in Congress made passing New Deal
ing legislation more difficult. Only one piece passed in
1938: the Fair Labor Standards Act (which set up a
Support minimum wage).