Download A New Deal Fights the Depression

A New Deal Fights the
Depression
Chapter 15, Section 1 Notes
Objectives:
Summarize the initial steps Roosevelt
took to reform banking and finance
Identify critics of FDR’s New Deal
Describe New Deal work programs
Main Idea and Why It Matters Now
Americans still benefit
After becoming
from programs that
president, FDR
were begun in the
used government
New Deal, such as
programs to combat
bank and stock
the Depression.
market regulations
and the Tennessee
Valley Authority.
Presidential Election of 1932
People were suffering
Lack of jobs, food, and hope
Republicans re-nominated Hoover
Little chance of winning
Democrats nominated FDR
Franklin Delano Roosevelt
2 terms as governor of NY
Reform minded leader
Election of 1932
FDR wins overwhelmingly
Democrats win a 2/3 majority in the
Senate
Democrats win ¾ majority in the House
FDR has to wait four months to take the
office of President
Plans for his term
A Cartoon
Depicting
FDR’s
entrance into
the
Presidency
The New Deal
Brain Trust
FDR’s highly skilled advisors
Formulate a set of policies for his administration
The New Deal
Program designed to alleviate the problems of the
Great Depression
3 Goals
Relief for the needy
Economic Recovery
Financial Reform
The First New Deal
The First 100 Days
Period of intense legislative activity
15 pieces of legislation
Focus of tomorrow’s lesson
Expanded the federal government’s role in the
nation’s economy
Reforms banking and finance – bank holiday
Revive public confidence
Help the American people
Relief to farmers, jobs to the unemployed
FDR
Born into a wealthy family
Stricken with polio – partially paralyzed
Confident leader
First President to use live radio to address
the American public
Fireside Chat
Talked about issues of public concern
Explained the New Deal in clear terms
The New Deal Under Attack
FDR used Deficit Spending
Spending more money than the government
receives in revenue
Keynesian economics – government spends
money to stimulate economic recovery
More money in the hands of consumers to fuel
economic growth
A necessary evil?
The New Deal did not end the depression
The New Deal Under Attack
Liberal critics
Did not go far enough to reform the system
Conservative critics
Too much direct relief
Socialist!
Interfered with free market ideology
Supreme Court
The Supreme Court struck down New Deal
programs as unconstitutional
Too much power in executive branch
Interfered with state-federal roles (federalism)
FDR proposes a court-packing bill
Reorganize judiciary and allow FDR to appoint
new justices
Storm of protest
FDR gets to appoint new judges anyway due
to retirements/resignations
3 Critics
Father Charles Coughlin – Roman Catholic
priest with a radio show
Wanted government controlled banks and a
guaranteed annual income
Dr. Francis Townsend
FDR not doing enough for poor and elderly
Pension plan to help the aged
Senator Huey Long of Louisiana
“Share-Our-Wealth” program
assassinated