The Great Depression
New Deal
Franklin Delano Roosevelt
Distant cousin of
President Theodore
Roosevelt.
Lived in the wealthy
section of New York
known as Hyde Park.
Studied at Harvard
College and Columbia
University.
Contracted the disease
polio which left him
paralyzed from the
waist down.
Franklin Delano Roosevelt
Political Career:
1913: Secretary of the Navy.
1920: Vice President Candidate.
1928: Governor of New York.
Roosevelt filled his Cabinet and advisor positions
with experts.
“Brain Trust” – a group of Roosevelt’s advisors
who were experts in economics, social planning,
and law.
Uses “fireside chats” over the radio to have
informal talks with the Americans.
Bills To Congress
Within the first 100 days, Roosevelt drafted 15
bills he sent to Congress.
EMERGENCY BANKING RELIEF ACT –
Put banks under federal supervision. It allowed
banks to borrow federal funds to operate.
AN ECONOMY BILL – The bill cut all federal
employees’ salaries and cut veterans’ pensions.
President also sent a bill to Congress to legalize
the sale of beer and light wines.
FEDERAL EMERGENCY RELIEF ACT –
Allocated money to local and state welfare
agencies, which distributed it to the
unemployed.
Bills To Congress
CIVILIAN CONSERVATION
REFORESTATION RELIEF ACT – The act
set up the CCC – Civilian Conservation Corps.
The new agency was set up to give the
unemployed jobs by conserving the nation’s
forests. Men between the ages of 18 & 25, plus
WWI Veterans were paid $1/day to plant trees,
dig reservoirs, built bridges, and develop parks.
AGRICULTURAL ADJUSTMENT ACT –
The act created the AAA-AGRICULTURAL
ADJUSTMENT ADMINISTRATION. The
agency was set up to pay farmers not to farm,
but to ensure that surplus of livestock and crops
did not happen.
Bills To Congress
NATIONAL INDUSTRIAL RECOVERY ACT
– (June 1933) The act set up groups within
industries to write industry codes to control
production, price cutting, and working
conditions.
NATIONAL RECOVERY ACT – Created the
National Recovery Administration to enforce the
new codes.
PUBLIC WORKS ADMINISTRATION – Set
up under the NATIONAL INDUSTRIAL
RECOVERY ACT.
Bills To Congress
TENNESSEE VALLEY AUTHORITY –
Engineers built a series of dams on the
Tennessee River. Federal Securities Act –
Corporation now had to make stock information
public
Glass-Steagall Banking Act – Created the
FDIC: Federal Deposit Insurance Corporation.
The law stated that the government would insure
money deposited at an FDIC institution.
Farm Credit Administration – Gave farmers low
interest loans to help pay for their debts.
Home Owners’ Loan Corporation – Home
Owners could get low interest loans. This
helped to reduce monthly payments.