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Ch._23_Sec._1_Notes

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					   The New Deal

Chapter 23 Section 1 Notes
          F.D.R. becomes President
• F.D.R.
  – Gov. of New York, Democrat
• Brain Trust
  – F.D.R.’s advisors
• New Deal
  –   Plan to stop the Great Depression
  –   Relief for the needy
  –   Economic recovery
  –   Financial reform
                      1 st   100 Days
• 15 new laws
• Expanded Federal gov’t
  role in the economy
• Reform Banking
   – Bank Holiday
   – Emergency Banking Relief
     Act
• Fireside Chats
   – Radio Address’s
   – Explain to people what is
     going on
   Regulating Banking and Finance
• Glass-Steagall Act
  – FDIC: Insures your money in the banks
• Federal Securities Act
  – Companies had to properly report stocks
• Securities and Exchange Commission (SEC)
  – Regulates stock market
  – Check up on companies and their stocks
                  Rural Assistance
• Agricultural Adjustment        • Tennessee Valley
  Act (AAA)                        Authority (TVA)
   – Up prices by lowering         –   Very depressed area
     production                    –   Renovated and built dams
   – Paid farmers to not plant     –   Created thousands of jobs
     land                          –   Brought flood control and
   – Slaughter extra animals           electric
   – Farmers started to make
     money
                        Work Projects
• Civilian Conservation Corps (CCC)
  – Men 18-25, lived in traveling camps
  – Built Roads, Parks, Dams, Bridges, Planted trees
• National Industrial Recovery Act (NIRA)
  – Public Works Administration (PWA)
     • Big money for big projects
  – Civil Works Administrations (CWA)
     • 4 million jobs
     • Local projects
                  More Help
• National Recovery
  Administration (NRA)
  – Set Prices
  – Get Business back up
    and Running
         New Deal Under Attack
• Liberals
  – Did not go far enough to help the poor
• Conservatives
  – Went to far controlling business
• Supreme Court
  – Ruled the AAA and NIRA unconstitutional
     • Roosevelt was taking to much power!
  – Started to deconstruct the New Deal

				
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