NEW DEAL PROGRAMS NEW DEAL PROGRAMS FDR 1933 Inauguration BANKING • Reconstruction

							NEW DEAL PROGRAMS




 FDR 1933 Inauguration
                   BANKING
• Reconstruction Finance
  Corp. – From Hoover,
  kept by FDR, loaned $ to
  banks to stay open
• “bank holiday” – FDR
  closed all banks right
  after his inauguration
• Emergency Banking Act
  – reopened those banks
  with the funds to be safe;   Newspaper Reports
                               FDR’s Quick Action
  increased govt. oversight
  of banks
                      BANKING
                                       • “fireside chats” –
                                         first of these radio
                                         talks to the nation
                                         by FDR focused
                                         on getting people
                                         to put money back
                                         into the recently
                                         reopened banks
                                       • F.D.I.C. (Federal
                                         Deposit Insurance
                                         Corp.) – protected
                                         up to $5,000 in
FDR delivers his first fireside chat     individual deposits
                                         in banks
                FARMERS
• Dust Bowl (1930-1936) – dust storms caused by
  severe drought in which the fertile soil of the
  plains was blown around and farms were ruined
                   FARMERS
• Farmer’s Holiday
  Association –
  farmers withheld
  grain and livestock
  from market
  (1932)
• Wisconsin Milk
  Strike – dairy
  farmers dumped
  milk to prevent it
  from going to
  market in hopes of
  raising the price     Wisconsin Farmers Breaking Milk Bottles
  on milk (1933)
FARMERS
   • Farm Credit
     Administration (1933)–
     provided loans to
     farmers to meet farm
     payments
   • A.A.A. (Agricultural
     Adjustment Act) –
     provided subsidies to
     farmers to produce less
                FARMERS
• Resettlement
  Administration (1935)
  – gave loans to tenant
  farmers to buy their
  own farms and to
  sharecroppers and
  migrant farmers to
  move to more
  profitable areas
• Rural Electrification
  Administration (1935)
                FARMERS
• Butler v. U.S. (1935) – Supreme Court case that
  struck down the A.A.A.
• Soil Conservation Act (1935) – passed after
  A.A.A. was struck down; paid farmers to plant
  grasses instead of crops




                                      Soil Erosion
                                      Research Site
                                      In Oklahoma
                FARMERS
• Farm Tenancy Act (1937) – created Farm
  Security Administration which loaned $1 billion
  to farmers to buy farms (replaced the
  Resettlement Administration)


                                       Tenant Farmers
                                       in a Cotton Field
                                       in Mississippi
   UNEMPLOYED / WORKERS
• Federal Emergency
  Relief Act (1933) –
  $500 million to state
  and local relief
  agencies
• Home Owners Loan
  Corp. (1933) – helped
  city dwellers to
  refinance home
  mortgages               Soup Kitchen for the Unemployed
  UNEMPLOYED / WORKERS
• National Industrial Recovery Act (N.I.R.A.)
  – created the Public Works Administration
  (P.W.A.) which provided jobs mostly in
  construction projects (1933)
  UNEMPLOYED / WORKERS
• Tennessee Valley Authority (T.V.A.) – provided
  construction jobs, prevented soil erosion and
  flooding, and provided jobs operating the
  hydroelectric dams (1933)
  UNEMPLOYED / WORKERS
• Civilian Conservation Corp. (C.C.C.) – employed
  jobless urban young men in projects like
  creating parks, reforestation, and soil erosion
  control (1933)
  UNEMPLOYED / WORKERS
• Civil Works Administration (C.W.A.) –
  temporary public works agency (1933)



                              C.W.A. Workers in
                              New York City
  UNEMPLOYED / WORKERS
• Works Progress Administration (W.P.A.) –
  expanded previous works programs to those of
  nearly all occupations (1935)


 W.P.A.                               ◄ W.P.A.
 Artist’s                              Sponsored
 Work ►                                Theater
         INDUSTRY / LABOR
• National Recovery Administration (N.R.A.) –
  drafted codes for each industry for production
  limits, wages, prices, etc. (1933)
   – also part of N.I.R.A. like the P.W.A.
        INDUSTRY / LABOR
• Schechter Poultry Corp. v. U.S. (1935) – a
  Supreme Court case that invalidated regulations
  on the poultry industry and essentially struck
  down the N.I.R.A.
           INDUSTRY / LABOR
• Wagner Act (1935) – replaced the struck down
  N.I.R.A.; it allowed unions and collective
  bargaining and set up the National Labor
  Relations Board (N.L.R.B.), which oversaw its
  responsibilities and mediated between unions
  and management

 N.L.R.B. was designed to prevent
 problems like this police battle
 with striking truck drivers in
 Minneapolis, Minnesota in 1934
         INDUSTRY / LABOR
• Congress of Industrial
  Organizations (C.I.O.) –
  when the American
  Federation of Labor indicated
  reluctance to organize
  unskilled workers, John L.
  Lewis, who was president of
  the United Mine Workers
  Union, created the C.I.O.
  which attracted millions of
                                  John L. Lewis
  unskilled industrial workers
        INDUSTRY / LABOR
• Sit-down strikes

• Fair Labor
  Standards Act
  (1937) – gives
  sanction to the
  minimum wage
  and maximum
  work week of 40
  hours              Auto workers sitting on car seats
                     inside a GM factory in Flint during
                     1937 UAW sit-down strike
           STOCK MARKET
• Federal Securities Act
  (1933) – required
  corporations to inform
  govt. of all stock
  offerings (to try to end
  insider trading)
• Congress abolished
  buying on margin
  (1934)
• Securities and
  Exchange Commission
  (S.E.C.) – set up to       1934 S.E.C. Meeting with
                             Joseph Kennedy seated in center
  enforce regulations on
  the stock market (1934)