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New deal3 rev techup
- 1. Roosevelt’s New Deal Relief Recovery Reform
- 2. The Election of Franklin Roosevelt “Nothing to fear but fear itself” • Unemployment at 25% Inaugurated March 4, 1933 Thousands of state and federal banks had failed
- 3. US Unemployment Rate 2007 - 2010
- 4. Bank Failures • 1930 - 1933: 7, 646 Banks failed • 2008 – 2010: 294 Banks failed
- 5. The Three R’s of the New Deal RELIEF Stop the Pain RECOVERY Get Well REFORM Immunize (Prevent Relapse)
- 6. ReliefRelief
- 7. Legislation Passed During First 100 Days in Office 0 2 4 6 8 10 12 14 16 Roosevelt Kennedy Reagan Clinton Obama
- 8. • March 5, 1933 - Announced the immediate closure of all banks (a ‘bank holiday’) and began work to develop a plan to address the banking crisis • March 9, 1933 - called Congress into EMERGENCY SESSION Congress passed the Emergency Banking Act – which was designed to instill confidence in consumers
- 10. The Civilian Conservation Corps
- 11. Farm Credit Act of 1933 Federal Emergency Relief Act (1933) Agricultural Adjustment Act (1933) Tennessee Valley Authority (1933)
- 12. National Industrial Recovery Act (1933) Home Owners’ Refinancing Act (1933) Home Owners’ Loan Corporation The Civil Works Administration (1933-1934)
- 13. RECOVERY
- 14. The Work Progress Administration/ Work Projects Administration (1935)
- 15. The Federal Art Project The Federal Music Project The Federal Theatre Project The Federal Writers Project The Historical Records Survey
- 16. REFORM
- 17. Federal Securities Act (1933, 1934) Glass-Steagall Act of 1933
- 18. The Social Security Administration (1935) "We can never insure one hundred percent of the population against one hundred percent of the hazards and vicissitudes of life, but we have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age."-- President Roosevelt upon signing Social Security Act
- 19. LABOR The Triangle Shirtwaist Fire March 25, 1911 National Labor Relations Act 1935 National Fair Labor Standards Act (1938)
Notes de l'éditeur
- Come up with some background for this intro slide
- Move some of this ?
- Add more visuals to represent the three Rs (alka seltzer etc.)
- Add visual Divide the Agency pages into sections based on relief, recovery, reform; format each section of agency pages in similar visual fashion
- Emergency Banking Act (date) Closed all banks nationwide for 4 days; Banned the hoarding of gold; Examined all banks for solvency during closure; Banks were to be reopened after examination and reorganization if solvent, banks that needed some assistance would reopen more slowly and finally the third group would not reopen at all.
- CCC Provided jobs in a rural setting for young men under direction of the US Army Built public parks, cut fire trails, built small dams, drained swamps and helped with conservation efforts
- Established the Farm Credit Administration (FCA) Extended repayment schedules and provided emergency financing to farmers who were behind on their mortgage payments FERA - Established the Federal Emergency Relief Association (FERA) Worked with state governments to provide federal grants for emergency relief efforts Goal was to get people back to work while providing for a minimum standard of living AAA - Paid farmers to reduce the amount of land farmed in order to reduce the crop surplus Goal is to stabilize crop prices Agricultural Adjustment Agency (AAA) TVA - Purpose: To provide navigation, flood control, electricity manufacturing and economic development in the Tennessee Valley
- NRA - National Recovery Administration -Set ‘price floors’ Set minimum wage - Later declared unconstitutional (1935) Glass Steagall Act - Established the Federal Deposit Insurance Corporation (FDIC)Increased confidence in US Banks HOLC - Created the Homeowners’s Loan Corporation (HOLC) Lent low-interest money to families in danger of losing their homes to foreclosure CWA - Set up under FERA Provided temporary work for the winter of 1933 - 1934 Employed over 4 million Americans - Shoveled snow, cleaned up national parks, dredged rivers etc. FSA - Requires companies to provide investors with information concerning securities (stocks/bonds) being offered for sale to the public; Goal is to prohibit deceit, misrepresentations, and other fraud in the sale of securities; The 1934 Act established the SEC which regulates the stock markets and the sale of stock between persons not related to the issuer.
- WPA - Designed to create general public jobs for the unemployed
- NRA - National Recovery Administration -Set ‘price floors’ Set minimum wage - Later declared unconstitutional (1935) Glass Steagall Act - Established the Federal Deposit Insurance Corporation (FDIC)Increased confidence in US Banks HOLC - Created the Homeowners’s Loan Corporation (HOLC) Lent low-interest money to families in danger of losing their homes to foreclosure CWA - Set up under FERA Provided temporary work for the winter of 1933 - 1934 Employed over 4 million Americans - Shoveled snow, cleaned up national parks, dredged rivers etc. FSA - Requires companies to provide investors with information concerning securities (stocks/bonds) being offered for sale to the public; Goal is to prohibit deceit, misrepresentations, and other fraud in the sale of securities; The 1934 Act established the SEC which regulates the stock markets and the sale of stock between persons not related to the issuer.
- Title I- Grants to States for Old-Age Assistance, which supported state welfare programs for the aged Title II-Federal Old-Age Benefits. It was Title II that was the new social insurance program we now think of as Social Security. In the original Act benefits were to be paid only to the primary worker when he/she retired at age 65. Benefits were to be based on payroll tax contributions that the worker made during his/her working life. Taxes would first be collected in 1937 and monthly benefits would begin in 1942. (Under amendments passed in 1939, payments were advanced to 1940.)
- Frances Perkins was the Secretary of Labor under Franklin Roosevelt Secretary Perkins was the FIRST female member of a presidential cabinet The Triangle Shirtwaist Fire - March 25, 1911 146 women and girls perished; Fire ladders to short to reach the upper floors, few fire escapes, the ones that were there collapsed; Women and girls jumped to their deaths to escape the fire; National Labor Relations Act (1935) - Formed to protect the rights of employees and employers, to encourage collective bargaining, and to curtail certain private sector labor and management practices, which can harm the general welfare of workers, businesses and the U.S. economy.Essentially, granted workers the ability to unionize without fear of reprisal from employers and to engage in collective bargaining for better pay and working conditions National Fair Labor Standards Act (1938) - Prohibited child labor; Established a minimum wage; Established the 40 hour work week.