CHAPTER 34 THE GREAT DEPRESSION AND THE NEW DEAL
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Transcript of CHAPTER 34 THE GREAT DEPRESSION AND THE NEW DEAL
“HOOVERVILLES”
Election of 1932 Voters want economic
improvement Hoover is nominated for
Republicans Franklin Delano Roosevelt
chosen for Democrats5th Cousin of TR Eleanor became political partner
○ TR’s Niece She is the most active 1st LadyFDR had to prove he was not an
invalid
Election of 1932 Hoover said his policies
kept the GD from becoming worse.
FDR attacked Hoover’s spendingIronic -FDR spends much
more FDR 472 electoral
He got the black vote Hoover 59
Three R’s: Relief, Recovery, & Reform
“The only thing we have to fear is fear itself.”
Bank holiday March 6-10 Hundred Days Congress
Democratic Congress Congress gives FDR blank-
check powers New reforms –
unemployment insurance, old age insurance, minimum-wage reg., restrictions on child labor.
Roosevelt Tackles Money & Banking Emergency Banking Act of 1933 Fireside Chats to gain support. Glass-Steagall Banking Reform Act
Federal Deposit Insurance Corporation (FDIC)
FDR gets nation off gold standard
Creating Jobs for the Jobless
Civilian Conservation Corps (CCC)
Federal Emergency Relief Act (FERA)
Agricultural Adjustment Act (AAA)
Home Owners’ Loan Corporation (HOLCA)
Civilian Workers Administration (CWA)
Day for Every Demagogue Father Charles Coughlin
Catholic priest Michigan Dislike ND and voiced it on radio
Senator Huey P. LongLA popular for “Share the Wealth”
○ Unrealistic plan.
Dr. Francis E. TownsendCA had a plan for senior citizens to
get $200 a month if spent within a month ○ Mathematically crazy plan
New Visibility for Women
First Lady Eleanor Roosevelt most visible
Frances Perkins – Secretary of LaborFirst female cabinet
member
Helping Industry and Labor
National Recovery AdministrationHelp labor, industry, and
unemployment Later shut down my Supreme
Court
Public Works AdministrationIntended to extend industrial
recovery and unemployment relief
Headed by Harold L. Ickes – Secretary of the Interior
1933 - 21st Amendment
21st Amendment repealed Prohibition. Congress- Legalize light wine and beer with alcohol content of 3.2% or less and also levied a $5 tax on every barrel manufactured.
Paying Farmers Not to Farm Agricultural Adjustment Agency
Paid Farmers to reduce crop acreage and would eliminate price-depressing surpluses
Rocky start – increase unemployment Supreme Court killed it in 19362nd AAA of 1938 more comprehensive
Soil Conservation and Domestic Allotment Act of 1936Paid farmers to plant soil-conserving plants
(soybeans) or let land fallow
Dust Bowl and Black Blizzards
Drought of 1933 – winds whip dust into air. Parts of MO, TX, KS, AR, OK
1934 Frazier- Lemke Farm Bankruptcy Act- suspension of mortgage foreclosures for 5 years.
Supreme Court struck down 1935 but later changed to 3 years.
1935 FDR – Resettlement Administration
Dust Bowl
Indian Reorganization Act of 1934
Indian “New Deal” Encouraged tribes to
preserve their culture and traditions and set up their own local self-government
77 tribes refused to organize
200 tribes did.
Battling Bankers and Big Business
Federal Securities Act“Truth in Securities Act” Required promoters to transmit to
the investor sworn information regarding the soundness of their stocks & Bonds
Securities and Exchange Commission (SEC)Stock watchdog administrative
agency
Tennessee Valley Authority (TVA)
1933 sought to discover how much it took to produce electricity and keep rates reasonable.
Constructed dams on the Tennessee River
Helped 2.5 million citizens Hydroelectric power in TN
expanded west
Federal Reform and Social Security
1934 Federal Housing Administration (FHA)Small loans to householders
U.S. Housing Authority (USHA)Lend money to states or
communities for low-cost construction
Social Security Act of 1935Created pensions for old age,
blind, the physically handicapped, delinquent children, & other dependents.
New Deal for Labor
Wagner Act (National Labor Relations Act) of 1935Took place of NRA Guaranteed labor unions to organize
1935 Committee for Industrial Organization
1938 Fair Labor Standards Act
Election of 1936 Kansas Governor Alfred M.
Landon runs for Republicans FDR runs for reelection Roosevelt wins by landslide
FDR gets 523 electoral votes Landon gets 8 electoral votes
Democrats get over 2/3 majority in both Houses and Senate
Election of 1936 Results
Court Packing Scheme 20th Amendment – Lame Duck
President moves in January (instead of March.
FDR controlled both houses (Democrats)
Supreme Court was conservative
6 of 9 members were over 70. He tried to up the numbers of
justices up from 9 to 15. This backfired on him – “he’s a
dictator.”
Twilight of the New Deal FDR’s 1st term
Unemployment down 25% in 1932 to 15% in 1936.
1937 “Roosevelt Recession”Economy took a brief downturn cause by
government policies. 1937 Congress passes Reorganization
ActGave FDR limited power to administrative
reforms Hatch Act of 1939
Barred federal administrative officials from active political campaigning.