Ch 14.1: FDR and the First New Deal

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pre-president FDR

-assistant secretary of the navy under Wilson 1913
-nominated as Democratic VP 1920
-polio
-NY gov 1929-1932

The Hundred Days

-flurry of activity in first 3 mos of presidency

moratorium

-bank funds depleted severely
-Roosevelt immediately signed legislation to stem bank crisis

First New Deal

-FDR's 15 bills proposed in the 100 days

Federal Emergency Relief Administration (FERA)

-New Deal organization that distributed $500 million to states for direct aid to families

Harry Hopkins

-head of FERA

dole

-gov charity

Civilian Conservation Corps (CCC)

-employed environ projects, built camps, national parks, planted trees, conservation efforts
-excluded minorities
-many men from the bonus army

Public Works Administration (PWA)

-1933; set aside $3 billion to create jobs building roads, sewers, public housing units, and other civic necessities.
-modernizing

National Industrial Recovery Act (NIRA)

-bill sponsoring the recovery of industry
-relaxed antitrust laws, called CEOs to set codes, standards, wages, hours, labor unions

National Recovery Administration (NRA)

-set standard for big business
-made people buy blue eagle products

Agricultural Adjustment Administration (AAA)

-subsidized farmers to reduce their crops to raise prices
-FERA bought crops and redistributed to needy

Tennessee Valley Authority (TVA)

-dams in Tennessee River to power generators
-create lakes to increase tourism
-controversial

Truth-in-Securities Act

-eliminate fraud in stock market by legalizing suits against companies who deceived investors

Glass-Steagall Banking Act

-prohibited investment of personal savings into stock
-established the FDIC

Federal Deposit Insurance Corporation

-insured bank deposits

Fireside Chats

-informal radio conversations Roosevelt had with the people to keep spirits up.
-means of communicating with the people on how he would take on the depression.

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