A New Deal for America I II Franklin Delano Roosevelt American Savior Hoover and the Depression the laissez faire approach 1 voluntary cooperation a hands off approach 2 Reconstruction Finance Corporation RFC 1930 a A federal agency empowered to lend gov t funds to endangered banks and corporations 3 Good ideas but too little too late FDR wins in 32 4 Didn t want to go too far and have people dependent on the government 5 The bonus army of 1932 WWI veterans wanted the money they were promised early Picketed outside the white house Army sent in to get rid of them The First New Deal progressivism on a larger scale 1 Four agendas III a save banks increase money supply i The Emergency Banking Act of 1933 1 Gave the gov t power to shut down a bank inspect it and reorganize it 2 FDR orders all banks to shut down and 3 Temporarily takes US off the gold most reopen standard ii FDIC 1 Gives security of money b jumpstart industry i National Recovery Administration NRA 1 Fair competition set prices got people working together to make everyone happy 2 Wage agreements favored whites 3 Later ruled unconstitutional c address the agricultural crisis i Agricultural Adjustment Act AAA 1 Pays farmers not to farm 2 Lower supply of crops higher cost more money for farmers 3 Later ruled unconstitutional d make work programs to restore morale i Civilian Conservation Corp CCC 1 Employed men to put trails in forests and to plant trees ii Public Works Administrations PWA 1 Paid people to build monuments and statues iii Works Progress Administration WPA 1 Painting murals making sidewalks putting on plays digging ditches iv Tennessee Valley Authority TVA 1 Building dams for flood control and to provide electricity FDR turns federal government from a small business friendly organization to a large reform motivated government IV The Second New Deal wanted to improve life in general 1 Securities Exchange Commission SEC a Monitors stock trade 2 Social Security Act 3 Wagner Act of 1935 a Gave workers the right to unionize V Backlash against FDR and the New Deal 1 Conservative businessmen New Deal too radical 2 Radicals New Deal too conservative e g communists 3 Others a mix of criticisms a Charles Townsend and Townsend Clubs i Wanted to give money to old people b Huey Long and Father Charles Coughlin i Why were they popular What was the appeal
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