The New Deal: Forging a Path Out of the Great Depression
Chapter 23
The New Deal
Section 1
Forging a New Deal
Lame Duck Presidency
•
United States was waiting for the
“New Deal”. Why?
–
To get the United States out of the
Great Depression
•
Election of 1932 took place in
November while the Inauguration of
FDR took place on March 4
th
, 1933
–
Leaves a long period of time where the
current president is leaving office
•
Hoover becomes a “Lame Duck”
President
–
Leader whose authority is weakened
because he or she is about to leave
office
•
At the same time, the depression
worsened
•
Congress prompted to pass the 20
th
Amendment- Ratified in 1933
–
Nicknamed “Lame Duck” amendment – changed
the date of the inaugural to January 20
th
.
–
Shortened the length of a “Lame Duck” presidency
Restoring the Nation’s Hope
•
Second Bonus March in May 1933
–
Public relations plus for FDR because he provided campsite and offered veterans
jobs with CCC
–
Sent Eleanor Roosevelt to campsite- “Hoover sent the army, Roosevelt sent his
wife”
•
Makes multiple statements to renew public confidence and faith
–
First Inaugural Address, March 4, 1933 – “The only thing we have to fear is fear
itself”.
–
Following Sunday – FDR delivered his first “Fireside chat” over the radio.
“New Deal”
•
Definition:
vast collection of
government run programs
to combat problems caused
by the Great Depression.
•
A bold radical experiment
filled with optimism and
uncertainty.
•
Process for New Deal
–
Create a program…..try it
out…..if it fails……admit
it…..then try another
program.
3 R’s of the New Deal
•
Relief –
(immediate goal)
–
programs for those who were suffering right now.
•
Recovery –
(short term goals)
–
programs to create jobs…. help stimulate the
economy.
•
Reform –
(long term goals)
–
programs/measures to insure against future
depressions.
The First Hundred Days
•
March thru early June –
FDR pushed program after
program through Congress
to (1) provide relief, (2)
create jobs, and (3)
stimulate economic
recovery.
Stabilizing Financial Institutions
•
FDR’s first step as
President was to
restore the public’s
confidence in the
nation’s banking
system.
–
March 5
th
– he ordered
all banks to close for
the next four days
–
He then pushed
congress to pass the
Emergency Banking
Act which authorized
government to inspect
the financial health of
all banks.
•
Inspectors found that most banks were
healthy and two-thirds re-opened by March
15
th
.
•
After the brief “Bank Holiday” American
regained confidence in the banking system
•
Federal Deposit Insurance Corporation
(FDIC) was established – that insured bank
deposits up to $5,000 dollars.
–
In present, up to $250,000
The New Deal, implemented during the Great Depression in the 1930s by President Roosevelt, aimed to provide relief, create jobs, and stimulate economic recovery through a series of government-run programs. The era also saw changes in the inauguration date to reduce the time a lame-duck president remained in office, renewing public confidence and hope in the nation's future.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
Chapter 23 The New Deal Section 1 Forging a New Deal
Lame Duck Presidency United States was waiting for the New Deal . Why? To get the United States out of the Great Depression Election of 1932 took place in November while the Inauguration of FDR took place on March 4th, 1933 Leaves a long period of time where the current president is leaving office Hoover becomes a Lame Duck President Leader whose authority is weakened because he or she is about to leave office At the same time, the depression worsened
Congress prompted to pass the 20th Amendment- Ratified in 1933 Nicknamed Lame Duck amendment changed the date of the inaugural to January 20th. Shortened the length of a Lame Duck presidency
Restoring the Nations Hope Second Bonus March in May 1933 Public relations plus for FDR because he provided campsite and offered veterans jobs with CCC Sent Eleanor Roosevelt to campsite- Hoover sent the army, Roosevelt sent his wife Makes multiple statements to renew public confidence and faith First Inaugural Address, March 4, 1933 The only thing we have to fear is fear itself . Following Sunday FDR delivered his first Fireside chat over the radio.
New Deal Definition: vast collection of government run programs to combat problems caused by the Great Depression. A bold radical experiment filled with optimism and uncertainty. Process for New Deal Create a program ..try it out ..if it fails admit it ..then try another program.
3 Rs of the New Deal Relief (immediate goal) programs for those who were suffering right now. Recovery (short term goals) programs to create jobs . help stimulate the economy. Reform (long term goals) programs/measures to insure against future depressions.
The First Hundred Days March thru early June FDR pushed program after program through Congress to (1) provide relief, (2) create jobs, and (3) stimulate economic recovery.
Stabilizing Financial Institutions FDR s first step as President was to restore the public s confidence in the nation s banking system. March 5th he ordered all banks to close for the next four days He then pushed congress to pass the Emergency Banking Act which authorized government to inspect the financial health of all banks.
Inspectors found that most banks were healthy and two-thirds re-opened by March 15th. After the brief Bank Holiday American regained confidence in the banking system Federal Deposit Insurance Corporation (FDIC) was established that insured bank deposits up to $5,000 dollars. In present, up to $250,000
