15.1 Notes: A
New Deal Fights the Depression
1. Why did voters turn to Franklin Delano Roosevelt in 1932 to deal
with the Depression?
- Too many blamed
Hoover for the depression
- Too many saw the
increased suffering of the past 3 years as a result of Hoover's program
- FDR promised
action (however vague)
- FDR was a reform
governor of NY
- FDR was a distant
cousin of TR
2. Why was the winter following the election the worst of the
Depression?
- Hoover is a lame
duck
- Refused to work
with FDR on programs he didn't believe in
3. Why were the first 100 days of FDR's term so important?
- Honeymoon period
of presidency
-
15+ new laws
- Stopped bank runs
w/ bank holiday (emerg. bank relief act)
- Told people to
remain calm w/ Fireside Chats
- Protected
deposits w/Glass Steagall Act
-
FDIC
- Protected stock
market from bubbles w/ Fed Securities Act
-
Truth about stocks required
-
Securities & Exhcange commission to regulate
market
-
Brought jobs w/ Beer & Wine Act
-
Ended prohibition
4. How did the first New Deal help farmers?
- Agricultural
Adjustment Act (AAA) ltd production
-
prices rose
-
farmers were paid not to grow
crops
- TN Valley
Authority (TVA)
-
fixed, built dams
-
created thousands of jobs
-
supplied cheap electricity to 5
states
5. How were young men put back to work?
- Civilian
Conservation Corps (CCC)
- 18-25 yr olds in
camps
- drained swamps,
built parks, trails
- lived in tents,
fed, paid
6. What jobs were provided short term to help the jobless at home?
-
Public Works Admin (PWA)
-
$$$to states for construction work
-
Civil Works Admin (CWA)
-
4 mil jobs, wide variety
-
make work program or boondoggle
7. How did the New Deal try to prevent strikes and wage cuts?
- National
Industrial Recovery Act (NIRA)
-
Rebulated production, prices,
wages
-
books of codes created for each
industry
8. How did the New Deal strive to meet peoples bsic needs for food,
shelter and clothing?
- Home Owners Loan
Corp (HOLC) to refinance
Federal Housing Admin
(FHA) cheap loans for repairs
- Federal
Emerigency Relief Admin (FERA)
-
$$ to states for direct relief, jobs, clothes, food
9. What kinds of criticism did the New Deal face?
- Conservatives said it cost too much
- didn't want to give $$ to famres
- Didn't want business regulations (NRA)
- Liberals said it didn't help the poor enough
- Huey Long, socialists: Share the Wealth program
10. How did the conservative Supreme Court challenge
the New Deal?
- Found NRA codes exceeded executive
power
- Congress can regulate interstate commerce
- Struck down NIRA
- found processing fee on agriculture = tax
- struck down AAA on grounds that states, not fed
gov, should regulate agriculture
11. How did FDR respond to the Court's challenges?
- 6 new justices; one for each over age 70
- to help w/ work load
12. What was public opinion on this reform bill?
- Seen as Court Packing
- Cost FDR public support
- Some old Justices retired
- FDR appointees favored New Deal more
13. What 2 other famouse critics were actively against
the New Deal?
- Conservative Father Coughlin
- Radio Priest
- Called it the Jew Deal; supported Hitler in Germany
- Dr. Charles Townsend suggested poor and elderly get
pensions of $200 month
- provided they spend it all each month
- would stimulate economy
- idea led to establishing Social Security program