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New DealRoosevelt’s plan for getting out of the
Depression.
The Three R’s
• Relief-implies short term attention
• Recovery-implies longer term “healing”
• Reform-implies reconstruction
Major Goal and Issues
• Recirculation of money in the economy
• Pump Priming
• Banks
• Farms
• Employment
• Stock Market
Cartoons
Banks
• Declared a Bank Holiday
• Emergency Banking Relief Act 1933
• Glass-Stegall Banking Act
Cartoons
Farms
• Agricultural Adjustment Administration (AAA)
• Farm Credit Administration (FCA)
Employment
• Civilian Conservation Corps (CCC)
• Federal Emergency Relief Administration (FERA)
• Home Owner’s Loan Corporation (HOLC)
Employment Continued…
• Civil Works Administration (CWA)
• Public Works Administration (PWA)
• Tennessee Valley Authority (TVA)
• Works Progress Administration (WPA)
Employment Continued…
• Social Security Act 1935
• National Industry Recovery Act 1933 (NIRA)
• National Recovery Administration (NRA)
• Wagner Act
Cartoons
Stock Market
• Federal Securities Act 1933
• Securities and Exchange Commission
Other
• Reciprocal Trade Agreement
• Court Packing
Criticism
• Pampered Labor
• Stifled private enterprise
• Creeping socialism
• FDR was a one man “super-government”
• Bullied Congress and Courts
• Did NOT cure the Depression
• Add bureaucratic paperwork
Women
• Lower pay
• Males received preferences for jobs
• Long Hours
African Americans
• Not offered professional jobs or skilled jobs
• Lower pay
• Job Discrimination
New Deal Does TOO Much?
• TVA considered socialist
• Revenue Act
• Social Securty Act
New Deal Does NOT Do Enough?
• Believed entire economic system needed to be reformed
• Believed in Nationalization