Ch 15 Notes.pdf - Chapter 15 The New Deal Section 1 A New...

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Chapter 15: The New Deal Section 1: A New Deal Fights the Depression 1932 Election Presidency: Won by Franklin D Roosevelt 23 to 16 million votes House of Representatives: Won by Democrats They win almost 3/4s of the seats in the House Senate: Won by Democrats They win NEARLY 2/3rds majority (Super majority) Franklin Delano Roosevelt Former governor of NY and distant cousin of Theodore Roosevelt Reform-minded- wanted to use government to combat unemployment and poverty In the months between election and inauguration- began formulating policies with his “Brain Trust” (expert advisors) Inauguration in March 1933 March because it helped with travel (horse and buggies in Jan would be cold and unsafe), and it gave time for previous government to pack up and leave. FDR Speech: “The only thing we have to fear is fear itself.” March 9-June 16 1933: First Hundred Days First 100 days is proving time, to prove what the president can do, and also a honeymoon period where everyone believes in the president FDR faced going into his presidency with 15 million unemployed (33% possibly unemployed) Roosevelt’s First 100 Days: The New Deal Closed banks for first week of presidency- wanted to prevent any further withdrawals and bank failures Emergency Banking Relief Act: Treasury Department can inspect banks to see if they are able to reopen. Public confidence in banks and government rose March 12th, day before reopening banks, he has his first “Fireside Chat” and begins his “New Deal” (Program for recovery) Many people return their savings to banks after this address The New Deal New Deal focused on 3 main goals: Immediate relief for the needy- address immediate issues Overall economic recovery- bring economy back to normal Financial Reform- prevent another Depression from happening again Within the first 100 days, 15 major pieces of New Deal legislation were passed There laws created jobs, reformed banks, gave assistance to those in rural areas, gve people housing assistance, provided emergency food and clothes, etc.
Hoover didn’t do much thought it would fix itself, FDR decided to go head first

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