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Chapter 20The New Deal and the 1930sI.America Gets a New DealA.Hoover’s Approach1.Rugged Individualism- he believed that the economy would fix itself. Unfortunately these ideals were unpopular and didn’t work. B.Election of 19321.Herbert Hoover vs Franklin D Roosevelt (FDR)2.Roosevelt wins!!!! He has a very different plan which is the New Deal. C.The New Deal 1.FDR’s plan to alleviate problems of the great depression2.3 Goalsa.Relief b.Recovery c.Reform3.The Hundred Daysa.Time period of intense activity b.Congress passes more than 15 major pieces of legislation c.Bank holiday: close banks that are still open in order to give everyone a break from the panic. 4.Fireside chatsa.Radio talks to public about New Deal efforts.5.Regulating Banking and Finance a.Federal deposit insurance corporation (FDIC) b.If banks begin to fail, the government ensures your money up to 250,000$. c.Securities and exchange commission (SEC) a.Watches the stock market and makes sure that no one is shadyII.