Chapter 20 The New Deal and the 1930s.docx - Chapter 20 The New Deal and the 1930s I II III America Gets a New Deal A Hoover\u2019s Approach 1 Rugged

Chapter 20 The New Deal and the 1930s.docx - Chapter 20 The...

This preview shows page 1 - 2 out of 2 pages.

Chapter 20 The New Deal and the 1930s I. America Gets a New Deal A. Hoover’s Approach 1. Rugged Individualism- he believed that the economy would fix itself. Unfortunately these ideals were unpopular and didn’t work. B. Election of 1932 1. 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 depression 2. 3 Goals a. Relief b. Recovery c. Reform 3. The Hundred Days a. 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 chats a. 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 shady II.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture