Test 2 - FDR AND THE NEW DEAL I 1932 ELECTION a Hoover vs...

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FDR AND THE NEW DEAL I. 1932 ELECTION a. Hoover vs. FDR b. The depression changes American’s view of Hoover. He took steps to  help big business and not families.  c. FDR was very popular, governor of NY, democrat  d. FDR wins by a landslide  II. THE FIRST NEW DEAL a. FDR i. Loved politics and was good at it  ii. Born into a wealthy family in NY, distant cousin of Teddy Roosevelt.  iii. At 39 he was stricken with polio which confined him to a wheel  chair. Many people thought this was the end of his career but his  bounced back with the help of his wife, Eleanor Roosevelt.  iv. Eleanor focuses her attention on the suffering and less fortunate,  she pushes FDR to use the power of the government to help the  lesser people.  v. FDR didn’t had a plan at first, willing to try anything. He was alert to  the transformations that had taken place and recognized that a lot  of people were suffering. He was optimistic and willing the try  anything to solve the problem. b. FIRST HUNDRED DAYS i. EMERGENCY BANKING ACT 1. Over 9 million people lost all savings in banks 
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2. The act called for a National Banking holiday. Government  forced every bank in country to close for 4 days, meaning  you can’t take all of your money out of the bank. Congress is  called to session to deal with the problem. 3. Banks that were sound were allowed to reopen and sent  federal managers to banks that weren’t stable and let them  reopen with federal control.  ii. REVENUE ACT 1. Increase government revenue by legalizing and taxing sale  of beer and liquor 2. Repeal of 18
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Test 2 - FDR AND THE NEW DEAL I 1932 ELECTION a Hoover vs...

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