Americans should not turn to the government for help

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Americans should not turn to the government for help b/c they can fend for themselves 2. He thought that Americans were just flipping out Things were not improving: o By 1932, Hoover’s administration was lending money to banks to keep even more banks from failing o Middle class people start to not blame the depression on themselves but rather on the government and on Hoover o Farmers go on strike; WW1 veterans go to the national capital asking for the bonus money they were promised to get in 1945 now. o Congress gives them half of the bonus but some are not satisfied and camp out at the capital People decide that Hoover just doesn’t give a crap b/c he gets blamed for all this; he was blamed for the entire depression Election 1932 o FDR was nominated by the Dem o He was very different than Hoover; he was rich, a great speaker and he used the radio to communicate his views and delivered his speeches to the American people o He sympathized with Americans although he didn’t understand what they were going through considering his background but to Americans it seemed that he cared and wanted to make changes o People liked him simply b/c he was not Hoover and he looked like he was going to do s/t III. Roosevelt responds A. First administration 1. New Deal (1 st 100 days of Roosevelt’s administration) The very 1 st thing he does is declare a bank holiday It was the government forcing all of the banks to close; inspectors were used to look into each bank and evaluate their stability and those who were stable would go back into office The point of this was to stabilize the banking industry b/c w/out that they were going to have a hard time getting out of the depression Roosevelt goes on the radio to communicate to Americans and he announces to them that the banks are safe and that you can go and put your money into them b/c they were not going to fail He creates the FDIC which insures bank deposits and the SEC (securities and exchange commission) which regulates publicly traded stock He created the NRA (National Recovery Association) that was designed to be a evaluation of government, business, labor and work together to end the depression He created the AAA (Agricultural Adjustment Association) which worked really well; it was about trying to stabilize the farming economy The big problem with the farming economy was b/c of over production and the solution was to reduce production and then the farm commodity prices would eventually rise There was a problem; Roosevelt entered office when the crops for that year had already been harvested and the AAA paid farmers to take land out of production 2. Second New Deal (1935) – leads more toward relief
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WPA (Workers Progress Administration)- gave people jobs to “piddle” around; paid these people (actors, historians, artists, photographers..) to do whatever they do The CCC (Civilian Conservation Corp) paid young men to go out and do
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