The election of 1932 republicans nominated hoover

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The Election of 1932 Republicans nominated Hoover Stuck by his failed antidepression measures Democrats nominated Franklin D. Roosevelt Not clear on how he would fight the Depression The anti-Hoover sentiments of the people carried FDR and the Democrats to lopsided victories in the presidential and congressional elections History Channel speech--FDR inaugural address
The New Deal Takes Shape, 1933-1935 Roosevelt and His Circle The promise of govt. action and the mood of optimism in FDR’s inaugural address lifted peoples’ spirits New Deal Relief, recovery, and reform measures “brain trust” A circle of Roosevelt’s advisers Devised broad programs of “federal economic planning”
Roosevelt and His Circle (cont.) Eleanor Roosevelt Along with her social worker and women reformer friends Pushed for legislation to assist the economically disadvantage and minority groups
Roosevelt and His Circle (cont.) Old-time Progressives, university professors, and able young lawyers joined the Roosevelt administration to contribute ideas and administer new programs
The Hundred Days March 9 and June 16, 1933 The administration introduced and Congress passed an unprecedented volume of legislation These laws had the overall effect of greatly increasing federal involvement in the economy
The Hundred Days (cont.) Federal Deposit Insurance Corporation FDIC Insured bank accounts up to $5,000 Civilian Conservation Corps CCC Employed jobless young men on conservation projects Home Owners Loan Corporation and the Farm Credit Administration Refinanced mortgages Saved homes and farms of millions
The Hundred Days (cont.) Other important laws imposed regulation on the stock market Tennessee Valley Authority TVA Electricity to rural America Public Works Administration PWA Construction of public projects/improvements
The Hundred Days (cont.) Federal Emergency Relief Administration FERA Federal $$$$ for relief efforts Agricultural Adjustment Act AAA Aimed at reviving agriculture Guaranteed prices for agricultural produce Paid farmers for not growing crops that were in surplus
The Hundred Days (cont.) National Recovery Administration NRA Aimed at reviving businesses Helped business draft and enforce codes to eliminate cutthroat competition, price-cutting, and the use of child labor Management promised to bargain with the unions chosen by their employees
Problems and Controversies the Early New Deal Complaints concerning the NRA multiplied Management resented govt. regulation Small businesses claimed that the codes helped only the big farms The NRA was bogged down in supervising code making in every possible industry In 1935, the Supreme Court ruled that the NRA was unconstitutional
Problems and Controversies the Early New Deal (cont.) Overall farm income rose by 50% between 1933 and 1937 Drought

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