2. The Election of Franklin Roosevelt
“Nothing to fear but fear itself”
• Unemployment
at 25%
Inaugurated
March 4, 1933
Thousands of
state and
federal banks
had failed
7. Legislation Passed During First 100
Days in Office
0
2
4
6
8
10
12
14
16
Roosevelt
Kennedy
Reagan
Clinton
Obama
8. • March 5, 1933 - Announced
the immediate closure of all
banks (a ‘bank holiday’) and
began work to develop a plan
to address the banking crisis
• March 9, 1933 - called
Congress into EMERGENCY SESSION
Congress passed the Emergency Banking Act – which was designed
to instill confidence in consumers
11. Farm Credit Act of 1933
Federal Emergency Relief Act
(1933)
Agricultural Adjustment Act
(1933)
Tennessee Valley Authority
(1933)
12. National Industrial Recovery Act
(1933)
Home Owners’ Refinancing Act
(1933)
Home Owners’ Loan Corporation
The Civil Works Administration
(1933-1934)
18. The Social Security Administration
(1935)
"We can never insure one hundred percent of the population
against one hundred percent of the hazards and vicissitudes of
life, but we have tried to frame a law which will give some
measure of protection to the average citizen and to his family
against the loss of a job and against poverty-ridden old age."--
President Roosevelt upon signing Social Security Act
19. LABOR
The Triangle Shirtwaist Fire
March 25, 1911
National Labor Relations Act
1935
National Fair Labor Standards Act
(1938)
Hinweis der Redaktion
Come up with some background for this intro slide
Move some of this ?
Add more visuals to represent the three Rs (alka seltzer etc.)
Add visual
Divide the Agency pages into sections based on relief, recovery, reform; format each section of agency pages in similar visual fashion
Emergency Banking Act (date)
Closed all banks nationwide for 4 days;
Banned the hoarding of gold;
Examined all banks for solvency during closure;
Banks were to be reopened after examination and reorganization if solvent, banks that needed some assistance would reopen more slowly and finally the third group would not reopen at all.
CCC
Provided jobs in a rural setting for young men under direction of the US Army
Built public parks, cut fire trails, built small dams, drained swamps and helped with conservation efforts
Established the Farm Credit Administration (FCA)
Extended repayment schedules and provided emergency financing to farmers who were behind on their mortgage payments
FERA - Established the Federal Emergency Relief Association (FERA)
Worked with state governments to provide federal grants for emergency relief efforts
Goal was to get people back to work while providing for a minimum standard of living
AAA - Paid farmers to reduce the amount of land farmed in order to reduce the crop surplus
Goal is to stabilize crop prices
Agricultural Adjustment Agency (AAA)
TVA - Purpose: To provide navigation, flood control, electricity manufacturing and economic development in the Tennessee Valley
NRA - National Recovery Administration -Set ‘price floors’
Set minimum wage - Later declared unconstitutional (1935)
Glass Steagall Act - Established the Federal Deposit Insurance Corporation (FDIC)Increased confidence in US Banks
HOLC - Created the Homeowners’s Loan Corporation (HOLC)
Lent low-interest money to families in danger of losing their homes to foreclosure
CWA - Set up under FERA Provided temporary work for the winter of 1933 - 1934
Employed over 4 million Americans - Shoveled snow, cleaned up national parks, dredged rivers etc.
FSA - Requires companies to provide investors with information concerning securities (stocks/bonds) being offered for sale to the public;
Goal is to prohibit deceit, misrepresentations, and other fraud in the sale of securities; The 1934 Act established the SEC which regulates the stock markets and the sale of stock between persons not related to the issuer.
WPA - Designed to create general public jobs for the unemployed
NRA - National Recovery Administration -Set ‘price floors’
Set minimum wage - Later declared unconstitutional (1935)
Glass Steagall Act - Established the Federal Deposit Insurance Corporation (FDIC)Increased confidence in US Banks
HOLC - Created the Homeowners’s Loan Corporation (HOLC)
Lent low-interest money to families in danger of losing their homes to foreclosure
CWA - Set up under FERA Provided temporary work for the winter of 1933 - 1934
Employed over 4 million Americans - Shoveled snow, cleaned up national parks, dredged rivers etc.
FSA - Requires companies to provide investors with information concerning securities (stocks/bonds) being offered for sale to the public;
Goal is to prohibit deceit, misrepresentations, and other fraud in the sale of securities; The 1934 Act established the SEC which regulates the stock markets and the sale of stock between persons not related to the issuer.
Title I- Grants to States for Old-Age Assistance, which supported state welfare programs for the aged
Title II-Federal Old-Age Benefits. It was Title II that was the new social insurance program we now think of as Social Security.
In the original Act benefits were to be paid only to the primary worker when he/she retired at age 65. Benefits were to be based on payroll tax contributions that the worker made during his/her working life. Taxes would first be collected in 1937 and monthly benefits would begin in 1942. (Under amendments passed in 1939, payments were advanced to 1940.)
Frances Perkins was the Secretary of Labor under Franklin Roosevelt
Secretary Perkins was the FIRST female member of a presidential cabinet
The Triangle Shirtwaist Fire - March 25, 1911
146 women and girls perished; Fire ladders to short to reach the upper floors, few fire escapes, the ones that were there collapsed; Women and girls jumped to their deaths to escape the fire;
National Labor Relations Act (1935) - Formed to protect the rights of employees and employers, to encourage collective bargaining, and to curtail certain private sector labor and management practices, which can harm the general welfare of workers, businesses and the U.S. economy.Essentially, granted workers the ability to unionize without fear of reprisal from employers and to engage in collective bargaining for better pay and working conditions
National Fair Labor Standards Act (1938) - Prohibited child labor; Established a minimum wage; Established the 40 hour work week.