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15.1 FDR Tries his “New Deal”. The Hundred Days. FDR won the 1932 election against Hoover FDR promised to help people more & try new ideas, he was a big-govt. liberal FDR relied on his “Brain Trust” to come up with plans for combatting the Depression. The Hundred Days. - PowerPoint PPT Presentation
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15.1 FDR Tries his “New Deal”
The Hundred Days• FDR won the 1932 election against Hoover– FDR promised to help people more & try new
ideas, he was a big-govt. liberal– FDR relied on his “Brain Trust” to come up with
plans for combatting the Depression
The Hundred Days• March 1933: FDR shuts down banks– Banks could only reopen if they weren’t too in debt– Shaky banks would get loans from the govt.– FDR went on the radio in his “fireside chat” to ease
people’s fears about banks going bust
The Hundred Days• Glass-Steagall Act said banks cannot use the
money you deposit for their stock market investments– Your money is now guaranteed by the govt.
(even if the bank fails)
The Hundred Days• Federal Securities Act said businesses have
to be honest about their stocks– And the Security & Exchange Commission now
tracks companies and the stocks they offer
The Hundred Days• Agricultural
Adjustment Act (AAA) helped raise farm prices, helped farmers make more money…– By paying them to
produce less
The Hundred Days• Civilian Conservation Corps (CCC) and the
Public Works Administration (PWA) put people to work– They built bridges, schools, roads, etc.