HISB31H3 Lecture Notes - Tennessee Valley Authority, Public Works Administration, Federal Emergency Relief Administration

6 views4 pages
Published on 13 Apr 2013
School
UTSC
Department
History
Course
HISB31H3
FDR and the New Deal
Wednesday, March 06, 2013
11:59 AM
Key terms; Schecter vs United States, Francis Townsend, Father Charles Coughlin, Huey Long, Share the
Wealth Plan, CIO, Communism and the Flint Sitdown Strike, Scottsboro Boys
First New Deal
During Hoover, there was the belief that there wasn't enough done
Roosevelt, Democract, was president from 1933 - 1945
Came into power on the platform of relief, recovery, and reform
Was a nice connection between the northern democrats and the southern
Suffered from Polio
o Tried to hide it
Activist kind of politician
o As governor of NY, opened up $21mil to provide direct relief to NY
o First ever moment of actually providing social assitance kind of relief
Pledged his alliegance to the forgotten man at the bottom of the pyramid
Offered few detail of his plan, but it was dubbed the 'New Deal'
Guiding Ideas in the New Deal Experimentation
o Seek capitalist solutions - no desire to impose socialism
o Under-consumption and overproduction - must strike balance
o Power of corporations counterbalanced by gov't and by organisation among workers and
small producers
o Gov't should moderate imbalance of wealth
o Growing belief in Keynesian economics - deficit spending. If gov't spends money, the people
can spend it in turn, thus generating economic growth
'The First Hundred Days'
o 'Honeymoon' period of the presidency when the president gats the most done
For Roosevelt, this meant;
o Emergency Bankling Act
Closed all banks for 4 days and only allowed stable banks to open
Goal was to restore confidence in the banks
o Federal Deposit Insurance Company (FDIC)
If you deposit your money, they're insured up to a certain amount
o Federal Securities Act - Securities and Exchange commission
o Federal Emergency Relief Act (FERA)
$500mil given to the states to put into relief funds
o Tennessee Valley Authority (TVA)
o Agricultural Adjustment ACT (AAA)
Raising the crop prices by eliminating excess surplus
Helping to eliminate surplus from the market and keep prices stable
o National Industrial Recovery Act (NIRA)
o National Recovery Administration (NRA)
Designed to stimulate production
Similar to the War industry board
Gov't getting involved in the stimulation of production
Allowing productors to get together to discuss wages and price levels
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Document Summary

Key terms; schecter vs united states, francis townsend, father charles coughlin, huey long, share the. Wealth plan, cio, communism and the flint sitdown strike, scottsboro boys. During hoover, there was the belief that there wasn"t enough done. Roosevelt, democract, was president from 1933 - 1945. Came into power on the platform of relief, recovery, and reform. Was a nice connection between the northern democrats and the southern. Suffered from polio: tried to hide it. Activist kind of politician: as governor of ny, opened up mil to provide direct relief to ny, first ever moment of actually providing social assitance kind of relief. Pledged his alliegance to the forgotten man at the bottom of the pyramid. Offered few detail of his plan, but it was dubbed the "new deal" If gov"t spends money, the people can spend it in turn, thus generating economic growth. "honeymoon" period of the presidency when the president gats the most done.

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