FDR New Deal

FDR's New deal

Main Objective of the New Deal

• From 1933-1939 - FDR looked to provide economic relief and aid in an effort to stabilize the economy
• Focused on reforms of industry, agriculture, finance, waterpower, labor, housing and government activities
• Opposite of traditional laissez-faire "hands off" approach by government

First 100 Days

POST-100 Days

• 1st 3 months in office - focused on alleviating suffering of the unemployed
• Works Progress Administration (WPA) and Civilian Conservation Corps (CCC)
• Aimed to dispense emergency and short-term aid
• Temporary jobs, construction projects, youth work in national forests

• Post-1935, New Deal looked to revive industrial activity
• National Recovery Administration (NRA) - focused on trade practices, wages, hours, child labor, collective bargaining
• Federal Deposit Insurance Corporation (FDIC) & Securities & Exchange Commission (SEC) - establish financial stability & avoid insecurity

"Fireside Chats" & Eleanor Roosevelt

2nd New Deal & Legacy

• Focused on relief, recovery & reform
• Looked to increase agricultural prices, remain in homes, create long-term employment
• Legacy - Real GDP recovered within 10% by 1941 before WW2 spending
• Believed to be part of Socialism
• President Truman reassured many of the New Deal Programs with his Fair Deal programs

• "Fireside Chats" - 1933-1944 a series of radio broadcasts meant to gain support for the "New Deal" and establish reassurance
• Eleanor Roosevelt - Went on tours to provide intel on conditions, programs and public opinions