Bust: New Deal

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Bust: New Deal

BUST: New Deal

In the summer of 1932, Franklin Delano Roosevelt gave an acceptance speech for being nominated presidential candidate of the Democrats. In his speech, Roosevelt talked about the issues of the Great Depression. He pledged a new deal. Roosevelt believed that it was the federal government's job to help Americans through hard times and that the federal government was needed to get the U.S. out of depression. The New Deal he proposed was to rebuild American excellence and success. Franklin D. Roosevelt easily won the election and the New Deal began after his inauguration in March 1933.

President Roosevelt

In the first 100 days of Roosevelt's presidency, many bills were passed to help poverty, lower unemployment, and advance economic recovery. Bank reform laws, emergency and work relief programs, and agricultural programs were passed. Later, another New Deal was made. It created union protection programs, the Social Security Act, and programs to help tenant farmers and migrant workers. Although the New Deal did not end the Great Depression, by 1939, it did what it was supposed to do. The New Deal immensely helped people grieving in the depression by caring for them and giving them work and hope. It also changed the relationship between the federal government and U.S. citizens by making the federal government help during economic and social problems in the country.

The New Deal

Franklin D. Roosevelt: New Deal

'For A New Deal' Pin

The first act Roosevelt signed made a four-day bank holiday. During the four days, Congress created the Emergency Banking Bill of 1933, which steadied the banking system. After this initial act, many more followed. Works Progress Administration (WPA) was a major relief program that hired 8.5 million people to build bridges, roads, public buildings, parks, and airports. Civilian Conservation Corps (CCC) was a very successful program that sent 3 million single men, ages 17-23, to work in forests digging ditches, building reservoirs, and planting trees. The men were paid $30 a month. The National Industrial Recovery Act (NIRA) and National Recovery Administration (NRA) approached unemployment by regulating the number of work hours a week and banning child labor. The Federal Emergency Relief Administration (FERA), made in 1933, gave $3 billion to states for work relief programs. The Agricultural Adjustment Act financed farmers for reducing crops and gave bankrupt farmers loans. The Home Owners' Loan Corporation (HOLC) saved citizens from foreclosure.

Acts and Laws

NRA Poster

Golden Gate Bridge Construction

Unemployment Rate


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