The First New Deal under FDR

2. The Hundred Days Begins
 Hundred Days
 The first period of Roosevelt’s presidency
 Roosevelt had vowed to “Above all, try something ” to fix the
economy
 First New Deal
 Name given to bills passed from 1933-1935 by Roosevelt
 Passed 15 major acts to combat the Depression
 Were a collection of many different ideas to help improve
the situation of the U.S.
 Took advice from a broad range of advisors to create his
policies

3. The First New Deal
 Tennessee Valley Authority
 Massive public works project to bring electricity to the rural
South and control flooding there
 Federal Emergency Relief Adminiration (FERA)
 Gave federal money to state & local govts to help the
unemployed
 Federal Deposit Insurance Corporation (FDIC)
 Guaranteed bank deposits up to $100,000
 Public Works Administration (PWA)
 Created jobs by building airports, parks, schools, and roads

4. Fixing the Banks
 Stock Market & Banks Under Roosevelt
 Had govt officials inspect the nation’s banks to give them a
seal of approval
 Created the Securities & Exchange Commission (SEC) to
regulate Stock Market activities
 Glass-Steagall Act separated commercial & investment
banking
 Fireside Chats
 Direct talks by radio by FDR to restore American confidence
in govt and the economy

5. Providing Debt Relief
 Debt Relief Under Roosevelt
 Roosevelt felt people needed to eliminate their debt to
invest in the economy
 Wanted to help people have a disposable income again
 Created the Home Owners Loan Corp (HOLC) , which
reworked the mortgages of people unable to pay them
 The Farm Credit Administration helped farmers refinance
their mortgages

6. Providing Relief
 Relief Programs Under Roosevelt
 Civilian Conservation Corps (CCC) provided jobs to young
single men for environmental projects
 Civil Works Administration (CWA) hired any other
unemployed people for public works projects