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FDR and the New Deal

FDR and the New Deal. The severity of the Great Depression turned government away from a policy of laissez faire (no government interference in the economy) to one of a regulated capitalism. . FDr and the new deal.

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FDR and the New Deal

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  1. FDR and the New Deal

  2. The severity of the Great Depression turned government away from a policy of laissez faire (no government interference in the economy) to one of a regulated capitalism.

  3. FDr and the new deal • • President Franklin Roosevelt won election in 1932 on a promise to help the national economy and the people in need. His New Deal legislation ushered in an unprecedented era of government “relief, recovery, and reform” programs

  4. Relief programs • New Deal measures - • • Provided some immediate relief for people through the creation of jobs in the Civilian Conservation Corporation (CCC), Works Progress Administration (WPA), Public Works Administration (PWA), and National Youth Administration (NYA).

  5. Recovery • • Restored trust in the banking system with the Federal Deposit Insurance Corporation (FDIC) and bank holiday. • • Established business codes of conduct and labor rights - National Relief Administration and National Labor Relations Board (NRA/NLRB). • • Established Tennessee Valley Authority (TVA), providing electricity to the Appalachian region as well as jobs for thousands

  6. Reform • The Securities and Exchange Commission regulates the buying and selling of stocks and bonds in an effort to protect the public from bogus stock and inside trading. • • Social Security programs still provide handicapped and survivors’ benefits and retirement funds.

  7. New Deal program still in existence today • Federal Deposit Insurance Corporation • • The Securities and Exchange Commission • • Social Security programs • Tennessee Valley Authority (TVA)

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