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On the "bleakest days of the Great Depression", President Franklin D. Roosevelt promised he would take great and bold steps to solve the nation’s problems. He would introduce many programs during the first New Deal. The programs as a whole was a recovery and a relief program.
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FDR closed and reorganized all banks as soon as he was inaugurated to stop bank runs. The Depression hit the banks hard and made them unstable. His proposition was taken into a special session and was passed in seven-and-a-half hours. Within three days, along with his fireside talks asking people to return their savings to the banks, almost five thousand banks reopened.
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FDR stopped a run on the precious metal. He ordered everyone to exchange all gold for dollars.
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The legislation subsidized farmers to reduce crops, which would doubled crop prices by 1937. It would later be overturned by the Supreme Court in 1936 because it taxed processors but gave funds to farmers.
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Act put in place to help provide loans for farmers to save their farms.
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This program would establish a federal corporation that built power stations in the Tennessee Valley (a.k.a. the poorest area of the nation)
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This act made it a requirement for companies/corporations to provide information to investors before issuing stock.
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Prohibits the private ownership of gold and increased the price of gold to $35 per ounce. That doubled the value of the gold from $4.033 billion to $7.348 billion, making the United States the world's largest owner of gold.
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The program was designed to provide a decent standard of living to all Americans by spreading the nation's wealth among the people. One of the aspects was that it would levy enormous taxes on the rich so that every American family could earn at least $5,000 a year.
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Consolidated all federal regulation of telephone, telegraph, and radio communications under the Federal Communications Commission.
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The law created the Securities and Exchange Commission, which regulates stocks and the stock market.
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This law established the Federal Housing Administration, which provides federal insurance for mortgages
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The second Branch of New Deals was put in place by FDR after the Supreme Court struck down the National Industrial Recovery Act. These focused on providing more services for the poor, the unemployed, and farmers. FDR spoke about helping the "...millions who never had a chance -- men at starvation wages, women in sweatshops, children at looms."
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This act benefited the land and the farmers. The program paid farmers to plant soil-building crops, like beans and grasses, to counteract the Dust Bowl.
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The program replaced FERA and funded the new Works Progress Administration with $5 million. The program also; employed 8.5 million people to build bridges, roads, public buildings, public parks, and airports; and paid artists to create 2,566 murals and 17,744 pieces of sculpture to decorate the public works.
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Created the Resettlement Administration that trained farmers and administered farm debt. It resettled farmers onto better land and taught them modern conservation and farming techniques.
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The Works Progress Administration was an American New Deal agency, employing millions of people to carry out public works projects, including the construction of public buildings and roads.
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The act would provide loans for farming cooperatives to generate electricity in rural areas.
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This would protect the rights of employees to organize and address working conditions, with or without a union, and created the National Labor Relations Board.
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It created the Social Security Trust Fund and Administration to provide income to the elderly, the blind, the disabled, and children in low-income
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This created Farmers’ Home Corporation to provide loans for tenant farmers to buy their farms.
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FDR proposed that the President should be given the power to add a new Supreme Court justice for every member over the age of 70 ½ (up to a maximum of 6). The entire plan was very unpopular and was received negatively. The plan was never passed.
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This funded state-run public housing projects.
