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Roosevelt was elected president on Tuesday, November 8, 1932.
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This was a relief effort. Administration focused on immediate relief for unemployment, low agricultural prices, and confidence in banks.
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FDR issues a proclamation declaring a four day "bank-holiday" throughout the nation.
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Banking transactions stop and embargo on exportation of gold, silver, and currency.
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Established the Civilian Conservation Corps (CCC). This provided work for 250,000 young men aged 18-25 in reforestation, road road construction and in national parks.
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Established the Civilian Conservation Corps (CCC). This provided work for 250,000 young men aged 18-25 in reforestation, road road construction and in national parks.
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This brought relief to farmers by setting prices to farmers for curtailing production of certain crops in surplus
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This prohibited commercial banks from engaging in the investment business. Also, this was the final day of "Hundred Days"
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FDR presented his annual message to congress. He asked for ten and a half billion to advance recovery programs over the next 18 months
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This act gave the government the power and control the value of the dollar to gold and adjust it as it pleased
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This continued the Farm Credit Administration, providing loans to farmers based on crop production and harvesting
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This established the Federal Housing Administration (FHA) to ensure loans for construction, renovation, or repairs of homes
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FDR proposed long term goals of providing social security for aged, ill and unplowed, better housing and tax reforms.
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Roosevelt asked Congress to pass additional New Deal legislation—the “Second New Deal” in 1935. The key measures of the Second New Deal were the Social Security Act, the Works Progress Administration (WPA), and the Wagner Act.
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5 billion dollars for the creation of government assistance programs, including Works Progress Administration (WPA) which employed millions of unemployed people (mostly unskilled men) to carry out public works projects, including the construction of public buildings and roads.
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Thousands of roads, public buildings, parks and bridges were worked on
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Revised the operation of the Federal Reserve System, making banks more responsible and responsive to the public.
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The Supreme Court ruled 6-3 that Agricultural Adjustment Act is constitutional because it didn't levy a tax but tried to control production, exceeding government responsibilities.
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Roosevelt defeats Alfred M. Landon in a presidential landslide victory. Democrats hold onto House and Senate.
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FDR inaugurated to second term
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Permitted Supreme Court justices to retire at 70 with a full pay
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An extension of his previous efforts to deal with recession
