FDRs First Hundred Days

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FDRs First Hundred Days

• How Roosevelt Saved Capitalism
• From Itself

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(No Transcript)
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Keys to FDRs Success

• Brain Trust
• Emergency Legislation
• Restore Public Confidence
• Relief, Recovery, Reform

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Brain Trust

• Smart men (and women) that had helped FDR in New
  York
• Included
• Raymond Moley, soon to be biggest critic
• Frances Perkins, Secretary of Labor and first
  female cabinet member
• Rexford Tugwell, an agricultural economist

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Brain Trust

• Legacy of Progressivism
• Believed in government intervention
• Although not all in same way
• Believed Depression was mostly a domestic concern
• Believed in big business

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Emergency Legislation

• Emergency budget
• Did not have to be balanced as regular budget
• Banking holiday
• Emergency Banking Act
• Government oversight of banks
• Farm Bill

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Emergency Legislation

• Economy Act
• Balanced regular budget
• Slashed benefits to veterans
• Civilian Conservation Corps (CCC)
• Jobs for unemployed young adults
• Plant trees, flood control, parks
• Beer-wine revenue bill

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Restore Public Confidence

• Inaugural Speech
• Fireside Chats
• March 12
• Averted banking collapse
• May 7
• Reviewed progress of first 60 days

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Relief, Recovery, Reform

• Relief
• Immediate action
• Recovery
• Temporary programs to prime the pump
• Reform
• Permanent programs long-term security

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Alphabet Soup

• CCC
• WPA
• TVA
• AAA

• PWA
• FERA
• NIRA
• FDIC