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    Franklin D. Roosevelt implemented the New Deal in response to the Great Depression to redefine democracy through political, economic, and social reforms. His predecessor, Herbert Hoover, had relied on voluntary organizations and limited government intervention, which proved insufficient. FDR appealed to Americans as a man of action willing to use the government to provide relief, recovery, and reform through programs that regulated banks and industry and created jobs. He restored confidence with his inaugural address promising bold and vigorous leadership to save capitalism.

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    Franklin D. Roosevelt implemented the New Deal in response to the Great Depression to redefine democracy through political, economic, and social reforms. His predecessor, Herbert Hoover, had relied on voluntary organizations and limited government intervention, which proved insufficient. FDR appealed to Americans as a man of action willing to use the government to provide relief, recovery, and reform through programs that regulated banks and industry and created jobs. He restored confidence with his inaugural address promising bold and vigorous leadership to save capitalism.

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    © All Rights Reserved
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    10 views2 pages

    Franklind Rooseveltandthenewdealnotes

    Uploaded by

    api-319152911
    Franklin D. Roosevelt implemented the New Deal in response to the Great Depression to redefine democracy through political, economic, and social reforms. His predecessor, Herbert Hoover, had relied on voluntary organizations and limited government intervention, which proved insufficient. FDR appealed to Americans as a man of action willing to use the government to provide relief, recovery, and reform through programs that regulated banks and industry and created jobs. He restored confidence with his inaugural address promising bold and vigorous leadership to save capitalism.

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    of 2

    FranklinD.

    RooseveltandtheNewDeal

    RedefinedDemocracy:
    PoliticalRights
    EconomicSecurity
    SocialJustice
    HowHerbertHooverDealtwiththeCrisis:
    Heplayedthegameofconfidenceeconomicsandjustkeptsaying:Prosperityisright
    aroundthecorner.
    VoluntaryMeasure:
    Hoovereventuallyestablishedtwoprivatelyfundedorganizations
    TheNationalCreditAssociationprovided1/2billiontobusinessforemergencyloans,but
    itwastounderfundedtodomuchgood.
    Theorganizationwasaclearinghouseforreliefagencies.However,stateandlocal
    governmentswerealreadyintoomuchdebttobenefitfromit
    LimitedGovernmentIntervention:
    Intheend,Hooverresortedyogovernmentinterventions
    TheReconstructionFinanceCorpgave1/2billioninfederalloanstobanks,insurance
    companies,andindustrytopreventbankruptciesbutwastoolittletoolate
    TheHome
    FranklinDRoosevelt'sAppea
    l:
    In1932presidentialelection,FDRwasperceivedasamanofaction
    Hooverwasviewedasadonothingpresident.
    NormanThomas,theSocialistcandidate,wasviewasradical
    Result:alandslideforDemocratandmandatetousegovernmentsanagencyfor
    humanwelfare
    SituationWhenFDRenteredOffice:
    InMarch1933,thesituationwasvirtuallyleaderless,andthebankingsystemhad
    collapsed
    FDRRestoredConfidence:
    Inhisinauguraladdress,hesaidtheonlythingwehavetofearisfearitself.
    Hepromisedvigorousleadershipandtheboldaction,calledfordisciplineand
    cooperation,expressedhisfaithindemocracy,andasksfordivineprotectionand
    guidance
    FDRsPersonalQualities:
    Hewasapracticalpoliticianwhopracticedtheartofthepossible
    Hewasacharismaticpersonwhoexhibitedawarmthandunderstandingofpeople
    HeknewhowtohandlepressbyfocusingattentiononWashington
    Heprovideddynamicleadershipinatimeofcrisis
    Hewaswillingtoexperiment
    PurposeoftheNewDeal:
    Relief:toprovidejobsfortheunemployedandtoprotectfarmedfromforeclosure
    Recovery:togettheeconomybackintohighgearprimingthepump.
    Reform:toregulatebankstoabolishchildandtoconservefarmlands

    OverallObjective:tosavecapitalism
    SourcesofnewDealIdeas:
    Braintrustspecialistsandexperts,mostlycollegeprofessors,ideamean
    NewEconomists:governmentspending,deficitspendingandpublicworks,government
    shouldprimeeconomicpump
    RooseveltCabinet:includedconservatives,liberal,Democrats,Republicans,inflationist,
    antiinflationoftenconflicting,comprising,blendingideas

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