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7-8 The New Deal - Coggle Diagram
7-8 The New Deal
Steps Toward Relief
As a presidential candidate, Roosevelt presented no clear, coherent policy. He did not spell out how his plans for the country would differ from Hoover’s, but he did refer broadly to providing a “new deal” and bringing to the White House “persistent experimentation.”
Starting with his inaugural address, in which he declared that “the only thing we have to fear is fear itself,” Roosevelt took on the task of rallying the American people and restoring their confidence in the future.
Instead of any fixed ideology, Roosevelt followed what one historian has called “pragmatic humanism.” A seasoned politician who understood the need for flexibility, Roosevelt blended principle and practicality.
New Deal Critics
Emergency Banking: 1933 New Deal executive order that shut down banks for several days to calm widespread panic during the Great Depression.
Glass-Steagall Act 1933 New Deal legislation that allowed solvent banks to reopen and created the Federal Deposit Insurance Corporation (FDIC).
Federal Deposit Insurance Corporation: Federal agency created under the New Deal in 1933. It insured bank deposits up to $5,000, a figure that would substantially rise over the years.
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Decline of the New Deal
Civil Works Administration: 1933 New Deal program which only lasted four months but employed more than 4 million people on 400,000 projects, such as building schools, roads, playgrounds, and airports.
New Deal work program that hired young, unmarried men to work on conservation projects. It employed about 2.5 million men and lasted until 1942.
Public Works Curriculum: 1933 New Deal administration created to oversee the rebuilding of America’s infrastructure, such as roads, schools, and libraries.