FDR’s New Deal

What was it like when FDR Took

Office . . .

• FDR Takes Office

March 4, 1933
• 15 Million Unemployed
• Poverty & Starvation
• Promises a “New Deal”
• 1st problem = banks
 What was the Bank Crisis &
Holiday?
• Banks were in a major crisis
– Not enough money for
demand
• Bank Holiday = March 5-9,
1933
– Closed all banks
– Financially sound
reopened-others wait for
gov’t assistance
– Bank crisis over
 What did the New Deal Do?
• March 9 – June 16:
• 15 New Deal laws passed Congress
dealing directly w/ economic
depression
• 3 Forms (3 R’s):
Relief Recovery Reform
↓ ↓ ↓
Immediate Short Term Help Long Term
Help Changes
 What were the Lasting Effects
of the New Deal?
• Greatly Expanded the
role of the Federal
Government
• Helped to end the
Depression
• Restored hope
• Gave Americans new
sense of entitlement –
Social Security,
Welfare, etc