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Chapter 16 Section 1 Roosevelt Takes Office

Upon taking office in 1933, President Roosevelt proposed a program of legislation to help the poor and prevent economic collapse.

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Franklin Delano RooseveltElected President in 1932
"The only thing we have to fear is fear itself"Quote from Franklin Roosevelt's inaugural address that gave Americans hope about economic recovery
fireside chatsRadio talks in which FDR explained his policies in a simple, friendly way.
Bank HolidayRoosevelt closed all banks and only those which could prove that they could meet financial obligations could reopen. This was to restore Americans confidence in the banking system.
New DealRoosevelt's program to end the Depression
relief, reform, recoverythree pronged strategy of FDR's New Deal
Civilian Conservation CorpsEmployed young men to plant trees, set up firebreaks and build dams to stop soil erosion
Federal Emergency Relief AdministrationCongress set aside $5oo million to hand out direct relief to states,cities and towns
Harry HopkinsHeaded the FERA
Public Works AdministrationEncouraged economic recovery buiding large scale engineering projects, such as highways, bridges, power plants and dams
Tennessee Valley AuthorityProduced and sold cheap electrical power to the Tennessee Valley
Home Owners Loan CorporationBought up mortgages from banks and refinanced them in a way that allowed homeowners to meet their payments
Agricultural Adjustment AdministrationOrganization that kept farmers from losing their lands
National Recovery AdminstrationHelped businesses organize codes by setting prices and wages
Federal Deposit Insurance CorporationGuaranteed individual deposits in banks
Securities and Exchange CommissionRequired that all firms that issued stock provided investors with accurate information about their finances

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