Vocab: 1. The Dust Bowl 2. The New Deal 3. Fireside chats 4. Bank Holiday Guiding Questions: 1. What were the three phases of the New Deal? The Dust Bowl Many farmers were deeply in debt due to large bank loans and low agricultural prices. Drought made it impossible to grow crops Huge dust storms Over one million families lost their farms between 1930 and 1934. FDR Roosevelt ran for President in 1932. Suffered from polio, which left him without full use of his legs. Governor of New York when the stock market crashed, FDR had started some very successful relief programs. Campaign ideas: “New Deal” and that he would help the “forgotten man” Taking office Fireside chats: were radio addresses the President gave to the American people Told Americans how he would fix America They trusted him Meanwhile, the nation sank deeper into decline. On March 3, 1933, over 5,000 banks closed. Roosevelt took office on March 4. "The only thing we have to fear is fear itself!" Bank Holiday The new President announced a "bank holiday." All banks were closed. The Emergency Banking Act allowed the U.S. Treasury Department to inspect bank records. Banks found to be solvent were reopened (Those who had money) Bankrupt banks remained closed until the government could guarantee their safety People began to trust banks again The New Deal First 100 Days: institute programs called the New Deal There were 3 phases to his reform Relief: For those suffering the effects of the Great Depression Recovery: of the depressed economy Reform: That would help prevent serious economic crisis in the future.
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