Alisha C & Niyala B
By 1935, the Nation had achieved some measure of recovery, but there was still a lot of work to be done. People feared his experiments, were appalled because he had taken the Nation off the gold standard and allowed deficits in the budget, and disliked the concessions to labor. Roosevelt responded with a new program of reform: Social Security, heavier taxes on the wealthy, new controls over banks and public utilities, and an enormous work relief program for the unemployed.
At Roosevelt's nationally broadcast inauguration speech, the new president denounced the "money changers" who had brought on the economic disaster and declared that the government must wage war on the Great Depression. Roosevelt's liberal solution to the problems was to aggressively use government as a tool for creating a "new deal" for the American people, aimed at three R's--relief, recovery, and reform. The New Deal's most immediate goals were short-range relief and immediate recovery. These were the immediate goals of the Hundred Days Congress, which met March 9-June 6, 1933. Long-range goals of permanent recovery and the reform of institutional abuses and practices that had produced the Depression came as part of the Second New Deal, from November 1933 to 1939.
The New Deal covered top issues, such as:
- Money & Banking
- Job Creation
- Works Progress Administration (WPA)
- Civilian Conservation Corps (CCC)
- Federal Emergency Relief Administration (FERA)
- National Recovery Administration (NRA)
- Public Works Administration (PWA)
- Other Financial Relief
- Agricultural Adjustment Act (AAA)
- Home Owners' Loan Corporation (HOLC)
- The Tennessee Valley Authority (TVA)
- Farm Security Administration (FSA)
- Works Progress Administration (WPA)
- Housing Reform
- Federal Housing Administration (FHA)
- Social Security
"My friends, I want to talk for a few minutes with the people of the United States about banking -- to talk with the comparatively few who understand the mechanics of banking but more particularly with the overwhelming majority of you who use banks for the making of deposits and the drawing of checks."(Part of the First paragraph as a transcript)
"Today a hope of many years' standing is in large part fulfilled. The civilization of the past hundred years, with its startling industrial changes, has tended more and more to make life insecure. Young people have come to wonder what would be their lot when they came to old age. The man with a job has wondered how long the job would last." (First Paragraph Transcript of the Audio below)
