First+100+days

**//The First 100 Days of President Roosevelt's Presidency//**

 * Roosevelt entered office at a time when fear and panic had paralyzed the nation.
 * Roosevelt passed__**//The New Deal//**__ which is a series of economic programs which included things such as creating the __**Civilian Conservation Corps**__, the __**Public Works Administration**__, and the **__Tennessee Valley Authority__**. These projects put tens of thousands of Americans back to work building dams, bridges, highways and much needed public utility systems.
 * These programs were in response to the //__**Great Depression**__; t//hese programs were focusing on the "__**3 Rs" relief, recovery, & reform**__
 * FDR's natural air of confidence and optimism did much to reassure the nation. His inauguration on March 4 occurred literally in the middle of a terrifying bank panic -- hence the backdrop for his famous words: "The only thing we have to fear is fear itself." The very next day, to prevent a run on banks, he declared a __**"bank holiday,"**__ closing all banks indefinitely until bankers and government could regain control of the situation. The term "holiday" was meant to give a festive air to what was actually a desperate situation, but such was FDR's desire to provide hope to the nation The bank holiday secured Roosevelt's political reputation, and convinced both Congress and the public that the New Deal was the right road to follow.
 * Congress was almost entirely compliant and gave the President everything he wanted. __**The Emergency Banking Bill**__, which strengthened, reorganized and reopened the most solvent banks, was passed overwhelmingly by Congress with little debate. On March 12, Roosevelt announced that the soundest banks would reopen. On March 13, deposits at those banks exceeded withdrawals -- a tremendous relief to a worried nation. "Capitalism was saved in eight days," said Raymond Moley, a member of the President's Brain Trust.

http://www.huppi.com/kangaroo/First100days.htm[][]First 100 days -video

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 * The bank holiday was a vivid example of the effectiveness of government intervention in an economic crisis. Hoover had allowed two previous bank panics to run their course, which contributed to over 10,000 bank failures and $2 billion in lost deposits. The bank holiday secured Roosevelt's political reputation, and convinced both Congress and the public that the New Deal was the right road to follow.
 * Roosevelt's strategy consisted of two parts: first, provide relief for those who needed it most, which often involved a redistribution of wealth from the rich to the poor. Second, provide long-lasting reform to the nation's economy, through reorganization and the creation of new agencies. Most of Roosevelt's policies can be described as "taking from one pocket to put in the other." Fixated with a balanced budget, and fretful when it was not, Roosevelt made sure that anything given to one sector of the economy was taken from somewhere else. He did not accept Keynes' recommendation to begin heavy deficit spending, and did not do so until the threat of World War II forced him to.

http://www.huppi.com/kangaroo/First100days.htm Works Cited media type="youtube" key="Ew2j3P0OJeg" height="390" width="480" [works|http://www.youtube.com/watch?v=Ew2j3P0OJeg&feature=fvwrel- __works__] __cited__