The First New Deal, 1933–1935

Learning Objectives

1. Explain how President Roosevelt stabilized the banking sector. Identify the changes to the banking and investment industry that occurred between 1933 and 1935.
2. Summarize each of the leading New Deal agencies that were created in the first years of the New Deal. Explain how the role of the federal government changed between 1933 and 1935, using these programs as examples.
3. Analyze the federal government’s attempts to create a more ordered economy through the National Recovery Administration. Explain how the government sought to mitigate conflicts between industry and labor, as well as the reasons why the Supreme Court declared the NRA to be unconstitutional.