Questions to Consider
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Transcript of Questions to Consider
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Questions to ConsiderFDR & THE NEW DEAL
(1) Which important qualities of leadership did FDR possess?
(2) What was FDR’s approach to fighting the Depression? Liberal or conservative? Analyze.
(3) Whose problems were addressed? The most? The least?
(4) Who were the critics of the New Deal? Were their concerns justified?
(5) What effects did the New Deal have on the U.S.? Short term? Long term?
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FRANKLIN DELANO ROOSEVELTThe Man With the Master Plan?
Childhood/EducationBig Bucks, The Pony, Dresses, Oh Mom!, Tutors, 7th String, “C”, The Crimson, Law
MarriageMy Cousin, OK?, I Love Lucy, Six-Pack
Early Political Career“Progressing” from NY to the Sea to NY
DisabilityCampobello Island and Polio
PersonalityCharming, Persuasive, Caring, Witty, Optimistic
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ELECTION OF 1932Time For a Change!
Hoover (R)
Roosevelt (D)
Play Safe With Hoover“Vote for Roosevelt and make it unanimous.” Unknown (1932)
Happy Days Are Here Again“I pledge… a new deal for the American people.” FDR (1932)
40 %POPULARVOTES
59ELECTORAL
VOTES
57 %POPULARVOTES
472ELECTORAL
VOTES
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THE BRAIN TRUSTFormulating a Plan OR Ideas Galore?
Eleanor Roosevelt
Frances PerkinsSecretary of Labor
Intellectuals
The EyesThe Cabinet
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THE NEW DEALFDR vs. Historical Analysis
ExperimentationFDR encouraged “…persistent, bold experimentation.”
ContradictionEXAMPLE: Balanced Budget vs. Deficit Spending
General PhilosophyExpand the role of the federal government in providing jobs, relief for the unemployed, better wages, and regulation of industry to control the abuses of the past which had led to the current depression.
Relief, Recovery, and ReformCategories developed by historians.
It is common sense to take a method and try it; if it fails, admit it frankly and try another. But above all, try something”- FDR (1932)
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RELIEF, RECOVERY, REFORMThe Car Accident Analogy (Heiser)
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FDR’s 1ST INAUGURAL ADDRESSMarch 4, 1933
“…First of all, let me assert my firm belief that THE ONLY THING WE HAVE TO FEAR IS FEAR ITSELF – nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.”
“Our greatest primary task is to put people to work”Identifies the problems and solutions (vague) for unemployment, low crop prices, foreclosures, speculation, bank failures, world trade (2nd), government costs, etc.
“This great nation will endure as it has endured, will revive and prosper.”
100,000+
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THE HUNDRED DAYSMarch 9 to June 16, 1933
ALPHABET SOUPEmergency Banking
Relief Act
CCC
AAA
FERA
TVA
FSA
FDIC
NRA
PWA
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BANKINGRestoring Confidence
Bank HolidayClosed for 4 Days!
Emergency Banking Act (1933)(also known as Glass-Steagall Banking Act)Treasury License, Increased Regulation Separates deposit vs. investment banking
Federal Deposit Insurance Corporation (FDIC)Insured deposits up to $5,000
Fireside ChatsTo build trust
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CIVILIAN CONSERVATION CORPSUnemployment Relief
500,000 in 19353 million from 1933-1942
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FEDERAL EMERGENCY RELIEF ACTTo the States and Cities
Harry HopkinsAdministrator
$500 million
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TENNESSEE VALLEY AUTHORITYAddressing an Impoverished Region
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AGRICULTURAL ADJUSTMENT ACTSeeking Parity in Prices
Production Cuts
Subsidies Paid by Government
Result In
UNCONSTITUTIONAL!!!
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NATIONAL RECOVERY ADMINISTRATIONIndustrial Cooperation
CODESFair Competition
Production Limits
Wages
Working Conditions
UNCONSTITUTIONAL!!!
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PUBLIC WORKS ADMINISTRATIONMore Unemployment Relief
$3.3 billion
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THE STOCK MARKETAvoiding Another Crash
Federal Securities ActHonest Reporting of Stock Information
Curbing Stock Bought on CreditLimiting “Buying on Margin”
Securities and Exchange Commission (1934)*To oversee the Stock Market
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2nd NEW DEALA Second Hundred Days (1935)
WPA NLRA(Wagner Act)
Social Security
Aid for Farmers
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WORKS PROGRESS ADMINISTRATIONWork NOT Handouts
8 million jobs for almost everyone!
Public Works (roads, bridges, schools, hospitals)
Federal Writers ProjectFederal Theatre ProjectFederal Arts Project
$11 billion into the economy
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HELP FOR FARMERSSmall Farmers, Sharecroppers, Migrants
Resettlement Administration
Loans to buy their own farms
Rural Electrification Administration
Loans to utility companies40% electrified by 1941
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RIGHTS FOR LABORGovernment Support of Labor
National Labor Relations Act(Wagner Act)Collective-BargainingClosed Shops OK!No Spying or BlacklistingNational Labor Relations Board
Fair Labor Standards ActNo Child LaborMinimum Wage ($0.40/hour)40-Hour Week
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SOCIAL SECURITYFederal Responsibility for Social Welfare
Social Security Act (1935)Old-Age Pensions for WorkersUnemployment InsuranceAid for Single Mothers and the
Disabled