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Depression New Deal Lecture 2

Depression New Deal Lecture 2. Background Depression continues FDR assumes presidency “New Deal Policy begins”. II. FDR’s New Deal. A. Restore confidence B. Build persistent experimentation C. “Hundred Days” period focus 1. Banks ( Emergency Banking Act, FDIC) 2. Relief Emergency

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Depression New Deal Lecture 2

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  1. Depression New DealLecture 2 Background Depression continues FDR assumes presidency “New Deal Policy begins”

  2. II. FDR’s New Deal • A. Restore confidence • B. Build persistent experimentation • C. “Hundred Days” period focus • 1. Banks ( Emergency Banking Act, FDIC) • 2. Relief Emergency • 3. Jobs (CWA, CCC, Indian Reorganization Act, NRA)

  3. 4. Business (NIRA, Fed Security Act, SEC) • 5. Homes and Farms (HOLC, AAA) • 6. Public Works (TVA) • D. Personnel & Policy • 1. Select Intellectuals ( Brain Trust) • - Raymond Moley, Rexford Tugwell, Adolf Berle • 2. Francis Perkins • 3. Eleanor Roosevelt • 4. Mary McLeod Bethune

  4. E. Programs failed • 1. Policies criticized • - too much government tyranny • III. FDR’s “Second New Deal” • A. 1935 bolder programs specified • 1. Social welfare benefits (SSA) • 2. Strict business control • 3. stronger union support (Wagner Act), NRLB) • 4. Higher taxes on rich

  5. B. Election of 1936 • 1. Alf Landon (rep) • - warns FDR socialism • 2. FDR wins reelection • Democrats’ New Deal support: • Farmers, new immigrants, unions, skilled and unskilled workers, northern blacks and some women.

  6. IV. New Deal Critics • A. Women (wages, preferences, domestic) • B. Blacks (south segregation) • C. Political Right (wealthy) • D. Political Left (socialists) • E. Demagogues (Fr. Charles Coughlin, Francis Townsend, Huey Long) • F. Supreme Court Controversy (FDR tries to pack court)

  7. V. Results of the new deal A. Depression Not Ended 1. Gov. Spending fails 2. National Debt Rose 3. Hard Times To 40’s B. Labor Unions Increase • CIO joins AFL 2. Era of strikes

  8. C. Culture and art advancements 1. Literature 2. Radio & Movies 3. Artists, Musicians & Theater People D. Social Security System • Important for many • Society Left out • No Health Insurance • No future Provisions

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