Election of 1932. Herbert Hoover. Franklin D. Roosevelt. Republican . Democrat. Roosevelt wins in a landslide but actually ran on the platform that Hoover was spending too much. President Franklin D. Roosevelt.
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Election of 1932 Herbert Hoover Franklin D. Roosevelt Republican Democrat Roosevelt wins in a landslide but actually ran on the platform that Hoover was spending too much
President Franklin D. Roosevelt Roosevelt’s infuses Keynesian economic theory into the American government where it will stay for over fifty years
New Deal Coalition Conservative Coalition Republicans And Conservative Democrats Women Populists, Liberal Democrats and Progressives Conservatives Limited Government and Laissez Faire Capitalism, Northern Blacks Unions, Farmers, Academia, Hollywood Southern Whites
FDR New Deal
New Deal FDIC - The Federal Deposit Insurance Corporation – insured bank deposits for up to $2500 Suspended Gold Standard – took the US off of the gold standard Repealed Prohibition – 21st amendment repealed the 18th amendment legalizing alcohol give states more tax revenue Agricultural Adjustment Act – paid farmers not to produce as much food so that food prices would rise so farmers could make a profit Public Works Administration – Roosevelt “primed the pump” by spending 3.3 billion dollars to build 35,000 public works projects. The Federal government became the largest employer in the country
Unemployment Insurance – payments paid by the government to people who are unemployed Wagner Act – stopped private businesses from being able to stop their workers from creating labor unions Minimum Wage – sets the lowest wage an employer can pay an employee Glass – Steagall Act – placed regulations of banks that they couldn’t invest in stock market
Securities and Exchange Commision The SEC main goal is regulating the nation’s securities industry (stock markets)
National Recovery Administration Put business and unions under complete control of the government
Supreme Court overturns the NRA The Supreme Court unanimously declares the NRA unconstitutional because it violates the separation of powers clause
Roosevelt threatens to pack the court The Supreme Court overturned some key parts of the New Deal so Roosevelt attempted to pass a law that would increase the number of judges on the Supreme Court so he could shift the political balance of the Court
Social Security Social Security provides financial benefits to the elderly, disabled and widows. Payments to retirees are financed by a payroll tax on current workers and employers. The current age of retirement to receive Social Security is 62
The Death of Conservatism Roosevelt had no competition from the conservative right as Americans had lost their patience with conservative philosophy. The only real fight Roosevelt had was from those who thought he wasn’t doing enough like Louisiana governor Huey Long. Long might have had a shot because the economy was still stagnate, but……
Election of 1936 Alf Landon Franklin D. Roosevelt Democrat Republican Roosevelt easily defeats the very liberal Republican Landon in a landslide. The only political position the Republicans held that was slightly popular is that we should isolate ourselves from European affairs and then the economy…..
Election of 1940 Franklin D. Roosevelt WendallWilkie Republican Democrat Breaking with the precedent set by Washington, Roosevelt runs for a third term and easily defeats Wilkie. FDR liked Wilkie so much that he gave him a job after the election. And Then
The US is back to war And everything is going to change
Like in World War I the government takes complete control of the economy And violates the Constitution
Election of 1944 Franklin D. Roosevelt Thomas Dewey Republican Democrat Roosevelt wins a fourth term easily and then sets his sights to life after the war
A Second Bill of Rights A right to employment with a living wage, freedom from unfair competition, a right to a house, medical care and education But……
FDR dies in office Two years later the 22nd amendment is passed limiting the President to two terms
Truman drops the bomb on Hiroshima and Nagasaki ending World War II Making the United States the most powerful country on Earth and giving us a new war to fight
The Bretton Woods Conference Establishes the United States dollar as the exchange currency of the world, making the United States the most powerful nation on Earth
Effects of fighting the war The war made Americans fear not being prepared and of marching armies wanting to destroy us. Both parties become interventionists
Frankfurt School Marxists believed that during World War I the working classes of every country would unite to overthrow the bourgeois, when this did happen they reevaluated the situation
Cultural Marxism offshoot of Marxism that conceives culture (race, nationality and ethnicity) and gender as central to the legitimation of oppression, in addition to the economic factors that Marx emphasized.
Critical Theory Developed by Max Horkhiemer, critical theory is the idea that western ideology is the main obstacle to human liberation because it blinds the people with material possesions and national loyalties so it must be destroyed through constant critique of it’s downsides……we see this today as….
PC Political Correctness - language, ideas, or policies that address perceived or actual discrimination against or alienation of politically, socially or economically disadvantaged groups
The United Nations intergovernmental organization established on 24 October 1945 to promote international co-operation. A replacement for the ineffective League of Nations, the organization was created following the Second World War to prevent another such conflict. The United States is one of five countries with veto power on the security council (Great Britain, France, Soviet Union and China
NATO (North Atlantic Treaty Organization) intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949. The organization constitutes a system of collective defense whereby its member states agree to mutual defense in response to an attack by any external party
Election of 1948 Strom Thurmond Harry Truman Thomas Dewey Republican Democrat Dixiecrat The Dixiecrats break away for the first time from the Democrats over Truman’s desegregation of the Army. Truman wins in a close race
Post World War II Democrats Republicans Women Populists, Liberal Dems and Progressives Conservatives Limited Government and Laissez Faire Capitalism Northern Blacks Southern Whites Social Conservatives
Whose main mission is to report national security intelligence from outside of the United States to the President
America goes back to war In it’s first “police action” the United States intervenes in Korea to stop the invasion of the Communist North Koreans
intelligence agency responsible for providing the United States government with encrypted communications and the reading of encrypted communications of other nations
Election of 1952 The return of a hero
Election of 1952 Adlai Stevenson Dwight D. Eisenhower Democrat Republican Eisenhower easily wins and continues the policies of Roosevelt and Truman. Eisenhower’s VP is a young Senator from California named…………….
Milton Friedman Nobel Friedman was an economist working for the government when he started to believe that the government was hurting the economy more than helping it. Freidman goes on to become the leader of the Chicago school of economics which advocated for low taxes, lower government spending, less regulations and that social welfare causes more problems than it fixes. Friedman also believed that it was the Federal Reserve that caused the Great Depression. He won the Nobel peace Prize for economics in 1976. The Chicago School is considered the Americanized version of the Austrian School and anti-Keynesian
Written in 1957 by Ayn Rand who had run away from Soviet Russia, Atlas Shrugged told a story of the demise of the American economy because of over control of the government. Atlas Shrugged has only been out sold by the Bible