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FDR and the NEW DEAL (PowerPoint)

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					FDR and the NEW DEAL

    New Deal Programs
    Voices of Reaction
      1936 Election
    New Deal Coalition
    Court Packing Plan
         Legacy?
NEW DEAL PROGRAMS
• Federal Emergency Relief Adm. (FERA)
  – $500 m., cash relief to unemployed
  – Against work ethic, ended 1935
• Federal Deposit Insurance (FDIC)
  – Fed insured bank deposits up to $5000
• Tennessee Valley Authority (TVA)
  – Public power utilities in rural Tenn. Valley
• Security and Exchange Com. (SEC)
  – Joseph Kennedy: oversaw stock & bond
    market
  – Businesses must publish financial report
VOICES OF REACTION
• The Liberty League: conservative business
  – New Deal violates free enterprise
  – They called it “Communism.” Many Dems
• Father Charles Coughlin: radio show
  – Populists: free silver, nationalize banks
• Francis Townsend: old age pension
  – Over 65 gets $200 per month to spend
• Huey Long: “Share the Wealth”
  – Home, car, radio, and income for all
  – Confiscate millionaire’s wealth
Huey Long of Louisiana
SECOND NEW DEAL
• Democrats win 1935 mid-term elections huge
• Works Progress Administration (WPA)
  – Harold Ickes: 10 years, $6 billion: major projects
  – Golden Gate, Boulder Dam, Key West road,
• Social Security: 3 parts: pension over 65
  – Unemployment, and welfare. Payroll tax “insurance”
• Wagner Act: established union rights
  – Fair Labor Standards: minimum wage
• African Americans: not benefited as well
  – But 40% do get aid, 70% vote Democratic
• Eleanore Roosevelt: helped many groups
  – “My Day:” helped African Americans, more liberal
Eleanore Roosevelt
1936 ELECTION
• Union Party: Lemke, Townsend, Coughlin
• Republicans: Alfred Landon of Kansas
• FDR Victory: 523 to 8 to O
• New Deal Coalition: New Democratic Party
  – unions, blacks, city workers, rural farmers
• Court Packing Plan: Supreme Court
  – 50 federal judges, 6 supreme justices
  – Failed, but wins in long term
• Legacy: Evolution or Revolution? Reform
  – & relief, not recovery. New political coalition.

				
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posted:3/5/2012
language:English
pages:7