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1932 ELECTION

1932 ELECTION. Roosevelt promises a “new deal” for the American people People blame Hoover for Depression. Landslide!. FDR’s Life. Wealthy parents Privately tutored Harvard The privileged had obligation to serve the public NYS Senator Assistant Secretary of the Navy

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1932 ELECTION

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  1. 1932 ELECTION • Roosevelt promises a “new deal” for the American people • People blame Hoover for Depression

  2. Landslide!

  3. FDR’s Life • Wealthy parents • Privately tutored • Harvard • The privileged had obligation to serve the public • NYS Senator • Assistant Secretary of the Navy • Polio- August 1921- 7 years of recovery • Governor of NY, 1928-1932 • President , 1932-1945 • Charisma, strength, hope

  4. FDR takes office in the midst of the Depression • 25% Americans unemployed, 10 million jobs lost since 1929 • Stock market value $89.7 billion to $15.6 billion • Thousands of bank failures • Wheat- $3.00/bushel in 1920, now $.30 • Farmers move West (Dust Bowl) • Many schools close doors

  5. “…FEAR ITSELF”

  6. THE NEW DEAL: RECOVERY AND THE HUNDRED DAYS

  7. The Banks • Emergency Banking Act • Bank holiday “capitalism was saved in eight days” • Home Owners Loan Corporation • Glass-Steagall Act Federal Deposit Insurance Corporation (FDIC)

  8. Unemployment • Civilian Conservation Corps (CCC) • Tennessee Valley Authority (TVA) • Federal Emergency Relief Administration (FERA) • Public Works Administration (PWA) • Civil Works Administration (CWA)

  9. Farmers • Agricultural Adjustment Act (AAA)

  10. Industry • National Industrial Recovery Act (NIRA) National Recovery Administration (NRA)

  11. REASONS FOR SUCCESS • Cooperation from Congress • “Brain Trust” • Trust and faith • the “Fireside Chats”

  12. THE NEW DEAL UNDER ATTACK

  13. THE NEW DEAL UNDER ATTACK “The sick-chicken case” Schecter v. United States

  14. THE NEW DEAL UNDER ATTACK Francis Townsend (physician) Wants more!

  15. THE NEW DEAL UNDER ATTACK Father Charles Coughlin “the Radio Priest” The National Union for Social Justice

  16. THE NEW DEAL UNDER ATTACK Huey Long “The Kingfish” Democratic senator of Louisiana Share Our Wealth Society

  17. THE SECOND NEW DEAL1935-1938 • FDR pressured from both sides • He goes to the left • More legislation

  18. The Wagner Act (National Labor Relations Act) • Robert F. Wagner of NY • July 5, 1935

  19. Social Security Act • August 14, 1935 • Response to pressure from Townsend and Long • The modern welfare state

  20. The Works Progress Administration(WPA) • 10 million still out of work • $55 a month (subsistence= $100)

  21. Revenue Act of 1935 • “Soak the rich” plan • Diffuse the popularity of Long’s Share Our Wealth plan • Increased federal revenues by only $250 million a year

  22. 1936 Election • Roosevelt (D) • Alfred M. Landon (R) • William Lemke (Union)

  23. 1936 Election ANOTHER LANDSLIDE!

  24. The Supreme Court Fight • Court declares several New Deal programs unconstitutional by 1935 • Other programs up for appeal

  25. The Supreme Court Fight ROOSEVELT FIGHTS BACK • Proposes that there should be more judges • Able to appoint 7 of his own judges

  26. END OF THE NEW DEAL • “Roosevelt Recession” of 1937-38 • Court-packing backlash • Foreign concerns (War)

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