1932 Election • Democrats nominated the governor of New York, FDR (cousin of Theodore Roosevelt) promised a “New Deal” • Democrats won the majority in the House and Senate Franklin Delano Roosevelt • Franklin Delano Roosevelt (FDR) won the 1932 Presidential election 57.4% to Hoover’s 39.7%. • FDR gathered information from many university professors/ economic experts (Rexford Tugwell, Raymond Moley, Adolph Berle Jr.) known as the Brain Trust. Most diverse administration in US history: including blacks, Jews, Catholics, and women. Frances Perkins became 1st female Cabinet member as Secretary of Labor QuickTime™ and a TIFF (Uncompressed) decompressor are needed to see this picture. II. plans for I. Relief for economic the unemployed Recovery The New Deal had three major goals: III. Reforms to prevent another depression The First 100 Days - 1933 • Bank Holiday • Emergency Banking Relief Act – Gov’t. gained ability to authorize banks to open. • Fireside chats – FDR gave weekly radio addresses to the public. • 20th Amendment “lame duck amendment” Fireside Chats • FDR gave 30 radio speeches to the nation, which became known as fireside chats. FDR’s first fireside chat on the bank crisis. (March 12, 1933) Glass-Steagall Act • Established the FDIC • Federal Deposit Insurance Corporation – Provided insurance to individual bank accounts up to $5,000 (now up to $250,000) Federal Securities Act • The SEC, Securities Exchange Commission was created to increase confidence in the stock market. – Practices must be open to the public. – No insider trading. 21st Amendment • Beer-Wine Revenue Act • FDR hoped to increase revenue by legalizing some alcohol sales (sin taxes). Help is on the Way! • The Agricultural Adjustment Act – farmers were paid to slow down production, which would raise prices. Why controversial? • The Civilian Conservation Corps – Built roads, parks, planted trees, and developed flood control. And More… • The Public Works Administration / National Industrial Recoveries Act – Built schools and government buildings – Built roads and bridges • The National Recovery Administration – Set prices and minimum wages And Still More… • National Housing Act & The Federal Housing Commission – Home Owners Loan Corporation (HOLC) provided loans to homeowners in default • The Federal Emergency Relief Administration - Harry Hopkins – Provided funds for direct relief to poor / needy through state & local governments QuickTime™ and a TIFF (Uncompressed) decompressor are needed to see this picture. 1936 Election - Defeats Alf Landon in a landslide • With over 60% of popular vote seen as a thumbs up to the New Deal • New Democratic coalition: 1. The South 2. White ethnic groups in the cities 3. Midwestern farmers 4. Labor unions 5. African-Americans - why significant? Critics of the New Deal Dr. Francis Townsend Huey Long Father Coughlin FDR Faces Opposition • Conservatives say his Big Government has gone too far - American Liberty League …some liberals say not far enough. • The conservative Supreme Court strikes down the NRA (Schechter v. U.S.) and AAA (U.S. v Butler). • He is accused of assuming legislative powers. • FDR has an answer…? “Court-Packing” Plan • Even some Dems thought this went too far Congress did not grant his request for a new panel of judges - 1st time! • But for various reasons he ended up nominating seven new judges over his term in office. Works Progress Administration • 1935 – 1943, $11 billion spent to create jobs. – 850 airports – 651,000 miles of roads – 125,000 public buildings National Youth Administration • Provided education, jobs, counseling, and recreation to young people. – Issued part time jobs for students – Found work for drop-outs The Wagner Act & Fair Labor Standards Act • National Labor Relations Act (Sponsored by Senator Robert Wagner) – Supported union rights – Prohibited firing of union members • Fair Labor Standards Act – Reduced work week to 40 hours – Minimum wage – 25 cents • (40 cents by 1945) – Banned hazardous work for minors Social Security Act • Old Age Insurance – employee paid half and employer paid half. • Unemployment Insurance – employees could draw from this if out of work. • Aid to Families w/Dependent Children and the Disabled New Deal Impact & Legacy 1. Expanded role of the federal government in the lives of Americans (Social Security) 2. Support - rise of power of unions (CIO) 3. Minor advances for minorities: blacks & Native Americans 4. Support for Keynesian Economics 5. Political realignment of the Democratic and Republican Parties The WPA “Dollar” Artists of the WPA Kansas City from Politics, Farming, & the Law Thomas Hart Benton, 1936 The Annual Move by Otis Dozier, 1936 Construction of the Dam by William Gropper Women of Flint, MI by Joseph Varak The Cradle Will Rock, 1937 The theater, when it’s good, is always dangerous! Orson Welles & John Houseman WPA Bookbinding The American Guide Series Former Slave Interviews