The NEW DEAL 1932 Presidential Election 1928 1932 1936 1940 Franklin D. Roosevelt (FDR) (D-NY) Thirty-second POTUS 1933-1945 Governor of New York Crippled by polio as an adult www.whitehouse.gov/about/presidents/warrenharding FDR’s First Inaugural Address http://www.youtube.com/watch?v=amNpxQANk0M The “New Deal” The “3 R’s” RELIEF RECOVERY REFORM Bank Holiday / Fireside Chats FDR’s “Alphabet Soup” SEC FDIC AAA CCC PWA Federal Deposit Insurance Corporation Agricultural Adjustment Act THE PROBLEM: Crop prices too low THE SOLUTION: Crop subsidies National Recovery Administration Authorized the government and business leaders to develop codes of fair competition Securities and Exchange Commission “Make Work” Projects CCC PWA Public Works Administration Construction Projects Civilian Conservation Corps State and National Parks Table Rock State Park Tennessee Valley Authority Rural Electrification Public Utilities The “Second New Deal” 1935-1936 Social Security Act (SSA) Old Age Pensions National Labor Relations (Wagner) Act Pro-labor Union Legislation National Labor Relations Board (NLRB) Criticisms of the New Deal From the Left: Too COLD! Sen. Huey P. Long (LA) “Share Our Wealth” From the Right: Too HOT! Schechter Poultry Corp. v. U.S. 1935 Schechter Poultry Corp. v. U.S. 1935 9-0 In favor of the Schechters The NRA violated the Commerce Clause of the U.S. Constitution. Commerce Clause INTERSTATE “Horse and Buggy” Constitution Court-packing Scheme • Independent Judiciary • FDR: • Add a justice for every member (up to six) over 70 years of age FDR’s first major legislative defeat More Cartoons: http://www.authentichistory.com/19301939/02-newdeal/5-courtpacking/ 1936 Presidential Election 1928 1932 1936 1940 FDR and Race Relations New Deal Coalition Included Southern Whites Civil Rights Legislation FDR and Race Relations BUT New Deal programs (e.g., CCC) provided unemployed African Americans with work. The EOC Let’s guess what the EOC makers are going to want to assess. Unemployment New Deal Unemployment WWII GDP New Deal GDP WWII