1. FDR

2. Modern Presidency Pre-Modern 1789-1932 Modern 1933-present 2 nd American republic? –Theodore Lowi, The Personal Presidency

3. Real GDP (per working age person) Timothy J. Kehoe Professor of Economics, University of Minnesota and Adviser, Federal Reserve Bank of Minneapolis, http://www.econ.umn.edu/~tkehoe/

4. GNP Per Capita (relative to 1889-1929 trend) J. Bradford DeLong, University of California at Berkeley and NBER http://econ161.berkeley.edu/TCEH/Slouch_Crash14.html

5. Stock Market http://www.affordablehousinginstitute.org/blogs/us/Stock_market_crash_1929_small.jpg

6. The Depression in the US

7. “Hoovervilles”

8. Herbert Hoover, 1929-1933

9. Governor Roosevelt of NY (with former Gov. Al Smith)

10. John Maynard Keynes: Modern LiberalismKeynes

11. Circulation Newmann gets paid!!!!! Newmann gets paid!!!!!!!!!!!! Employee Newmann enrolls buys bagels, at VCU Chinese food, new Pat Metheny CD, sneakers Employee decides Employees of he/she can pay businesses for college near VCU get paid

12. Business Cycle Boom-Bust cycle Self-regulating

13. But, what if…. Non-self-regulating

14. FDR’s New Deal FDR Inaugural Speech (text) (audio of oath of office and inaugural speech)(text)audio Fireside Chats

15. 1. Government Role in the Economy

16. The New Deal: Creating JobsNew Deal

17. Works Progress Administration

18. New Deal: Regulation National Recovery Administration but… Schechter v. US (1935)Schechter v. US (1935)

19. New Deal: Redistribution

20. 2. President’s Role

21. 3. Enlargement of the Federal Government

22. “Presidential Branch” WHONSCWHONSC OMB NEC USTR CEQ OHS OGCOMBNECUSTRCEQOHSOGC WH OfficesWH Offices (Counsel, Communications….) WHO-White House Office; NSC-National Security Council; OMB-Office of Management and Budget; USTR-Office of US Trade Representative; CEQ-Council on Environmental Quality; OHS-Office of Homeland Security; OGC-Office of Global Communications Executive Office of the Presidency (EOP)

23. Three Layers of Executive Branch WHO EOP Appointees in Executive Branch Career Bureaucracy

24. 4. Precedents 100 Days New Deal as a new social contract President as provider of services –Not Congress –Not federal government

25. 5. Electoral Realignment 1860-1932 (72 years) –56 years Republican; –16 years Democratic 1932-1980 (48 years) –32 years Democratic; –16 years Republican Atlas of Presidential elections

26. New Deal Coalition Democratic South African-Americans Union members Urban North Immigrant/newer ethnic groups Farmers Socialist parties voters

27. Effect of FDR on US Political Culture Left Right Left-right defined as accepted level of government intervention in the economy: right = less intervention left = more intervention US Pre- 1933

28. FDR Character

29. FDR: Polio

30. Eleanor Roosevelt