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