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The Great Depression 1929-1939
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Getting out of the Depression
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Frances Perkins Sec. of Labor
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Eleanor Roosevelt A woman is like a tea bag- you never know how strong she is until she gets in hot water. Great minds discuss ideas; Average minds discuss events; Small minds discuss people. No one can make you feel inferior without your consent. It is not fair to ask of others what you are unwilling to do yourself. I could not at any age be content to take my place in a corner by the fireside and simply look on.
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Fireside Chats
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F. D. Roosevelt: “You have nothing to fear, except fear itself”
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TheFirst
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1. Relief Immediate action to halt economy’s deterioration 2. Recovery "Pump - Priming“: Temporary programs to restart flow of consumer demand & offer jobs 3. Reform Permanent programs to avoid another depression & insure citizens against economic disasters
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Workers organize to better conditions First strike 1877: Railroad American Federation of Labor (skilled/craft) Formed by Samuel Gompers Used collective bargaining Industrial Workers of the World (“unskilled”) Created by radical unionists and socialists
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Renewed interest in UNIONS and collective bargaining In three years, 577 often violent strikes STEEL, AUTO, RUBBER industries
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Social Security – gone by 2041
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Distributes $ from poor to non-poor – Poorer generally start working earlier… – Poorer generally die earlier…
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Bank Holiday Federal Emergency Relief Act (FERA) Civilian Conservation Corps (CCC) Civilian Works Administration (CWA & PWA) RELIEF Legislation
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Tennessee Valley Authority (TVA) Works Progress Administration (WPA) National Recovery Act (NRA) Agricultural Adjustment Act (AAA) RECOVERY Legislation
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Security & Exchange Commission (SEC) Federal Deposit Insurance Corporation (FDIC) National Labor Relations Act / Board (NLRA/B) Social Security (SS) REFORM Legislation
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Senator Huey Long (La.) “Share Our Wealth” - Socialist - FDR “too easy on rich” - Money spent on public works - Guaranteed $5,000 to all - Take millionaire’s $ and divide - Everyone gets car, house, radio - “Every Man A King, but no one wears a crown” - Shot and killed in 1935
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Father Charles Coughlin -More economic & political talks on radio than religious -FDR “too friendly to bankers” - Economic reform = anti-comm. & anti-capit. - Supported fascism - Anti-semitic - Isolationist - Silenced
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Unconstitutional State Gov’t to Regulate Intrastate Business… Hurt small business Congress Can’t Regulate Agr
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Court Packing Changing the Supreme Court…. WHY???
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FDR’s Legacy PROS - Unemploy. decreased - Increased income - Preserved resources - Cushion for elderly/sick - Supported unions - Ensured bank safety CONS - National debt increased - Doubled fed. Bureaucracy - Didn’t increase small business activity
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FDR’s Legacy Set a precedent that the federal government is responsible for the economic welfare of the people
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