HIST 2112 1st edition Lecture 19 Outline of Previous Lecture I Klu Klux Klan II Harlem Renascence Great Migration III First Red Scare IV Prohibition Outline of Current Lecture I Franklin Delano Roosevelt II Hoover and the Depression the laissez faire approach III The New Deal IV Other Important New Deal Programs V Backlash against the New Deal Current Lecture I II Franklin Delano Roosevelt Was born into wealth Hoover and the Depression the laissez faire approach Voluntary Cooperation The Great Depression is awful People are mad at Hoover because he can t stop the depression Hoover was a big supporter of the laissez faire approach As a Republican he believed that there shouldn t be an active hand in the market the markets should be left to themselves Around the time when he loses his seat in the office he starts to rethink his opinion of laissez faire Hoover believed in voluntary cooperation o Let people voluntarily quit and the business not fire the people o Doesn t work because the businesses have to go to low measures to stay afloat Reconstruction Finance Corporation RFC 1930 o Hoover finally realized he had to do something to stop the Great Depression Too little too late FDR wins in 32 o FDR is without a doubt one of the most important and influential presidents we have ever had These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute III o He is a hero to many people Rebirth of the progressive area Liberalism is the idea that the Government has a duty and the ability to flex its muscles for social change FDR has a plan to help the economy The New Deal The New Deal Five agendas o Relieve immediate suffering o Federal Emergency Relief Act FERA FERA helped with relief suffering a lot of people felt embarrassed and ashamed to get help but they came to a point where they had to accept help o Save banks increase money supply When people put money in the banks the bank would then invest the money or sometimes even play around with it and then they would lose it and the people would lose their money Roosevelt passes a bill to have every single bank audited by the Treasury department Roosevelt passes the Banking Act of 1933 Banks were shut down for a week during the audits The banks who can t be brought back are shutdown The banks who are healthy and they are allowed to open back up So when the government tells the people the banks are safe to put their money into it they do it Roosevelt passes FDIC which ensures the people will not lose their money that they put in the bank o Jumpstart industry o Address the agricultural crisis National Recovery Administration Act AAA It pays farmers to not farm The farmers needed money and if they don t farm the food out there is reduced which drives food prices up There are some problems with the plan high food prices are only exciting for farmers and not for the Urban people In the South sharecroppers are hit extremely hard by it o The government pays the owners of the fields and they just cut the production for the IV V sharecroppers and they didn t share that money with the sharecroppers o make work programs to restore morale FDR knew Americans did not want charity so he created the make work programs Civilian Conservation Corps CCC Works Progress Administration WPA o A massive program that put people to work doing a wide variety of work To paint To dig ditches To teach ETC Tennessee Valley Authority TVA o Built dams Other Important New Deal Programs Securities Exchange Commission SEC o Regulating the stock market Social Security Act Wagner Act of 1935 and the NLRB o Pro labor bill o The act makes it illegal for employers to prevent the workers from unionizing Backlash against the New Deal Conservative businessmen New Deal too radical Radicals New Deal too conservative Others a mix of criticisms o Townsend Clubs o Huey Long and Father Charles Coughlin Why were they popular What was the appeal
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