Franklin D. Roosevelt and the Liberal Response
Read in Chapter 26 - broker state, AAA, NRA, TVA, Frances Perkins, John L. Lewis
- FDR as Wilsonian Progressive - League of Nations
- FDR as NY Governor - TERA provided direct relief
- importance of strong leadership in times of crisis, despite polio
- Franklin Delano Roosevelt Memorial in Washington DC
- trial and error, pragmatic, experimental approach
- Brains Trust to help win 1932 election - Moley, Tugwell, Berle, Rosenman
- Ray Moley wrote speech Apr. 7, 1932, emphasized government help to the "forgotten man at the bottom of the economic pyramid" - trickle up rather than trickle down
- planning, pump priming, public works, yardstick idea, Democratic party as a coalition of interest groups, government to restore balance, New Deal agencies to be funded by an "emergency" budget (known later as Keynesian deficit spending)
- the broker state - "one of the enduring legacies of the New Deal was to make the federal government a protector of interest groups and a supervisor of the competition among them." - mediated between power of corporations and needs of farmers, homeowners, unemployed, elderly, labor unions - but not African Americans, Native Americans, women
- March 4 Inauguration (20th amend. ratif. 1933/01/23 made it Jan. 20)
- March 5 called for special session of the 73rd Congress - 100 Days 3/9 to 6/16
- March 6 Bank Holiday - 3/6 to 3/10
- March 9 Emergency Banking Relief Act introduced, passed, signed in the same day
- March 12 Fireside Chat on radio
- March 13 William Woodin helped 5000 banks reopen by 3/16
- New Deal goals of relief, recovery, reform
revised 4/5/02 by Schoenherr | Depression links | Responses | New Deal