1932 presidential-. campaign
Dominated by FDR: Depression really the only issue
FDR outlines plans for New deal (worked with economists, planners, etc.)
FDR (activist govt.) v. Hoover (laissez-faire approach - "prosperity near")
First "100 Days" of FDR administration: sweeping legislation to directly address problems of American economy
New Deal - Key points
public works programs very important: provided jobs, public service: ex. WPA
banking regulation: Emergency Act of ‘33, FDIC created - US off gold standard
rural assistance: help to modernize, assist and support rural Americans: ex. TVA,
labor: Wagner Act, 1935: support to unions, Fair Labor Standards Act
also important: Social Security Act, SEC created, CCC, REA
New Deal: controversies
Nat. Recovery Administration (1935) - decl. unconstitutional by supreme court
Reforming system or creating an entirely new (socialist) one-"Sovietization" of US?
court-packing scheme: FDR attempts to create supreme court in his image
critic of left: Huey P. Long & "share the wealth"