Franklin Roosevelt

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• Franklin Roosevelts New Deal
• a. Political career governor of New York
• during the early years of the Depression
• b. Political philosophy government had to
• help. Economic policy of pump priming would
  be used
• c. The Hundred Days
• 1. immediately closed banks to insure
• deposits
• 2. reopened sound banks
• 3. paid farmers to reduce their crop
• production
• 4. encouraged fair pricing, hours and wages

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New Profits New Jobs Plant Expansion New
Investment Increased Demand New Money in
Circulation Relief payments temporary jobs on
Govt Projects
PUMP-PRIMING
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The New Deals 3 Rs Relief, Recovery and
Reform Relief Immediate action to halt the
economys Deterioration Recovery
Pump-Priming Temporary Programs to restart
the flow of consumer demand Reform Permanent
Programs to avoid Situations causing
contractions and insurance for Citizens against
economic disasters See chart
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Roosevelt and the Supreme Court 1. Two acts
declared unconstitutional National Recovery
Administration Agricultural Adjustment Act
(1933) The Schetcher Poultry Corp. v
U.S. said that Congress had stretched its
power over interstate commerce. 2.
Roosevelts response Court Packing
Plan Wanted to add six additional judges to
the Supreme Court. Congress did not back
idea.
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Politics of the 1930s 1. Changing the
Democratic Party - appeal in South broadened
to include a. Industrial workers b.
Immigrants c. Blacks d. Ethnic
Americans e. Liberals 2. Breaking the two
term tradition Roosevelt was elected in
1932, 1936, 1940 and 1944. This will lead to
the 20th Amendment in 1951.
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Critics of the New Deal 1. Socialist Party -
Norman Thomas - too timid about government
acts to help the working class 2. Dr. Francis
Townsend Old Folks Crusade 200 a month
pension system 3. Huey Long Share Our
Wealth - guarantee everyone a home, a minimum
of 2,500 income, a free college education and a
pension. Get money by taxing the rich 4. Fr.
Charles Coughlin Radio Priest was a critic
of both Hoover and Roosevelt