I) Introduction: 1929
Introduction: 1929
Prosperity and Optimism
The Stock Market Crash
The Great Depression
The Economy in Free-Fall
The Sources of Disaster
Weak banking system
Unequal distribution of wealth and income
The timing of the downturn
Economic orthodoxies
Portraits in Gray
Uneven impact
The under- and unemployed
Farmers
The Dust Bowl
Causes
Consequences
The Middle and Upper Classes
Declining standard of living for many
Taking advantage of the downturn
Herbert Hoover: The Engineer as President
Response to the Depression
Intervention by persuasion
Embrace of an old orthodoxy
Rejection of federal relief for the unemployed
Declining Popularity
The Bonus Army
The Election of 1932
Rejection of Hoover
Rejection of Progressive approach to reform
Franklin D. Roosevelt: The First Term
FDR: The Politician
Biography
Political style and philosophy
Personality and temperament
The First Hundred Days
Inaugural address
Initial steps
addressing the banking crisis
Economy Act
ending Prohibition
Agricultural Adjustment Act (AAA)
Tennessee Valley Authority (TVA)
Banking regulations
refinancing mortgages
Federal Deposit Insurance Corporation (FDIC)
Glass-Steagall Act
Aiding the unemployed
Civilian Conservation Corps (CCC)
Federal Emergency Relief Administration (FERA)
National Industrial Recovery Act
provisions
political compromise
Ending the gold standard
The First Two Years
Assessing the First Hundred Days
Agricultural Adjustment Act (AAA)
National Recovery Administration (NRA)
Growing criticism of the New Deal
conservatives and the American Liberty League
progressives
Elections of 1934
Democratic gains in Congress
Upton Sinclair and End Poverty in California (EPIC)
Stirrings on the Left
Socialists
Communists
strikes of 1934
Father Charles Coughlin
Dr. Francis Townsend
Huey Long
public opinion shifts left
The Second Hundred Days
Schechter Poultry v. the U.S.
Aid for the jobless
inadequacy of early initiatives
Works Projects Administration (WPA)
Wagner Act
Social Security Act
unemployment insurance
pensions for the elderly
relief to mothers of dependent children
Rural electrification
Rural Electrification Administration
major dam projects
The Election of 1936
FDR’s campaign strategy
FDR’s landslide victory
Reshaping the nation’s political landscape
Labor Rising
The emergence of the Congress of Industrial Organizations (CIO)
the limitations of craft unions
John Lewis’s vision
Initial victory
targeting General Motors
the sit-down strike
public sympathy
The movement spreads
measures of success
reasons for success
Roosevelt’s Second Term
Taking Aim at the Supreme Court
The Court’s threat to the New Deal
FDR’s Court-packing scheme
Reaction
The Court’s shift
The Ebbing of Reform
Emergence of conservative opposition in Congress
Southern Democrats and New Deal policies on race
Midterm elections of 1938
Economic downturn of 1937
The Keynesian diagnosis
The Social Fabric
Demographics
Declining birth rate
Declining death rate
Immigration slowdown
Higher rates of education
Cultural Trends
Advances in Science and Technology
Cyclotrons
Commercial aviation
Ground transportation
Agriculture
Muddling Through
Achievements of the New Deal
Role of the federal government
New constituencies
The social compact
Limitations of the New Deal
Race
Distribution of economic power
Charting a "Middle Course"