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Old 17-08-07, 07:31 PM   #19
multi
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Default Some of the credit should be given to FDR

First New Deal, 1933–1934

Roosevelt's "First 100 Days" concentrated on the first part of his strategy: immediate relief. From March 9 to June 16, 1933, he sent Congress a record number of bills, all of which passed easily. To propose programs, Roosevelt relied on leading Senators such as George Norris, Robert F. Wagner and Hugo Black, as well as his own Brain Trust of academic advisers. Like Hoover, he saw the Depression as partly a matter of confidence, caused in part by people no longer spending or investing because they were afraid to do so. He therefore set out to restore confidence through a series of dramatic gestures.

FDR's natural air of confidence and optimism did much to reassure the nation. His inauguration on March 4, 1933 occurred in the middle of a bank panic, hence the backdrop for his famous words: "The only thing we have to fear is fear itself."[16] The very next day he declared a "bank holiday" and announced a plan to allow banks to reopen. However, the number of banks that opened their doors after the "holiday" was less than the number that had been open before.[17] This was his first proposed step to recovery.
Dorothea Lange's Migrant Mother depicts destitute pea pickers during the depression in California, centering on Florence Owens Thompson, a mother of seven children, age 32, March 1936.
Dorothea Lange's Migrant Mother depicts destitute pea pickers during the depression in California, centering on Florence Owens Thompson, a mother of seven children, age 32, March 1936.

* Relief measures included the continuation of Hoover's major relief program for the unemployed under the new name, Federal Emergency Relief Administration. The most popular of all New Deal agencies, and Roosevelt's favorite, was the Civilian Conservation Corps (CCC), which hired 250,000 unemployed young men to work on rural local projects. Congress also gave the Federal Trade Commission broad new regulatory powers and provided mortgage relief to millions of farmers and homeowners. Roosevelt expanded a Hoover agency, the Reconstruction Finance Corporation, making it a major source of financing to railroads and industry. Roosevelt made agriculture relief a high priority and set up the first Agricultural Adjustment Administration (AAA). The AAA tried to force higher prices for commodities by paying farmers to take land out of crops and to cut herds.

* Reform of the economy was the goal of the National Industrial Recovery Act (NIRA) of 1933. It tried to end cutthroat competition by forcing industries to come up with codes that established the rules of operation for all firms within specific industries, such as minimum prices, agreements not to compete, and production restrictions. Industry leaders negotiated the codes which were then approved by NIRA officials. Industry needed to raise wages as a condition for approval. Provisions encouraged unions and suspended anti-trust laws. The NIRA was found to be unconstitutional by unanimous decision of the U.S. Supreme Court on May 27, 1935. Roosevelt opposed the decision, saying "The fundamental purposes and principles of the NIRA are sound. To abandon them is unthinkable. It would spell the return to industrial and labor chaos."[18] In 1933, major new banking regulations were passed. In 1934, the Securities and Exchange Commission was created to regulate Wall Street, with 1932 campaign fundraiser Joseph P. Kennedy in charge.

* Recovery was pursued through "pump-priming" (that is, federal spending). The NIRA included $3.3 billion of spending through the Public Works Administration to stimulate the economy, which was to be handled by Interior Secretary Harold Ickes. Roosevelt worked with Republican Senator George Norris to create the largest government-owned industrial enterprise in American history, the Tennessee Valley Authority (TVA), which built dams and power stations, controlled floods, and modernized agriculture and home conditions in the poverty-stricken Tennessee Valley. The repeal of prohibition also brought in new tax revenues and helped him keep a major campaign promise.

Roosevelt tried to keep his campaign promise by cutting the regular federal budget, including 40% cuts to veterans' benefits and cuts in overall military spending. He removed 500,000 veterans and widows from the pension rolls and slashed benefits for the remainder. Protests erupted, led by the Veterans of Foreign Wars. Roosevelt held his ground, but when the angry veterans formed a coalition with Senator Huey Long and passed a huge bonus bill over his veto, he was defeated. He succeeded in cutting federal salaries and the military and naval budgets. He reduced spending on research and education—there was no New Deal for science until World War II began.

Roosevelt also kept his promise to push for repeal of Prohibition. In April 1933, he issued an Executive Order redefining 3.2% alcohol as the maximum allowed. That order was followed up by Congressional action in the drafting and passage of the 21st Amendment later that year.
http://en.wikipedia.org/wiki/Frankli...3.E2.80.931934


Oh yeh ..the topic

The two dozen crooks that tried to pull off this coup against FDR were allowed to freely devise the corrupt system of government that run the country now.

Quote:
The shocking results of the investigation were promptly scotched and stashed in the National Archives. While the coup attempt was reported at the time in a few newspapers, including The New York Times, the story disappeared from public memory shortly after the Congressional findings were made available to president Roosevelt.
how the fuck did that get to happen?
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