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S2E11 - Great Depression and New Deals
Episode 11 β€’ 1st August 2025 β€’ Star-Spangled Studies β€’ Dr. G.
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Speaker:

Hello y'all.

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It's me.

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It's me.

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It's Dr.

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G.

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And welcome back to Star Spangled Studies.

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In our last episode, we checked out

the:

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twenties, the decade of innovation

and prosperity, but also a decade that

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seethed with a lot of underlying tension.

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An era that would in spectacular

fashion crash deeply in giving us the

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biggest economic despair in American

history, the Great depression,

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and the bold and controversial and

transformative response of the New Deal.

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So let's go.

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The dawn of the 1920s found the

United States in a peculiar state.

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The nation was emerging from the shadow

of the Great war, A conflict that our

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textbook in chapter 22 highlighted,

and it left it grappling with the

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quote, the shock of World War I,

the explosion of racial violence and

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political repression in 1919, and.

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Bolstered by the Bolshevik

Revolution in Russia, a red

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scare compounding this unease.

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The devastating influenza pandemic

of:

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700,000 Americans leaving an

indelible mark of loss and anxiety.

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Waves of labor strikes in even

anarchist bomb plots further unsettled

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the populace yearning for stability.

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This Desire for calm was a direct

response to decades of profound upheaval.

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The unfulfilled promises of reconstruction

and the Gilded Age cast a long shadow,

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particularly in southern states where

economic vulnerability and entrenched

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racial hierarchies persistent.

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The failure to secure lasting

equality for African Americans

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during that period directly shaped

the racial landscape of the:

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And this subsequent New Deal era with what

our textbook noted that many Americans

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quote, revived with millions of new

members, the Ku Klux Klan end quote.

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Simultaneously, the gilded ages rapid

industrialization had birthed immense

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fortunes, but also stark in inequalities.

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Teaming urban centers grappling

with new social problems and fierce

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conflicts between capital and labor.

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These preexisting fault

lines, racial injustice.

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Economic disparity and social tensions

were the very ground upon which the

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glittering prosperity of the 1920s was

constructed, and ultimately the ground

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that would give way to its collapse.

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If you recall the administrations of

Warren g Harding and his successor,

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Calvin Coolidge firmly steered the

nation towards a pro-business agenda.

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Coolidge famously declared, quote,

the chief business of the American

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people is business End quote.

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This wasn't merely an

endorsement of commerce.

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It was a guiding philosophy that

championed minimal government and

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intervention and prioritized economic

growth above nearly all else.

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Politics, like significant tax cuts

often refer to as the Mellon plan, aim

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to reduce the burden on corporations and

the wealthy, with the belief that this

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would stimulate investment and prosperity.

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High protective tariffs were enacted

to shield American industries from

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foreign competition and a general

trend towards deregulation took hold.

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This era witnessed the

blossoming of the mass consumer

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culture we talked about last.

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Episode a phenomenon intrinsically

linked to the industrial capacity.

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Built in the preceding decades, new

technologies flooded the market,

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automobiles, radios, as well as a host

of household appliances promising to

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transform American life as one farm

wife succinctly put it, when asked

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why her family bought a car before.

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Indoor plumbing, like

I said, last episode.

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Why you can't go to town in a bathtub.

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The automobile in particular

became the symbol of freedom and

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aspiration and fueling all of

this was the advertising industry.

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Ads created the first we need to have

this now and we cannot wait, sort of

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mentality in the consumer culture and

crucially then this became a consumer's

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paradise, but it was accessed then

through expansion of consumer credit.

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If you need to have it now

and you don't have the money.

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You gotta pay with credit.

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The buy now pay later became

the middle class mantra by:

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As I had mentioned last episode, a

staggering 75% of cars were purchased on

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credit, as well as a similar percentage

of radios and furniture followed suit.

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This.

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Coolidge prosperity, as it was known,

was for many a tangible reality in

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rising wages as well as accessible goods.

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Yet this prosperity, while

dazzling on the surface, concealed

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growing economic vulnerabilities.

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The heavy reliance on consumer credit and

installment plans created a prosperity

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that was built on debt, making the

economy exceptionally sensitive to

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any shocks in consumer confidence.

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Or credit availability.

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While wages did rise for some,

they often didn't keep pace with

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the desire for new goods, further

fueling the need for more credit.

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I.

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Thanks advertisers.

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Simultaneously, the pro-business

environment and the strategies like

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welfare, capitalism, where companies

offered benefits to discourage

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unionization, like we saw with Ford, led

to a decline in the power of labor unions.

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This suppression of organized

labor may have kept wedge wages

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from rising more broadly, thus

increasing the dependence on credit.

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To participate in the consumer boom.

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The keeping up with the Joneses

became harder and harder.

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Therefore, the glittering prosperity

of the roaring twenties was built

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off somewhat precarious foundation,

widespread debt and the unequal

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distribution of its benefits, leaving

the economy highly susceptible to a

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downturn, and boy did a downturn show up.

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The very industrial production

capacity honed in the Gilded Age now

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churned out goods at an incredibly.

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Debt leverage population and was

urged to consume through advertising,

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but they had to do so without the

broad based purchasing power or the

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robust safety nets to sustain this

model through a significant crisis.

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The roaring twenties with all its

exuberance and excesses came to a

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screeching halt on October 29th, 1929,

a day forever, seared in American memory

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as Black Tuesday, the stock market, which

had climbed two dizzying heights, fueled

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by rampant speculation and easy credit.

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Collapsed as our textbook vividly

describes quote, stock values evaporated.

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Shares of US Steel

dropped from $262 to $22.

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General motor stock fell from $73 a share

to $8 four fifths of John d Rockefeller's

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Fortune the greatest in American history.

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Vanished end quote.

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But the crash itself was more

a symptom than the sole cause

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of the Great Depression.

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Several underlying weaknesses had been

developing throughout the twenties.

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As we had talked about wealth inequality.

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It was stark.

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While per capita income rose,

the wealthiest 1% saw their

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income skyrocket by 75%.

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Benefiting from the conservative tax

policies and easy credit, that channel

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money into speculative investments.

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Rather than a broader economic

foundations domestic demand for durable

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goods like automobiles and radios,

which had fueled much of the decades,

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growth was beginning to saturate.

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By the late 1920s, you really

only needed one radio, and at this

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time, most people only had one car.

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When these products failed to

sell, continuously growing upwards,

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inventories piled up, leading to

production, cutoffs and layoffs.

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In factories further shrinking

consumer purchasing power.

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This all happened before the crash.

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The agricultural sector had actually

been in a state of depression for much

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of the 1920s, not getting into the

boom, as the urban areas tended to

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post-war recovery in Europe, reduced

demand for American farm products and

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domestic overproduction coupled with

widespread soil exhaustion led to falling

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prices and mounting farm foreclosures.

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This rural collapse acted as a

significant drag on the national economy.

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Through the 1920s, you can think of

it this way, a kind of canary in the

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coal mine, and it largely went unheated

by policy makers who were mesmerized

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by industry and financial growth.

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The agricultural crisis was a long

standing, unaddressed problem that

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significantly amplify the impact of the

financial crash when it finally came.

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Internationally.

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President Herbert Hoover signed the

Smoot Harley Tariff in:

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to protect American industries, and

it backfired spectacularly Other

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nations retaliated with their own

tariffs causing international trade.

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To plummet from 36 billion in 1929

billion in:

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This economic nationalism of

tariff battles choked the global

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market at a time when they were

most needed to be cooperating.

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Finally, the human element of

the panic played a critical role

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as fear of a depression spread.

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People rushed to withdraw

their money from banks.

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The Federal Reserve in an attempt to

curb speculation, had raised interest

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rates and tighten credit, which

inadvertently put more pressure on

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banks that were already struggling.

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Bank runs became common, and

th thousands of banks failed.

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The banks went bankrupt and it

wiped out the savings of millions.

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If the bank is bankrupt and can't give

you your money, you don't have any money.

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In 1930 alone, 1,352

banks closed their doors.

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By 1932, that number had

risen to nearly:

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This cascade of failures demonstrated

the profound fragility of a

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financial system built on speculation

and insufficient regulation.

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The devastating consequences of

policies intended to be protectionists.

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In an increasingly

interconnected global economy,

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as the nation spiraled into

economic despair, president Herbert

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Hoover found himself at the helm.

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His philosophy was deeply rooted in

what he termed American individualism.

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And a belief in volunteerism.

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And this shaped his administration's

response to the greatest

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depression we had ever seen.

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In a 1932 speech, as the crisis

deepened and the presidential election,

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loomed Hoover warned against the

proposals of his opponent, Franklin

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d Roosevelt stating quote, I.

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This campaign is more than

a contest between two men.

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It is a contest between two

philosophies of government.

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Opponents are proposing changes

in so-called new deals, which

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would destroy the very foundations

of our American system.

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End quote.

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This captures his ideological

resistance to the kind of large

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scale federal intervention that

many were beginning to demand as

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the depression continued to worsen.

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Initially, Hoover relied on appeals

to private charity and urged

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local and state governments to

take the lead in relief efforts.

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He established one of the most tone

deaf presidential organization names

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the president's organization of UN

on Unemployment Relief, POUR, poor.

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Most people are poor, POOR.

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Terrible job.

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But he established this to coordinate

these voluntary efforts, but private

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charities were quickly overwhelmed

by the sheer scale of the suffering.

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Even as bankers and businessmen urged

more direct federal action, Hoover

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remained hesitant, famously stating in

:

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of a world economic depression End quote.

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His administration did

eventually take some steps.

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The Reconstruction Finance

Corporation, the RFC, which was

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created in 1932, was authorized to

provide emergency loans to banks and

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railroads and other large businesses.

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While this represented a significant

use of direct government aid, it

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was criticized by figures like.

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Congressman Fiorello LaGuardia as a quote,

millionaire's dole because it appeared to

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prioritize financial institutions giving

them money, bailing them out instead

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of the direct needs of the millions

of struggling citizens in the country.

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Some public projects like the Hoover

Dam, though its primary purpose,

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wasn't initially depression relief.

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It became a symbol of such efforts, and

it was also undertaken under Hoovers.

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Presidency.

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Hoover's responses, however, were

fundamentally constrained by his

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deep-seated belief in limited

government and individual self-reliance.

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These ideals traditionally celebrated

in America, proved tragically inadequate

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for the unprecedented systemic crisis

of the Great depression itself.

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Americans.

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Weren't having any of it.

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His associational, a concept he championed

as Secretary of Commerce, which encouraged

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voluntary cooperation between government

and business, lacked the coercive power

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needed to combat the economic free fall.

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Hoover's presidency, thus became a

poignant illustration of the clash

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between cherished American ideals

and the harsh new realities of a

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modern industrial economy in crisis

revealing the profound limitation.

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Of those older ideals.

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The Great Depression was not

an abstract economic event.

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It was a period of profound

human suffering that reshaped the

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lives of millions of Americans.

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Unemployment skyrocketed,

reaching nearly 25%.

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By 1933, higher among African

Americans was closer to 50%

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unemployed, and many more people were.

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Underemployed poverty became a grim

reality for vast swaths of the population.

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Shanty towns mushroomed, and they

were derisively called Hoovervilles,

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and they sprang up on the outskirts

of cities and in public parks.

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They were makeshift shelters for

the homeless and the destitute.

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Added to all of this was the

environmental catastrophe of the

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dust pole in the Great Plains, which

compounded this economic misery, years

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of unsustainable farming practices.

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Encouraged by the earlier push of westward

expansion and agricultural mechanization

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combined with a severe drought turned

fertile farmlands into a barren wasteland.

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Dust storms choked the sky and

they buried homes in black clouds.

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Anne-Marie Lowe in her dust bowl diary

captures the desolation quote, life

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in what the newspapers call the dust

bowl is becoming a gritty nightmare.

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End quote.

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Lawrence Fida, a Kansas farmer

chronicled his own desperate

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struggle against the elements.

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Quote, fighting in the frontline

trenches, putting in crop after crop

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year after year, only to see each crop

in turn destroyed by the elements.

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This crisis was in many ways,

a manmade disaster amplified by

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nature, revealing the ecological and

social vulnerabilities created by

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unchecked agricultural expansion.

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This dual crisis of economic

depression and ecological devastation

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spurred a massive wave of migration.

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Families often referred to as oakies,

even though they came from states

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beyond Oklahoma and included places

like Arkansas, Missouri, and Texas,

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they had lost their farms and they

headed west primarily to California

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in search of work in a new life.

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Their journey was immortalized in John

Steinbeck's:

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wr, and it became a powerful symbol

of the depression's human cost and

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the shattering of the American dream.

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For many Steinbeck had this

to say about his effort.

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Quote, I've done my damnest to

rip the reader's nerves to rags.

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And indeed the novel provoked intense

contemporary reactions, both praise

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for its empathy and condemnation for

its stark betrayal of the suffering.

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The poem, I'd Rather Not Be on

Relief by Lester Hunter himself.

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A Dust Bowl migrant gives voice to the

pride and desperation of these displaced

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workers, and he wrote this quote, we have

to live in lean tos or else we live in a

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tent for when we buy our bread and beans.

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There's nothing left for rent.

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End quote.

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Yet, despite such hardship,

hunter's poem also reflects a

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strong sense for self-sufficiency.

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Quote.

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I'd rather not be on the rolls

of relief or work on the WPA.

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We'd rather work for the farmer if the

farmer could raise the pay end quote.

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Bertha McCall of the National Traveler's

Aid Association testified before

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Congress in 1940 about these moving

people, as she called them, noting that.

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Contrary to popular belief, they were

not simply quote bums and hobos, but

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often quote, enterprising and energetic

individuals and families who had

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been displaced by economic necessity.

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Their plight underscored the systemic

nature of the crisis in the inadequacy

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of existing supports systems.

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Now, the summer of 1932

witnessed a particularly grim

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chapter in Hoover's presidency.

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The Bonus Army incident over 15,000

unemployed World War I veterans.

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Many of them with their families

converged on Washington dc.

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They were petitioning for the early

payment of a bonus promised to them for

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their wartime service in World War I.

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A bonus that was not due to

be given to them until:

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But given the dire economics of

the time, this bonus represented

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for many, the only lifeline.

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They established a large hooverville in

Anacostia flats and called themselves

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the bonus expeditionary force.

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They marched, they demonstrated, and

they voiced their frustration in one

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common complaint being quote, while

there were billions for bankers, there

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was nothing for the poor end quote.

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President Hoover concerned about

the federal budget opposed the

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bill for immediate payment, and the

Senate ultimately voted it down.

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While many veterans dispersed a

significant number remained Hoover

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labeled them insurrectionists

and ordered their removal.

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The task fell to General Douglas

MacArthur, who accompanied by Major

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Dwight d Eisenhower and Major George S.

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Patton, led an army detachment

including infantry, cavalry, and tanks

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against the veteran's encampment.

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The result was a shocking spectacle.

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As our textbook describes it,

troops chased men and women tear gas

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children and torched the shanty town.

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Two marchers were shot and

killed, and an infant reportedly

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died from exposure to tear gas.

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The national media broadcast, the

images and accounts of this violent

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dispersal, and the American public

was appalled the site of the US Army

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attacking its own unarmed veterans, men

who had served heroically in World War.

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I was a profound shock to the nation.

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It starkly contrasted with the

patriotic fervor the government

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had cultivated during the war with

campaigns like the Liberty Bonds that

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called upon citizens for sacrifice.

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The bonus Army incident became

a potent symbol of the Hoover

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Administration's perceived insensitivity

and inability to connect with the

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suffering of ordinary Americans.

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And how could he?

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He was a millionaire in his own right.

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It was a public relations catastrophe that

further discredited traditional responses

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to the social unrest and dramatically

amplified the public's yearning for a

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new deal, one that would prioritize the

welfare of its citizens over millionaires.

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Like Hoover,

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the election of 1932, then was a.

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Watershed moment.

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Franklin Delano Roosevelt, the Democratic

governor of New York, promised a new

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deal for the American people and he won

a landslide victory over Herbert Hoover.

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This was a clear mandate

for decisive action.

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Upon taking office in March

of:

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confronted the banking crisis.

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He declared a national bank

holiday, closing all banks to halt

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the run on banks and allowed for

assessment and reorganization.

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This was the first major step in what had

become known as the first a hundred days,

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a period of intense legislative activity

that laid the groundwork for the new deal.

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Central to Roosevelt's approach was

his ability to communicate directly

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with the American people through

his fireside chats on the radio.

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These informal addresses explain complex

policies in simple reassuring terms,

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helping to restore public confidence.

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After his first fireside chat in March

of 19 33, 1 listener wrote, I felt

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that he walked into my house, sat down

and in plain and forceful language,

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explained to me how he was tackling the

job I and my fellow citizens gave him.

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End quote.

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Another listener from Minneapolis

wrote, quote, I have regained faith in

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the banks due to your earnest beliefs.

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I had decided that as soon as the

banks in Minneapolis reopened,

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I would withdraw my money.

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When you said that people's money

would be safer in banks than under

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their mattresses, I decided to

leave my money just where it is.

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End quote.

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His May 7th, 1933 Fireside chat further

outlined the new deals aims, discussing

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initiatives like the civilian Conservation

Corps, mortgage relief for farmers

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and homeowners, and the forthcoming

National Industrial Recovery Act.

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Always emphasizing a partnership between

the government and the citizenry.

345

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The first new deal unleashed a

fury and flurry of alphabet soup

346

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agencies, the Agricultural Adjustment

Act, the A a A aimed to raise

347

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farm prices by paying farmers to

reduce production of certain crops.

348

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While it did increase pro crop prices,

it was criticized for its impact on

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sharecroppers and tenant farmers,

many of whom were displaced when

350

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landowners took land out of cultivation.

351

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The National Industrial Recovery

Act created the National Recovery

352

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Administration, which sought to

stabilize industry through codes of

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fair competition, setting minimum wages

and maximum hours, and importantly,

354

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guaranteeing workers' rights to

organize under Section seven A.

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Businesses displayed the Blue Eagle

to show compliance, but the NRA faced

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criticism for being overly bureaucratic

and sometimes favoring large corporations.

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The Civilian Conservation Corps,

the CCC provided jobs for young

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unemployed men in conservation

projects like reforestation, soil

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erosion control, and park development.

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In a 1935, message to Congress.

361

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Roosevelt emphasized its value, quote,

more important than the material gain.

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It is the improvement we find in moral

and physical wellbeing of our citizens

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who have been enrolled in the core oral

histories from CCC workers like Ashton

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Burris from Camp Roosevelt recalled the

work quote, the first work I'd done was

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help cut the right of way for that road.

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James Cree, another enrollee,

described the structured daily life.

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Get up at a certain time.

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Went to eat at a certain time.

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Everything was pretty much on schedule.

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End quote.

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Another was the Tennessee

Valley Authority, the TVA.

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It was a bold experiment in regional

development aimed at controlling

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floods, improved navigation, and

generate hydroelectric power for the

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impoverished Tennessee Valley region.

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Financial reforms were

also key to this new deal.

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The Glass Stegel Act created the

Federal Deposit Insurance Corporation,

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the FDIC, to ensure bank deposits

restoring faith in the banking system.

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Well go to a bank today.

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You'll see a sign that says FDIC, the

Securities and Exchange Commission.

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The SEC was established to regulate

the stock market and prevent

381

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the abuses that contributed to

the crash in the first place.

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The first new deal was largely

experimental, a series of pragmatic

383

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responses to an unprecedented crisis.

384

:

It marked a significant expansion

of federal power and responsibility.

385

:

I.

386

:

However, these early programs had

often contradictory outcomes and did

387

:

not fundamentally dismantle existing

power structures, particularly

388

:

those related to race and class.

389

:

For instance, the AAA's benefits

often flow to landowners rather

390

:

than the sharecroppers and tenants

farmers themselves who worked the

391

:

land disproportionately harming

African American agricultural workers.

392

:

Nras code sometimes sanctioned

lower pay scales for black workers

393

:

and CCC camps were segregated.

394

:

This, while the first new deal

provided crucial relief and began to

395

:

restore the national confidence, its

implementation was frequently filtered

396

:

through and sometimes reinforced

existing societal inequalities.

397

:

These actions may be

better labeled inactions.

398

:

Where often the result of political

compromise is necessary to pass the

399

:

sweeping legislation, particularly to

appease those powerful Southern Democrats.

400

:

Now, despite all the bold initiatives,

the New Deal quickly drew criticism from

401

:

both the left and the right, reflecting

the deep ideological divisions that

402

:

were gripping the nation from the left.

403

:

Critics argued Roosevelt wasn't

going far enough for everybody.

404

:

I.

405

:

Senator Huey p.

406

:

Long of Louisiana the flamboyant

Kingfish captivated many with

407

:

his share our wealth program.

408

:

He proposed a radical wealth

redistribution famously to quote,

409

:

clearing quote, every family to

be furnished by the government.

410

:

A homestead allowance, no family's

annual income would be less than

411

:

2000 to $2,500 long advocated for.

412

:

Capping personal fortunes and

providing pensions and free education

413

:

financed by taxing the rich.

414

:

His populist appeal was undeniable,

though he was assassinated in

415

:

1935 before he could mount a

serious presidential challenge.

416

:

Another powerful voice from the

left was Father Charles Coughlin, a

417

:

Catholic priest from Detroit, whose

radio sermons reached millions.

418

:

Initially, a supporter who coined

the phrase Roosevelt or ruin.

419

:

Coughlin, grew, disillusioned.

420

:

He attacked Roosevelt for his

quote, not being tough enough on

421

:

the money changers in bankers.

422

:

And in 1936 speech, he lamented quote,

Roosevelt or Ruin is the order of

423

:

the day because the money changers

have not been driven from the temple.

424

:

End quote.

425

:

Coughlin advocated for monetary

reforms like the nationalization of

426

:

bank and the free coinage of silver.

427

:

His messages increasingly became tinged

with antisemitism and fascist sympathies,

428

:

and by the end of the decade, he had

swung completely to the right, eventually

429

:

leading to his silencing by the church.

430

:

From the right wing of things.

431

:

The American Liberty League

formed in:

432

:

business leaders and disaffected

Democrats like Al Smith and John W.

433

:

Davis mounted a fierce opposition.

434

:

They condemned the new deal as

an assault on individual liberty,

435

:

an assault on free enterprise,

and on the Constitution itself.

436

:

In their pamphlets and speeches,

they branded programs like the

437

:

A A A As, quote, A trend towards

fascist control of agriculture.

438

:

And they argued that the Social

Security Act would quote Mark the end

439

:

of democracy 1 19 36 League pamphlet.

440

:

The New Deal versus Democracy declared

that quote, the New deal has sought to

441

:

destroy the American system of government,

composed of three coordinate branches, and

442

:

to upset the dual sovereignty as between

state and nation, which the Constitution

443

:

provides these diverse criticisms,

underscore the profound ideological

444

:

battle wage during the New deal.

445

:

Roosevelt, how to navigate a treacherous

political landscape caught between

446

:

those demanding more radical change

and those fearing he was dismantling

447

:

American capitalism and liberty.

448

:

The New Deal, therefore, was not merely

a collection of government programs.

449

:

It was the crucible in which

competing visions for America's

450

:

future were fiercely debated.

451

:

Forcing a national reckoning with the

social contract in an industrial democracy

452

:

facing ongoing economic hardship

and spurred by these critiques.

453

:

Roosevelt launched a new wave

of legislation in:

454

:

referred to as the second new deal.

455

:

This phase aimed at more fundamental

long-term reforms as well as

456

:

a broader social safety net.

457

:

The cornerstone of the second new deal

was the Works Progress Administration,

458

:

the WPA, and it was established in 1935.

459

:

The WPA became the nation's largest

employer putting millions to work on

460

:

a vast array of public work projects,

including the constructions of roads,

461

:

bridges, public buildings, and parks.

462

:

It also famously included arts programs

like the Federal Writers Project.

463

:

Federal Theater Project and the

Federal Art Project, which provided

464

:

employment for artists, writers and

performers, and created actually a

465

:

rich cultural legacy while lauded

for providing crucial employment.

466

:

By 1943 had employed 8.5

467

:

million people.

468

:

The WPA also faced criticism for

alleged boondoggling and inefficiency.

469

:

While some projects reportedly

cost significantly more than

470

:

private sector equivalents.

471

:

Perhaps the most enduring legacy

of the second new deal is the

472

:

Social Security Act of 1935.

473

:

This landmark legislation established a

system of old age pensions, unemployment,

474

:

insurance, and aid to dependent children,

and the disabled funded through payroll

475

:

taxes on employees and employers.

476

:

It created a crucial safety

net for millions of Americans.

477

:

However, its passage was not

without controversy then or now.

478

:

Contemporary debates at the time

highlighted its limitations, particularly

479

:

the exclusion of agricultural and domestic

workers from its initial provisions,

480

:

a decision that disproportionately

affected African Americans and many

481

:

women reflecting the political compromise

is necessary for its enactment.

482

:

Labor also received a significant

boost with the passage of the NA

483

:

National Labor Relations Act of 1935,

commonly known as the Wagner Act.

484

:

This act affirmed the right of workers

to organize unions and engage in

485

:

collective bargaining and establish

the National Labor Relations Board

486

:

to oversee union elections and

investigate unfair labor practices.

487

:

President Roosevelt in signing this

act stated quote, A better relationship

488

:

between labor and management is

the high purpose of this act.

489

:

The Wagner Act led to a surge in union

membership, empowering workers in a

490

:

way unseen since the Gilded Age, I.

491

:

And finally, the Labor, the Fair Labor

Standards Act of:

492

:

national minimum wage set, maximum

working hours, and significantly

493

:

abolished oppressive child labor.

494

:

This act aimed to create a

baseline of decent working

495

:

conditions across the nation.

496

:

The second new deal represented a more

structured and arguably more radical phase

497

:

of Roosevelt's response to the depression.

498

:

It fundamentally reshaped the

relationship between American

499

:

government and its citizens.

500

:

Established a lasting federal

response for social welfare and

501

:

significantly strengthened the

position of organized labor.

502

:

Yet these transformative achievements

were still products of their time

503

:

marked by political compromises

that often perpetuated existing

504

:

inequalities, particularly along

lines of race and gender as we'll.

505

:

Explore next.

506

:

The new deal's impact was far from

uniform across the diverse tapestry

507

:

of American society from the South.

508

:

Programs like the Agricultural Adjustment

Administration left a mixed legacy while

509

:

aiming to stabilize agricultural prices.

510

:

AAA policies often benefited landowners

at the expense of the sharecroppers

511

:

and tenant farmers, as I mentioned

earlier, and a significant number

512

:

of those were African Americans.

513

:

As one analysis pointed out, landowners

can make more money leaving land

514

:

until leading to the eviction of over

black farmers in:

515

:

alone, the Tennessee Valley Authority.

516

:

However, the.

517

:

Brought much needed modernization,

electricity and flood control

518

:

to a vast impoverished region,

transforming its landscape and economy.

519

:

Yet even with these interventions,

deep seated poverty and racial

520

:

hierarchy, persistent in the south.

521

:

For the African Americans nationwide.

522

:

The New Deal offered both opportunity

but also profound disappointments.

523

:

Discrimination was rampant in

many of these government programs.

524

:

The CCC camps were segregated.

525

:

NRA codes sometimes permitted lower pay

for black workers for the same jobs.

526

:

And the Federal housing authority.

527

:

The FHA often refuse to guarantee

mortgages for black families trying

528

:

to buy homes in white neighborhoods.

529

:

A practice known as redlining.

530

:

The Social Security Act initially

excluded agricultural and domestic workers

531

:

occupations in which a large percentage

of where African Americans were employed.

532

:

President Roosevelt, who relied on the

support of powerful Southern Democrats in

533

:

Congress, often shied away from directly

challenging Jim Crow, or supporting

534

:

federal anti-lynching legislation.

535

:

However, there were avenues of progress,

specifically the works Progress

536

:

Administration was generally colorblind

in its employment practices, particularly

537

:

in northern cities, and it provided

crucial jobs for many African Americans,

538

:

the National Youth Administration.

539

:

Thanks.

540

:

In part to the advocacy of figures like

Mary McLeod Bethune ensured that black

541

:

youth received a fairer share of the aid.

542

:

Bethune was a prominent black

educator and became a key figure in

543

:

Roosevelt's unofficial black cabinet,

an informal group of African American

544

:

advisors who lobbied for black

interests within the administration.

545

:

While their direct policy influence

was often limited by the political and

546

:

racist realities of the time, their

presence marked an important step in black

547

:

political engagement at the federal level.

548

:

Women also played significant roles

and experienced mixed outcomes.

549

:

Under the New Deal, Eleanor

Roosevelt, the First Lady, emerged

550

:

as a powerful and independent

voice tirelessly advocating for the

551

:

poor, for minorities and for women.

552

:

She famously declared as the first lady.

553

:

She was now quote in a position

where I can do the most good

554

:

to help the most people.

555

:

She used her platform to bring

attention to new deal programs

556

:

and push for greater inclusivity.

557

:

Francis Perkins made history as

the first female cabinet member

558

:

serving as the Secretary of Labor.

559

:

She was the principal architect of

the Social Security Act and champion

560

:

legislation for unemployment insurance,

minimum wage, and the abolition of child

561

:

labor, driven by a desire, as she put

it, quote, unemployment insurance, old

562

:

age insurance, and health insurance.

563

:

However, despite these individual

achievements and some gains

564

:

through new deal programs.

565

:

Broader progress on equal terms for

women, such as the proposed Equal Rights

566

:

Amendment stalled during this period.

567

:

The New Deal, therefore, is a complex

tapestry of progress and compromise.

568

:

It offered unprecedented federal

intervention and relief, yet its

569

:

application was often shaped and

constrained by the enduring structures

570

:

of racial and gender inequality.

571

:

The political necessity of appeasing

Southern Democrats meant that many

572

:

programs failed to fully address.

573

:

And sometimes possibly even exacerbated

the economic and social injustices rooted

574

:

in the failed promises of reconstruction.

575

:

This complicated legacy would in turn lay

some of the groundwork for the intensified

576

:

civil rights movement in the decades

to follow as African Americans having.

577

:

Tasted both the potential and

the limitations of federal action

578

:

escalated their demands for

full citizenship and equality.

579

:

As the depression deepened and

Roosevelt's new deal expanded the role

580

:

of the federal government, anxiety

among conservative business elites

581

:

grew these fears culminated in one of

the most bizarre and debated episodes

582

:

of the era, the business plot of 1933.

583

:

Retired Marine Corps major General Smedley

Butler, a popular and highly decorated

584

:

military figure, testified before a

congressional committee that a group

585

:

of wealthy businessmen and financiers.

586

:

Had approached him with a plan to

overthrow President Roosevelt and install

587

:

a fascist style dictator with Butler

himself envisioned as the leader of a

588

:

massive veterans army to carry out the

coup butler who had become a vocal critic

589

:

of American imperialism and capitalism

famously stated that he had been quote.

590

:

High class muscle man for big business,

for Wall Street and the bankers.

591

:

His testimony, detailed meetings with

individuals like Gerald McGuire, a bond

592

:

salesman tied to JP Morgan interest,

who allegedly outlined the plot.

593

:

While the Congressional Committee

concluded that such a plot had been

594

:

discussed, no criminal prosecutions

followed and many in the press at

595

:

the time dismissed it as far fetched.

596

:

However, the business plot whether

a fully realized conspiracy or

597

:

an overblown alarm reflected the

genuine and extreme anxieties of some

598

:

powerful conservative circles about

the direction of the New deal and

599

:

its perceived threat to capitalism.

600

:

So much so that they were

willing to try fascism.

601

:

It also underscores the concerns

about fascism in the:

602

:

were not solely in Europe.

603

:

Indeed, American reactions to Mussolini's

rise in Italy in the:

604

:

varied, so we have to keep that in mind.

605

:

I.

606

:

Beyond the business plot.

607

:

There were other homegrown, fascist

and extremist groups in the:

608

:

such as William Dudley Pellys

Silver Shirts, or the Silver Legion.

609

:

These groups often fueled by antisemitism,

by xenophobia and anti-communist hysteria.

610

:

Echoed some of the rhetoric

of European fascist movements.

611

:

While these domestic fascist movements

never achieved mass political

612

:

power, their existence alongside

the business plot highlights the

613

:

intense ideological polarization of

the depression era and the extent to

614

:

which some were willing to consider.

615

:

Anti-Democratic alternatives in

response to the economic crisis of

616

:

the Great Depression, as well as the

transformative policies and government

617

:

intervention of the New deal.

618

:

So the new deal's momentum, so

powerful in its initial years

619

:

began to wane by the late 1930s.

620

:

A significant blow came with the

Roosevelt recession of 19 37, 19

621

:

38, just as the economy seemed to be

recovering, a sharp downturn occurred.

622

:

Industrial production

once again, declined.

623

:

And unemployment, which had.

624

:

Fallen had now jammed back up to 14.3%

625

:

in May of 1937 and up even

% in June of:

626

:

Economists and historians attribute

this recession to several factors,

627

:

including Roosevelt's attempt to

balance the budget by reducing federal

628

:

spending and the new social security

taxes, taking money out of circulation

629

:

before benefits began to be paid.

630

:

This economic setback weakened

public and political confidence.

631

:

In the ongoing efficacy of more

new deal spending, simultaneously

632

:

conservative opposition in Congress,

which had been present throughout the

633

:

New Deal, began to grow more potent.

634

:

A bipartisan conservative coalition

comprising of many Southern Democrats

635

:

and Northern Republicans, increasingly

and blocked further new deal legislation.

636

:

Historian James T.

637

:

Patterson notes this coalition

successfully opposed key administration

638

:

measures such as the Fair Labor Standards

and Housing Bill of:

639

:

and reorganization bills in 1938 and 1939.

640

:

This growing resistance signal, the

shift in the political landscape

641

:

making further large scale domestic

reforms increasingly difficult.

642

:

Perhaps the most significant factor in

the decline of the new deal's impetus was

643

:

the ominous rise of international threats.

644

:

The expansionist ambitions of the

fascist Nazi Germany and Europe and

645

:

the Imperial Japan and Asia began

to dominate national attention in

646

:

resources as President Roosevelt himself

acknowledged in December of:

647

:

The focus had shifted from Dr.

648

:

New Deal, the specialist

in internal medicine to Dr.

649

:

Win the war, the ortho Orthopedic surgeon.

650

:

While some new deal agencies like the

WPA and CCC were shut down during the war

651

:

years, the underlying shift in national

priority from domestic reform to military

652

:

preparedness and foreign policy was

ady well underway by the late:

653

:

The end of the New deal was not a singular

event, but a gradual fading, driven by

654

:

a confluence of economic stumbles, a

resurgent conservative political block,

655

:

and the overwhelming overshadowing

imperative of an impending global war.

656

:

I.

657

:

This transition illustrates the

contingent nature of reform movements

658

:

and how external crises can profoundly

reshape domestic priorities, pushing

659

:

aside even the most ambitious programs

for social and economic change.

660

:

The decade spanning the Roaring twenties,

the Great Depression and the New Deal,

661

:

irrevocably transformed the United States.

662

:

The freewheeling prosperity and

cultural dynamism of the:

663

:

way to the deepest economic crisis in

the nation's history, a crisis that

664

:

challenged the very foundations of

American capitalism and democracy.

665

:

In response, Franklin d Roosevelt's New

Deal ushered in an unprecedented expansion

666

:

of federal power and responsibility,

fundamentally altering the relationship

667

:

between the government and its citizens.

668

:

The New deal's legacy is

complex, but also enduring.

669

:

It established a crucial social

safety net with programs like social

670

:

insecurity, enshrined vital labor rights

through the Wagner rock, and left the

671

:

physical imprint on the landscape.

672

:

Through the works of the CCC and

the TVA, it demonstrated that the

673

:

federal government could and would

interfere to address economic

674

:

catastrophe and social distress.

675

:

However, the New Deal was also

a product of its time marked by

676

:

compromises that often perpetuated

racial and gender inequalities.

677

:

Its benefits were not evenly

distributed, particularly in the

678

:

South, where the political power of

conservative Democrats often blunted

679

:

efforts towards racial justice.

680

:

Echoing the unfinished business of

reconstruction, the exclusion of

681

:

many African Americans and women

from key new deal protections laid

682

:

the groundwork for future struggles

for civil rights inequality.

683

:

As the 1930s drew to a close, the

immediate crisis of the depression

684

:

began to recede, partly due to the

new deals efforts, but increasingly.

685

:

Due to the economic stimulus of

impending war, the nation while

686

:

changed, carried with it the unresolved

legacies of these tumultuous decades.

687

:

The anxieties about modernity, the

deep cultural fissures, the questions

688

:

about economic justice and the role

of government, these would continue

689

:

to shape American life to this day.

690

:

And as the shadows of global conflict

lengthened, America stood on the

691

:

cusp of another transformative

era, world War ii, a conflict that

692

:

would further test its ideals and

redefine its place in the world.

693

:

In his second inaugural address,

Roosevelt spoke of the ongoing journey.

694

:

We are determined to make every

American citizen the subject of

695

:

his country's interest and concern.

696

:

The test of our progress is

not whether we add more to the

697

:

abundance to those who have much.

698

:

It is whether we provide enough for

those who have too little end quote.

699

:

As America faced new global challenges,

the question of how to live up to

700

:

that ideal for all of its citizens.

701

:

Remained.

702

:

I'm Dr.

703

:

G and I'll see y'all in the past.

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