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“The Imperial President”
• Bank Failures
• Stock Market Crash
• Farm Failures
• High Unemployment
• Limited welfare system and lack of relief agencies
• Drop in home ownership
• Minorities hit the hardest and received the least amount of aid
• School ClosuresPresident Hoover appears to be
unwilling to provide relief for the Great Depression…
• Born in 1882 to a wealthy and prominent family
• Raised to believe that wealthy should look after the poor
• Believed government’s primary role was to respond to social need
•Stricken with Polio in 1921 (at the age of 39 years) – public did not know
• President for 12 years during the two of the nation’s biggest crises -Great Depression and WWII
• Only President elected for 4 terms
• known to represent the “common man”
• ability to convey sympathetic concern for all
• Hoover was a Republican, FDR was a Democrat
• FDR Received 57% of popular vote and 472/531 electoral votes
• Election called the “Roosevelt Revolution”
• Greatest change in voter history
• Realignment of voter alliances
• Democrats now included farmers, industrial and white-collar workers, African Americans, immigrants, women, and intellectuals
• FDR ran against Hoover on a “New Deal” campaign – a program to solve the problems of the Great Depression
Blue States = Voted for Hoover
Red States = Voted for Roosevelt
• The New Deal Programs would provide
• Relief: short term plan to give money directly to the people
• Recovery: designed to stimulate production and restore the economy
• Reform: long term plan to insure that another depression would not occur
• “100 Days”
• in FDR’s first 100 days in office he pushed 15 pieces of legislation through Congress to fight the Depression
• he focused on stabilizing financial institutions, providing relief, creating jobs, and regulating the economy
• he used expansionary fiscal & monetary policy (i.e. increased the amount of money in circulation)
• EXAMPLE: day after taking office he declared a “bank holiday” (banks were closed so no one could withdraw their money) & government inspected banks to determine when they could re-open
Video on First Fireside Chat
• Between 6.5 – 12.5 million workers still unemployed
• Elected with 60.8% of popular vote (largest in history)
• Won every electoral vote but Maine and Vermont
• Number of votes for Democratic candidates increased by 205% from previous election
• improved labor conditions for many workers (secured rights of unions to use collective bargaining, minimum wage and hours laws)
• helped create lasting infrastructure (roads, bridges, public buildings)
• created some Federal Agencies that still exist today (ex: FDIC& SEC)
• Created a welfare system(ex: Social Security)
• stabilized financial institutions
• provided millions of jobs
• there were some critics and opponents to the New Deal
• some felt that the New Deal gave the Federal Government and the President too much power
• increased federal deficit
• The Supreme Court declared some New Deal programs unconstitutional (ex: NIRA & AAA)
• some felt the New Deal did not do enough
• New Deal did not end Great Depression – WWII did