Mind and Destiny

“I make no pretension to patriotism. So long as my voice can be heard ... I will hold up America to the lightning scorn of moral indignation. In doing this, I shall feel myself discharging the duty of a true patriot; for he is a lover of his country who rebukes and does not excuse its sins. It is righteousness that exalteth a nation while sin is a reproach to any people.”- Frederick Douglass

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Location: Delhi, N.Y., United States

The author and his webmaster, summer of 1965.

Tuesday, May 02, 2017

Roosevelt's New Deal


After the stock market collapsed, President Hoover and Republican Senators insisted on a strict spending freeze.

In 1932, a group of WW I veterans pressured their government to change the date their bonus certificates would be paid.  Hoover became angry after the protesters set up a large camp, they named Hooverville.  He ordered that the veterans be clear out.  Infantry and cavalry troops, under the command of Colonel Douglas Mac Arthur, fixed bayonets and hoisted sabers, and rolled over the Hooverville encampment using tear gas, and fire.  Two veterans and a baby died.

In 1933, when President Roosevelt took office the unemployment rate was 24.9 percent.  Veterans again pressed the issue of the bonus payment.  FDR didn’t agree, but offered a New Deal, that created the Civilian Conservation Corps which employed men.  The CCC was a public works project intended to promote environmental conservation and build good citizens through vigorous, disciplined outdoor labor. 

The Work Projects Administration, WPA was the largest and most ambitious New Deal agency.  It employed millions of unemployed people to carry out public works projects, including the construction of public buildings and roads.   FDR signed the Tennessee Valley Authority Act, which created a public corporation to provide for flood control, reforestation, agricultural and industrial development in the Tennessee River Valley. 

In 1935, FDR signed the Social Security Act, and the Federal Deposit Insurance Corporation Act, (FDIC) which has been successfully securing bank deposits for generations of Americans. 

Federal employment increased dramatically following the Japanese attack on Pearl Harbor.  A Republican spending freeze would have been considered political suicide.  FDR was re-elected by very grateful citizens three times, by wide margins.

President Franklin Roosevelt initiated the development of top secret atomic bombs, which after his death enable our military to finally and decisively win WW II. 

4 Comments:

Blogger John Stanley said...

There are economists that state FDR's economic polices actually prolonged the recovery from the depression. And his imitation of the National Socialist 'alphabet' work organizations were and attempt to socialize the economy totally, the war actually prevented that from happening. The 'New Deal' was a plan to socialize most of the economy, and to as today let the government essentially 'print' money they did not have for economic 'recovery.

FDR provoked both Germany as well as Japan into getting the US actually involved in the war. Pre Dec 7 the US Navy was in a FDR authorized de facto war in the Atlantic with the escort policies resulting in 1 destroyer sunk, and 1 destroyer damaged prior to Dec 7, 1941.
And the economic sanctions against Japan forced their hand as well, American had 'colonies' in the Pacific as well and saw Japan's expansion as a threat to those 'colonies' again US can but Japan can't policies on colonial expansion. As well as American 'advisors' as well as pilots beginning to help the Chinese prior to Dec 7 as well. Yes the AVG did not go operational until post Dec 7, but many American volunteer pilots flew individually and commanded Chinese assets prior to Dec 7 (Claire Chennault is only 1 example), all approved by FDR.

My Mom was a era Democrat, as well as an actual 'banker' till she retired and had nothing really good to say about the FDR recovery and how long it took. I learned a lot from her in my youth about economics and money management.

The University of Nebraska economic department as well as history department do not have much in the way of 'glowing' opinions on FDR. And the content of the classes I took were peer reviewed and 70 years is a long time to actually research the issues. And sometimes that research leads to things people really do not want to hear.

1:49 PM  
Blogger John Stanley said...

I would suggest a trip down to West Point USMA and interview their history and economics departments on the FDR era.

1:51 PM  
Blogger Jim O'Leary said...

I’d suggest that people visit to the Franklin Roosevelt Presidential Library off Rt. 9 in Hyde Park, N.Y.

Why don't you go play with your paint gun, and stop telling us about how you received an education from your mother, who was a banker and didn't approve of FDR's policies that were designed to prevent another great depression.

2:01 AM  
Blogger John Stanley said...

I have been to the FDR Library, and have looked at many varied sources on the era. I am not a single view biased 'blogger'. Hind sight is always 20/20, and the history of the era is quite plain to see, and the economics are as well pretty plain to see if you look at it through non-biased eyes.

Your opinion on preventing flies in the face of the actual history where FDR policies are seen as prolonging the 'depression'. Again you are still a bitter individual who vents at anyone who does not agree with you, an actual discussion on the issue is beyond your skill set obviously.

BTW not a paintball gun, airsoft and I enjoy the time spent playing a game with son's grandson's and friends. Role play and Civil WAr re-enactment as well. History is a lot more 'fun' when you experience it.

8:44 AM  

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