Challenges to the New Deal

Challenges to the New Deal - Challenges to the New Deal...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Challenges to the New Deal. Although an early supporter of the president, Senator Huey Long of Louisiana was seen as a potential rival for Roosevelt in 1936 or a strong candidate for the Democratic nomination in 1940. Long developed his own economic recovery program, known as Share the Wealth, which called for giving every American family $5,000 to buy a house, car, and radio, plus a guaranteed annual income of $2,500. Long was assassinated in 1935, but his ideas on the redistribution of wealth remained popular. Dr. Frances Townsend, a retired physician, responded to the plight of the elderly with a plan to give $200 a month (raised from a tax on business transactions) to every American over the age of 60 who was retired or agreed to retire. Townsend believed that early retirement would open up jobs for younger workers and that the requirement for all the money to be spent within the...
View Full Document

This note was uploaded on 11/19/2011 for the course HIST 1310 taught by Professor Marshall during the Fall '08 term at Texas State.

Ask a homework question - tutors are online