The New Deal and World War 15

The New Deal and World War 15 - international bankers in...

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The New Deal and World War II Roosevelt’s leadership through economic reconstruction, war THE SECOND NEW DEAL In its early years, the New Deal sponsored a remarkable series of legislative initiatives  and achieved significant increases in production and prices – but it did not bring an end  to the Depression. As the sense of immediate crisis eased, new demands emerged.  Businessmen mourned the end of “laissez-faire” and chafed under the regulations of the  NIRA. Vocal attacks also mounted from the political left and right as dreamers,  schemers, and politicians alike emerged with economic panaceas that drew wide  audiences. Dr. Francis E. Townsend advocated generous old-age pensions. Father  Charles Coughlin, the “radio priest,” called for inflationary policies and blamed 
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Unformatted text preview: international bankers in speeches increasingly peppered with anti-Semitic imagery. Most formidably, Senator Huey P. Long of Louisiana, an eloquent and ruthless spokesman for the displaced, advocated a radical redistribution of wealth. (If he had not been assassinated in September 1935, Long very likely would have launched a presidential challenge to Franklin Roosevelt in 1936.) In the face of these pressures, President Roosevelt backed a new set of economic and social measures. Prominent among them were measures to fight poverty, create more work for the unemployed, and provide a social safety net....
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