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-South states (CA, Mississippi etc.) set blocks to stop immigrants from entering°°Political Responses°Hoover°The first political victim of the Depression
°Used to be a progressive hero, enjoying high prestige, an international celebrity famous for humanitarianism and food relief°As a Republican, he couldn’t stop the Republican congress to enforce high tariff°The Reconstruction Finance Corporation: providing funds ?°Balance the budget by raising taxes°“Hoovervilles” > the disaster of the Bonus March (McArthur)°Sinclair: EPIC°1934, California > Governor of CA°The author of Jungle°Socialist > 1933 Democrats (in order to run for governor)°Representative of the rise of Communism°The Utopian dream of commonwealth°Ending poverty in 1-2 years through abolition of private property°EPIC (end poverty in California)°Roosevelt (1932-°the political winner! —12 years in office, four terms as president°Landslide election 1932 & 1936 > The Republicans were discredited fora generation, deemed incapable of handling the situation°the New Deal > The New Deal Coalition: an alliance between northern cities, liberals, African Americans and southern white supremacists. > Big change, but preserved the federal gov. structure°Old Family (Theodore Roosevelt’s); Harvard & Columbia Law School°Inauguration Speech: *“The only thing we need to fear is fear itself”°Strong threat & promise°The entire country seemed to be behind FDR, “more power to you President!”°People expect changes, instead of authoritarianism tho°°- People tend to blame themselves for unemployment
03/04/2016°2/29°°New Deal°-major change: redefinition of the relationship btw the (federal) government and ordinary people°- expansion of government’s role: more ambition than since reconstruction°°I. Hundred Days°A. Banking°-crisis°-runs on banks across the country°-FDR claimed national banking holiday: temporarily close all the banks and no bank could reopen until the treasury could certify that it was OKFireside chats: FDR speaks to the people through radio, explaining how banks workedthe day when banks reopened: more money deposited than withdrawn—success °-Glass Stiegel Act: created FDIC—ensure banking depositprohibit banks from doing both commercial banking and investment banking—separation—to protect the depositorsrepealed in the 1990’s°-Series of new organizations:CCCFERA: deferral emergency relief administrationAgricultural Administration Act: Farmers throw sharecroppers out of work and land°B. National Recovery Administration°National Recovery Administration NRA: Goal was to help industry recover from depression. Codes of fair competition: business can fix pricesCooperating firms display the sign of blue eagle to show they participate in NRA.