The Great Depression

Protest Permits in Washington D.C.

  • Requirement for permits for protests in D.C.
      - If planning a gathering (e.g., 100,000 people), you must address logistical questions:
        - Where will attendees go to the bathroom?
        - How will they have access to water?
        - Where will they park?
      - Without a logistics plan, a permit will likely be denied.

  • Right to freedom of assembly in the U.S.
      - This right, however, has limitations similar to free speech rights.
      - Organizations observed important protests, such as the veterans' protest, and learned to mobilize effectively in D.C.

  • Impact on the Civil Rights Movement
      - The civil rights movement in the 1960s adopted the formal protest strategy learned from earlier veterans’ protests.
      - Anti-war groups also utilized this strategy, demonstrating organized public pressure.

Stock Market Crash of 1929

  • Discussion on factors influencing the stock market crash.
      - Quiz question: What caused the stock market crash?
        - Possible answers considered:
          - Global farm production weakened.
          - Federal tax cuts leading to inflation.
          - Speculators purchasing shares on margin (correct answer).
          - Costs associated with WWI that bankrupted the economy.
      - Correct answer: Speculators purchasing shares on margin using borrowed funds led to the crash.

  • Dust Bowl Effects
      - Discussed in relation to John Steinbeck's work.
      - Most affected demographic: Farmers on the Great Plains (correct answer).

Herbert Hoover’s Presidency

  • Criticisms of Hoover's handling of the Great Depression
      - Endured negative public sentiment regarding his management of the Bonus March.

  • Hoover vs. Franklin D. Roosevelt (FDR)
      - Alleged response from FDR: "I guess that elects me" after seeing the handling of the veterans' march.
      - FDR won the election by a landslide, leaving Hoover's political future diminished.

Franklin D. Roosevelt (FDR)

  • Elected in 1932 and took office in 1933.
  • First president to run for a third term and later a fourth term, resulting in a constitutional amendment limiting terms to two.
  • Background:
      - From New York and served as governor.
      - Paralyzed from the waist down due to polio, managed public appearances to maintain a strong presence.
      - Was a cousin of Theodore Roosevelt.

Criticism of Hoover’s Response to the Depression

  • Hoover's response was criticized for failing to provide direct relief to those in need.
      - Quiz question: What did Hoover do wrong?
        - Correct answer: Failed to provide direct relief (Hands-off approach).

  • Veterans’ March & Public Sentiment
      - Shantytowns referred to as "Hoovervilles" symbolized public discontent with federal responses.

New Deal Introduction

  • FDR campaigned on promises of a "New Deal" for America, suggesting increased federal government involvement in economic recovery.
  • The New Deal's undefined specifics:
      - Similar to slogans like "Hope and Change".

First Hundred Days of FDR’s Presidency

  • FDR's first 100 days set a standard for measuring presidential success.
      - Accomplished 15 major reforms.
      - Comparison: Future presidents evaluated against this benchmark.
      - Example: Obama passed key pieces of legislation, but significantly fewer than FDR within the same timeframe.

Characteristics of the New Deal

  • Three R's:
      - Relief: For the unemployed (e.g., soup kitchens, creating jobs).
      - Recovery: Reviving the economy through job creation.
      - Reform: Establishing regulations, especially for banking and financial securities, to prevent future crises.

Examples of New Deal Programs

  • Relief:
      - Funding for states to run emergency relief operations.
      - Creation of public works to address unemployment, substantially increasing infrastructure investment.
      - Notable projects like the Hoover Dam provided employment and built infrastructure.
  • Civilian Conservation Corps (CCC):
      - Employment program for young men (18-26) that provided room, board, and a monthly wage.
      - Focus on conservation projects, planting trees, and improving national parks.
  • Works Progress Administration (WPA):
      - Aimed at employing millions in public works projects, building schools, bridges, and parks.

Structural Reforms and Economic Recovery

  • New Deal’s National Industrial Recovery Administration (NIRA):
      - Set guidelines for working conditions (minimum hours, minimum wage).
      - Encouraged unionization, promoting labor rights and organization.
      - Minimum wage initially set at 25 cents/hour.
  • Agricultural Adjustment Administration (AAA):
      - Aimed at reducing overproduction in agriculture by paying farmers to reduce crop acreage.
  • Tennessee Valley Authority (TVA):
      - Addressed electricity access in rural areas, improving infrastructure and quality of life.

Long-Term Impact of New Deal Programs

  • Infrastructure built during the New Deal continues to benefit society today.
      - Examples include modern roads, schools, and other public works that remain in use.
  • The New Deal fundamentally changed the role of the federal government, expanding its scope and involvement in economic and social welfare.