Key Concepts from President Franklin D. Roosevelt's New Deal Policies and their Impact
Population Changes in the Great Plains
- Regions affected: Dakotas, Nebraska, Kansas, Oklahoma
- Trend: Significant population decline as people migrated towards California via Route 66, known as the National Highway.
Indian Reorganization Act of 1934
- Also known as the Indian New Deal.
- Objective: Restore Native American self-governance, enabling the practice of their native customs and languages, reversing the previous impacts of the Dawes Act aimed at Americanization.
- Result: Positive shift for Native American communities, although not all tribes supported the act; concerns existed that some tribes might become "museum pieces" instead of modern communities.
- Approx. 200 tribes organized under this law.
SEC (Securities and Exchange Commission)
- Function: Regulates the stock market to protect investors and maintain fair markets.
- Key focuses: Insider trading regulations and preventing excessive debt through practices such as buying on margin.
- Established reforms to help prevent another stock market crash.
- Awareness of global stock market interconnections; declines or crises in one nation's market reflect across the globe.
Tennessee Valley Authority (TVA)
- Purpose: Flood control, electricity generation, and job creation in the Tennessee River Valley.
- Criticism: Seen by some as a government intrusion into the electricity sector, which some believe should be handled by private corporations.
- Impact: Provided cheap electricity to rural communities and improved living standards.
Federal Housing Administration (FHA)
- Function: Encourages home ownership by providing loans at lower interest rates to help individuals improve or purchase homes.
- Continues to aid first-time homebuyers today.
Social Security Act (1935)
- Often referred to as SSI (Social Security Insurance).
- Goals: Provide unemployment insurance and pensions for the elderly.
- Originally funded through a payroll tax on employers and employees.
- Initially limited benefits but has since expanded significantly; criticism regarding government management and fund security.
Wagner Act (National Labor Relations Act)
- Purpose: Protect the rights of workers to organize unions and engage in collective bargaining.
- Established the National Labor Relations Board (NLRB); this body remains significant in resolving disputes between labor and management.
- Underscores the importance of negotiated agreements over strikes, which can be detrimental to the economy.
Fair Labor Standards Act
- Created minimum wage laws and established maximum hours for work.
- Initial wage was set at 40 cents an hour; regulations on child labor established, particularly in non-agricultural sectors.
1936 Election Overview
- Roosevelt's re-election against Alfred M. Landon, a moderate Republican with a more conservative approach to the New Deal.
- Election results highlighted a significant support for Roosevelt, who won 46 out of 48 states, reinforcing public approval of his New Deal policies.
Roosevelt's Second Term Agenda
- Plans to address judicial challenges facing New Deal reforms: Proposed court packing by adding more justices to the Supreme Court due to frustrations over rulings against his policies.
- Changing dynamics of the Democratic Party, especially regarding the Black vote shifting predominantly to Roosevelt's party, despite continuing issues of discrimination and segregation.