23.3 Great Depression and New Deal Flashcards
Francis Townsend
Argued for national old-age pension, becoming Social Security
Father Charles Coughlin
Criticized New Deal from a nationalist and antisemitic perspective, FDR too friendly with “Jewish bankers” and needed a more agressive action
Congress of Industrial Organizations (CIO)
Organized labor, increasing unionization rates. Was under protections of Wagner Act
Social Secuirty Act
Created old-age pension, unemployment insurance, and assistance to poor children and elderly from payroll
- signature piece of Roosevelt’s 2nd New Deal
“court packing”
An attempt to appoint up to six new justices who would be friendly to his interests
Roosevelt Recession
Sparked after FDR cut spendings, believing worse of Depression was over
- allowed for significant gains by conservative coalition of souther Democrats and Midwestern Republicans
Keynesian Countercyclical spending
Reversed Roosevelt Recession after the resumption of this (pulling country out of recession)
This measure was advocated by economist John Maynard Keynes to combat the Great Depression