FDR political stradegies Flashcards
south
Roosevelt helped the poor and African Americans without offending the hostile democrats that believed in white supremacy
north
He kept political machines happy because they were powerful and their support was important to national politics
well educated and liberal elite
Formed the Brain Trust who provided him with ideas for the New Deal, and produced many of the members of his administration.
labor unions
- Gave workers the Wagner Act
- Maintaining the support of the labour unions helped the democratic party win election, and contributed to his mid-term election and reelection.
reason for roosevelt depression/succession (37-38)
- Caused by a contraction in money supply by the Federal reserve
- Third worse economic turn in the 20th century
- The government feared that banks would be too quick to loan out money and add to inflation
how credit expansion was prevented
the government made the banks keep more money and hand outless loans
why govt. making banks keep money was a bad thing
Stalled economic recovery and contributed to a new decline
- Immature attempt to balance the budget
- Unemployment rose to 20%
- GDP fell 10%
- Industrial production fell 32%