(Roosevelt and the First New Deal, 1933-1935) Opposition to the First New Deal Flashcards
What did opposition on the RIGHT feel about the New Deal?
It was too radical.
Opposition on the right felt the New Deal was too radical.
How?
(3)
Govt involvement was too direct.
Taxes were too high to pay for ND.
Liberty League formed in 1934 with some Democrats & Republicans who believed free market economy should be left alone - fell away after Roosevelt’s 1936 Presidential victory.
What did opposition on the LEFT feel about the New Deal?
Not enough was done.
Opposition of the left felt the New Deal didn’t do enough.
Who?
(5)
'End Poverty in California' ‘Share our Wealth’ Old Age Revolving Pensions Inc Father Charles Coughlin & the National Society for Social Justice. Thunder on the Left
One of the groups on the LEFT that opposed the measures of the New Deal was End Poverty in California (EPIC).
What idea did they suggest?
Unemployed people should work in state-run cooperatives & be paid in a currency to spend in other cooperatives.
One of the groups on the LEFT that opposed the measures of the New Deal was Share Our Wealth.
What idea did they suggest?
(2)
Confiscate all private fortunes over $3 million.
Govt fund old age pensions & introduce minimum wage to guarantee every family income of $2,000 - $3,000 a year.
One of the groups on the LEFT that opposed the measures of the New Deal was Old Age Revolving Pensions Inc.
What idea did they suggest?
$200 a month to everyone 60+ to spend and not save, boosting consumption and create jobs for the young.
One of the groups on the LEFT that opposed the measures of the New Deal was Father Charles Coughlin and the National Society for Social Justice.
What idea did they suggest?
Redistribution of wealth.
What was seen in the 1934 Mid-term Congressional Election?
The Democrats made gains in both Houses giving Roosevelt confidence to prep for a Second New Deal.
How did FDR cope in the 1936 Presidential Election?
Easy victory
What did opposition on the right FEAR?
Taxes becoming too high and increasing govt economic intervention.
