1929 06 Roosevelt y el New Deal.mpg
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This section introduces the aftermath of the Republican government's 12-year rule ending in 1932 and the election of Democrat Franklin Roosevelt as president. Roosevelt's swift actions to restore public trust, including guaranteeing bank deposits and implementing strict banking supervision, are highlighted.
Roosevelt's Early Actions
- In 1932, after 12 years of Republican rule, Franklin Roosevelt was elected president with a focus on restoring confidence.
- Roosevelt quickly guaranteed bank deposits and enacted laws for stringent banking oversight through initiatives like the Securities Exchange Commission.
- To combat the crisis, Roosevelt closed banks temporarily and secured approval for 15 laws within his first hundred days in office.
Communicating with the Public
This segment delves into Roosevelt's efforts to engage with the public directly, explaining new legislation such as legalizing beer sales to end prohibition and monopolies.
Public Engagement Strategies
- Roosevelt embarked on a series of talks to explain new legislation directly to gain public trust.
- The introduction of social welfare laws known as alphabet laws aimed at aiding farmers by subsidizing production reduction faced criticism but also addressed hunger concerns.
Infrastructure Development Initiatives
This part discusses infrastructure projects like the Tennessee Valley Authority (TVA) aimed at preventing floods and providing affordable electricity amidst private sector opposition.
Infrastructure Projects
- The TVA initiative focused on constructing dams to prevent floods and offer cheap electricity despite resistance from private enterprises.
- Despite opposition, many Americans supported Roosevelt's New Deal policies that created job opportunities through public works projects.
Challenges Faced by Roosevelt
Here, challenges faced by Roosevelt from various groups like socialists, communists, and wealthy individuals due to increased taxes for funding New Deal programs are discussed.
Facing Opposition
- Socialists, communists criticized for not doing enough for labor class; wealthy individuals viewed increased taxes negatively.
The Impact of Roosevelt's New Deal
This section discusses the challenges faced by Roosevelt due to the Supreme Court declaring many of his laws unconstitutional, leading to a resurgence in unemployment. However, the government was now able to provide assistance to those in need, marking a shift towards social security and improved living conditions for many Americans.
The Transformation Under the New Deal
- The New Deal initiatives began transforming the country by the late 1930s, with government agencies undertaking projects such as constructing roads, houses, schools, hospitals, and other public buildings.
Economic Progress and Agricultural Rejuvenation
- Various government programs led to the construction of new dams that not only provided employment and electricity but also restored fertility to millions of acres of land. Despite fewer farmers, product prices were stabilized.
Overcoming Opposition for Economic Growth