Title: Any history worth learning can be taught through a Broadway play. Peter Austin Duchan
1Hoover vs. FDRConservative vs. Liberal?
Any history worth learning can be taught through
a Broadway play.- Peter Austin Duchan
2We'd Like To Thank YouMartin Charnin Today we're
living in a shanty
Today we're scrounging for a meal Today I'm
stealing coal for fires Who knew I could steal? I
used to winter in the tropics I spent my summers
at the shore I used to throw away the paper-- We
dont anymore
We'd like to thank you Herbert Hoover For really
showing us the way We'd like to thank you
Herbert Hoover You made us what we are today
3Prosperity was 'round the corner The cozy cottage
built for two In this blue heaven That you gave
us Yes! We're turning blue!
They offered us AL Smith and Hoover We paid
attention and we chose Not only did we pay
attention We paid through the nose.
4In ev'ry pot he said "a chicken" But Herbert
Hoover he forgot Not only don't we have the
chicken We ain't got the pot!
Hey Herbie You left behind a grateful nation So,
Herb, our hats are off to you We're up to here
with admiration Come down and have a little
stew Come down and share some Christmas
dinner Be sure to bring the missus too We got no
turkey for our stuffing Why dont we stuff you?!
5We'd like to thank you, Herbert Hoover For
really showing us the way You dirty rat,
you Bureaucrat, you Made us what we are today
Come and get it, Herb!
6So, what do we really knowabout Herbert Hoover?
- Skilled AdministratorOrganizational Genius
- World War I pooled money with wealthy friends,
organized the Committee for the Relief of
Belgium, raising 1billion for food and
medicine. - Under Wilson, Hoover ran the U.S. food
administration channeling 34 million tons of
American food, clothing, and supplies to
war-devastated Europeeveryone knew that to
"hooverize" meant to ration household materials
for the war effort. - He easily won the 1928 Republican nomination for
president. His platform rejected farm subsidies,
supported prohibition, and pledged lower taxes
and more prosperity.
7- Poor Manager of the Great Depression
- Pro-business
- Cabinet included six millionaires.
- Private enterprise science and technology
end poverty , beginning to a new humane social
order. - Reduced corporate taxes to stimulate growth and
free the economy from government influence. - Believed in laissez-faire capitalism, refused to
provide direct federal assistance when the market
crashed, forcing millions of Americans into
poverty.
8Public Perception of Hoovers Response
- 2 million Americans rode the rails and lived as
"hoboes" in shantytowns called "Hoovervilles. - They wrapped themselves in newspapers, or
"Hoover blankets," and ate jackrabbits they
called "Hoover hogs."
- The Reconstruction Finance Corporation secretly
channeled millions of dollars a day as handouts
to business. - Hoover vetoed relief bills, waiting for his
"corporate welfare" program to work. - He seemed uncaring, unwilling to admit that
people were starving and that his ideas were
failing.
9Na na na na, na na na na, hey, hey, hey, good bye
- Summer 1932, called in General MacArthur to
drive out the protesters camped on the capital
lawns. - MacArthur used cavalry, tanks, and
bayonet-bearing soldiers who clubbed women and
children, tear-gassed the marchers, burned their
shacks, and forcibly drove them across the
Potomac. - Against the advice of economists, Hoover signed
the Hawley-Smoot Tariff Act, a protective tariff
slowed US exports and foreign imports. - Germany could not afford to buy American
products or pay their World War I debts. Trade
walls sprang up blocking the entry of American
products into Europe and Japan.
"Blessed are the youngfor they shall inherit the
national debt."
10- A Vision Lost
- Ran for re-election 1932, anxious to prove that
his policies could work - FDR offered a "New Deal," a "call to arms" in a
"crusade to restore America to its own people. - Not blamed for causing the depression, but is
faulted for perpetuating it. Hoover's held firm
to "trickle down" economics, rather than activist
government intervention in the economy, and
doomed his presidency and the fortunes of
millions. He is remembered as a tragic failure.
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12Roosevelt put the R in
ReliefRecoveryReform
First New Deal Immediate Economic Relief FDR
proposed putting the nation's large corporations
under government regulation rather than busting
them up to restore competition. He advocated
national planning as opposed to laissez-faire
capitalism.
13- Agriculture Relief
- The Agricultural Adjustment Act (AAA) paid
farmers to cut production and establish marketing
cooperatives to raise prices. - The Farm Security Administration (FSA)
14- Employment Relief
- Federal Emergency Relief Administration gave
cash to states for immediate payment to the
unemployed. - The Civilian Conservation Corps put 300,000 men
to work in 1,200 camps planting trees, building
bridges, and cleaning beaches. - The Public Works Admin. channeled 3.3 billion
to hire workers to build roads, sewage systems,
govt buildings, ships, aircraft, etc.
15The Works Progress Administration (WPA),put
unemployed artists to work painting murals on
public buildings and on other artistic and
cultural projects.
These paintings are all WPA murals in Norwalk, CT
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18- Recovery
-
- FDR put purchasing power into the hands of
consumers, thereby "priming the pump" of the
nation's economy. - Additionally, the Home Owners Loan Corporation
and Farm Mortgage Refinancing Act helped
unemployed families avoid foreclosure on their
homes and farms.
19Reform The Securities and Exchange Act restored
public confidence in the stock exchanges and
banks by compelling stockbrokers to tell the
truth about the stocks they sold. The FDIC
guaranteed the savings of average citizens
everywhere.
Social Security provided pensions for the elderly
and aid for the blind, disabled, and orphaned.
The first public housing programs were
established under the Wagner Act.
20Tennessee Valley Authority In a bold act of
government intrusion into the private sector,
Roosevelt established the Tennessee Valley
Authority (TVA), which brought electric power and
modernization to a vast area of depressed rural
America stretching from Virginia to Mississippi.
Unfortunately, this federal agency also became
the most devastating polluter of the natural
environment in the nation. In operating its coal
burning generators and dams, the TVA practiced
strip mining, released sulfur oxides into the
air, poisoned and destroyed forests with acid
rain, and dumped untreated sewage and toxic
materials into streams and rivers
21- Early Impact
- Unemployment fell from 13 million in 1933 to 9
million in 1936. - Farm income also rose, from 3 billion to 5.85
billion - Manufacturing salaries jumped from 6.25 billion
to almost 13 billion.
Over 16 percent of the nation's workers remained
unemployed.
22- Critics
- Increased taxes and government regulation.
- Sapped individual initiatives with its
socialistic welfare programs. - Demagogues such as Father Charles Coughlin
scorned FDR in weekly radio sermons.
- Dr. Francis E. Townsend attacked him for not
doing enough for old people. - Governor Huey Long of Louisiana, accused him of
falling captive to American business interests.
23- Impact of the New Deals
- Roosevelt institutionalized the role of the
federal government as the guarantor and
stimulator of the economy - The federal government assumed responsibility
for the welfare of American citizens. - FDR's policies allowed for the manipulation of
credit and interest rates to promote economic
expansion, and a vast array of economic planning
policies aimed at "priming the pump" with tax
adjustments, government spending, and active
intervention in the private sector.