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Response to WillyT (Original post)

Wed Nov 26, 2014, 09:51 PM

90. FDR fought Wall Street, helped the unemployed become employed, and more...

In his first hundred days in office, which began March 4, 1933, Roosevelt spearheaded major legislation and issued a profusion of executive orders that instituted the New Deal—a variety of programs designed to produce:

- relief (government jobs for the unemployed)

- recovery (economic growth),

--reform (through regulation of Wall Street(created the SEC), banks and transportation).

The economy improved rapidly from 1933 to 1937, but then relapsed into a deep recession. The bipartisan Conservative Coalition that formed in 1937 prevented his packing the Supreme Court. For the rest of his days in office, it blocked all proposals for major liberal legislation (apart from a minimum wage law).

It abolished many of the relief programs when unemployment practically vanished during the war. Most of the regulations on business continued in effect until they ended about 1975–1985, except for the regulation of Wall Street by the Securities and Exchange Commission, which still exists. Along with several smaller programs, major surviving programs include the Federal Deposit Insurance Corporation, which was created in 1933, and Social Security, which Congress passed in 1935.

http://en.wikipedia.org/wiki/Franklin_D._Roosevelt


Rethugs have been dirty little bastards for a long time, haven't they?

But aren't we lucky have had FDR to create:

Minimum wage law
Social Security
SEC
FDIC
Public Parks works programs
TVA
Most importantly to me-Glass Steagall, which Bill Clinton repealed, and we have 2008 to prove what an enormous mistake that was...
http://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Legislation

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