The Development of the USA, 1929–2000

Total Page:16

File Type:pdf, Size:1020Kb

The Development of the USA, 1929–2000 WJEC EDUQAS WJEC GCSE HISTORY GCSE HISTORY EDUQAS THE DEVELOPMENT OF THE USA THE DEVELOPMENT THE DEVELOPMENT OF THE USA 1929–2000 Steve Waugh • John Wright Series editor: R. Paul Evans , 1929–2000 Steve Waugh Waugh Steve John Wright CONTENTS Introduction 4 Chapter 1 Economic downturn and recovery 6 Chapter 2 The economic impact of the Second World War and post-war developments 20 Chapter 3 The issue of civil rights, 1941–70 26 Chapter 4 Political change, 1960–2000 54 Chapter 5 Social change, 1950–2000 66 Chapter 6 Cold War rivalry 80 Chapter 7 The search for world peace since 1970 94 Examination guidance 108 Glossary 115 Index 118 Sample proofs: copyright material 3 868146_WJEC_GCSE_History_FM.indd 3 23/06/16 12:57 PM 1 Economic downturn and recovery The USA was badly affected by the Wall Street Crash of 1929. It led to the Great Depression in both the cities and the countryside, with millions of people out of work. For many, life during the Depression was difficult. People lost their homes, jobs and family life was affected. The Republican President Herbert Hoover became increasingly unpopular as he appeared to do little to ease the effects of the economic downturn. In 1932 Hoover lost the presidential election to Franklin D. Roosevelt who introduced a New Deal to help those badly affected by the Depression. However, the New Deal was met by opposition from a variety of groups and individuals, especially the Supreme Court. The impact of the Wall Street Crash and life during the Depression After the First World War (1914–18), the USA experienced to fall quickly. The following Thursday, 24 October, became an economic boom and people thought that the country known as ‘Black Thursday’ as nearly 13 million shares were would prosper for many years. The policies of successive traded and share prices collapsed. Thousands of investors Republican presidents as well as the advanced techniques lost millions of dollars and were ruined. This event became of production used by the car industry helped to further known as the Wall Street Crash – named after the street the boom. During the 1920s, more and more Americans where the US stock market was based. began to invest in shares and prices kept rising. In 1928, however, shares did not rise as much as in previous years. Unemployment This led to less confidence in the market and a drop in The impact of the Wall Street Crash was quite spectacular. share prices. When, in the autumn of 1929, some experts By the end of 1929, there were about 2.5 million started to sell their shares before their value fell even unemployed in the USA. This figure increased dramatically further, small investors panicked and rushed to sell their during the years 1929–32 (see Figure 1.1) due to the own shares. collapse of the US economy and a fall in world trade. Many The real panic selling began on 19 October 1929. Nearly businesses closed due to the fall in demand for American 3.5 million shares were bought and sold and prices began consumer goods both at home and abroad. 15 14 13 12 11 10 9 8 Sample proofs:7 copyright material 6 5 4 Unemployed (millions of people) 3 2 1 1929 1930 1931 1932 Figure 1.1: The growth of unemployment, 1929–32 6 868146_WJEC_GCSE_History_01.indd 6 23/06/16 2:18 PM 1 Economic downturn and recovery Depression in the cities Depression in the countryside The crisis gathered momentum and it was not long before Bankruptcy among farmers grew because they were unable factories began to close down. People stopped spending, to sell their produce. In many cases, food was left to rot in and production had to slow down or stop. The industrial the ground. The drought of 1931 compounded the farmers’ cities saw a rapid rise in unemployment and by 1933 almost problems as reduced prices and falling output meant there one-third of the workforce was unemployed. was no hope of breaking even financially. As people lost their jobs, they lost their homes. Some built Oklahoma, Colorado, New Mexico and Kansas were the alternative ‘homes’ in what became known as Hoovervilles states worst hit by the drought. Poor farming methods (see page 8). Many of the unemployed in cities slept on the had exhausted the soil, and in the drought the soil turned streets. Some drifted across the country as hobos. They caught to dust. When the winds came the soil blew away, creating rides on freight trains in search of work (see Source B). It was dust storms. The affected area, about 20 million hectares, estimated that in 1932 there were more than 2 million hobos. became known as the ‘dust bowl’. When the Great Depression began, black workers were often More than 1 million people left their homes to seek work the first to be sacked. Black unemployment was 50 per cent by in the fruit-growing areas of the west coast. Farmers and 1933, whereas it was about 20 per cent for white Americans. their families packed what they could, tied it to their cars or wagons, and set off towards the west coast. Those Source A: From Hard Times by Studs Terkel, 1970. It from Oklahoma were nicknamed ‘Okies’ and those from is from an interview with a black American who lived Arkansas were ‘Arkies’. Farmers in the west were quite through the Depression happy to employ these people as they worked for very The Negro was born in depression. The Great Depression low wages. They would set up camps at the edge of towns as you call it didn’t mean much to him. The Depression only and seek work wherever they could get it. They were often became official when it hit the white man. resented by locals because they were taking their jobs. Source C: From the memoir of Dorothea Lange, The ActiVitiES Assignment I’ll Never Forget: Migrant Mothers, 1960. Here she is describing meeting one of the migrant workers who 1 What can you learn from Source A about the Depression? had arrived in California 2 What do Sources B and C show about the extent of the I approached the hungry woman . She told me she was 32. Depression? She said she had been living on frozen vegetables from 3 Was the Wall Street Crash a turning point in America’s surrounding fields and birds that her children had killed. economic development? She had just sold the tyres from the car to buy food. Practice question 1 Explain why the lives of many farmers changed during the Depression. (For guidance, see page 112.) Sample proofs: copyright material Source B: Hobos by a freight train, early 1930s 7 868146_WJEC_GCSE_History_01.indd 7 23/06/16 2:18 PM WJEC Eduqas GCSE History: The Development of the USA, 1929–2000 Family life The Depression had a tremendous effect on family life. n Young people were reluctant to take on the extra commitment of marriage. Marriages fell from 1.23 million in 1929 to 982,000 in 1932. The birth rate also fell. n The suicide rate rose dramatically from 12.6 suicides per 1,000 people in 1926 to 17.4 per 1,000 at its peak in 1932. n In some states, such as Arkansas, schools were closed down for 10 months of the year because there was not enough money to pay teachers. n The magazine Fortune estimated that by 1932 about 25 per cent of the population was receiving no income. Because there was no national system of social security, the unemployed and their dependants relied on charitable organisations such as the Red Cross. Hoovervilles Those Americans who lost their homes as a result of becoming unemployed moved to the edges of towns and cities. They built homes of tin, wood and cardboard. These became known as Hoovervilles. There was even a Hooverville in Central Park, New York City. President Hoover was blamed for the lack of support and relief, and the sarcastic name for the dwellings soon caught on. It has been estimated that at their peak, several hundred thousand people across the USA lived in Hoovervilles. Hoovervilles had no running water or sewage systems and were therefore a public health concern for the towns and cities in which they were built. There were frequent attempts to move the inhabitants on, but there were still Hoovervilles in existence as late as 1941, when the federal government gave powers to state and city authorities to remove the Hoovervilles. There were other terms, heavy with irony, which used Hoover’s name: ActiVitY n ‘Hoover blankets’ were layers of newspapers n ‘Hoover flags’ were men’s trouser pockets turned inside out to show they had no money What does Source D show n you about Hoovervilles? ‘Hoover wagons’ were cars with horses tied to them because the owners could not afford petrol. Sample proofs: copyright material Source D: A Hooverville in Seattle. The Hooverville existed from 1932 to 1941 8 868146_WJEC_GCSE_History_01.indd 8 23/06/16 2:19 PM 1 Economic downturn and recovery The Bonus Marchers The Bonus Marchers were First World War veterans who had been promised a bonus for serving in the war, payable in 1945. The veterans felt that they could not wait that long to be paid. In May and June 1932, a Bonus Expeditionary Force, made up of over 12,000 unemployed and homeless veterans from all over the USA, marched to Washington DC to voice their support for a bill which would allow early payment of the bonuses.
Recommended publications
  • Alphabet Agencies
    Alphabet Agencies Alphabet Who this Details Relief, agency (Initials would Recovery or and in full) help... Reform Federal Emergency Relief Administration (FERA) • Led by Harry Hopkins, a • The government former social worker, this agency sent funds to gave each state depleting local relief $1 back for agencies. Within two hours, $5 million was every $3 spent given out . on the relief of • Gave Federal money to individual states to help poverty. Spent the homeless and $500 million in unemployed. total • Formed May 1933 Agricultural Adjustment Act (AAA) To help farmers to • Government increase their profits. money was used to • Schemes were pay farmers to introduced to reduce slaughter their their production and animals and to so to drive up the destroy their crops. price of their produce. • This was very • May 1933 controversial at a time when people were starving. National Recovery Administration (NRA) To encourage • Codes of practice were employers to drawn up minimum improve industrial wage, hour and conditions companies workers’ pay and that signed up to the conditions and to scheme were allowed charge fair prices to display the Blue Eagle Flag for goods From 1933-1935 This work is in the public domain because it is a work of the United States Federal Government. Tennessee Valley Authority (TVA) • Set up to help farmers • Provided cheap and others in the Hydroelectric Power to Tennessee valley half its the farms. population 2.5 million • 20 Dams were people were living below constructed to prevent the poverty line. flooding and provide • Farming had become cheap electricity. poor in the Tennessee • Millions of trees were valley due to over planted to prevent soil cultivating, flooding and erosion.
    [Show full text]
  • Grade 8 History Remote Learning Assignments: Week 2 for Each
    Grade 8 History Remote Learning Assignments: Week 2 For each day’s work, be sure to use all of the strategies that you have learned and answer the questions in Illuminate. Day Assignment Links Resources on Google Classroom Monday The New Deal Link to Illuminate https://www.youtube.com/w ● Read through the atch?v=0rjtOWn5mj0 3/30/202 packet and take notes Link to Google Classroom​ (LES) 0 on a separate sheet of https://www.youtube.com/w paper. *Packet is already in illuminate and on atch?v=WvcWeNf9g6A ● Answer the 2 Multiple Google Classroom Choice Questions and JOY: the Short answer https://www.youtube.com/w Response on *you must know your OSIS ID number in atch?v=hsw4B1PWZLQ order to submit your answers in Illuminate Illuminate. Tuesday Current events - Coronavirus Link to Illuminate Full article on CARES Act Stimulus Package https://apnews.com/be6a3 ● 3/31/202 Read through packet Link to Google Classroom​ (LES) 43cc5a8ee6672a135a968 0 ● Answer 2 multiple 49a4d4 choice questions and *Packet is already in illuminate and on short response Google Classroom question ● Answer bonus *you must know your ID number in order to question on Google submit your answers in Illuminate. Classroom Wednesday The Treaty of Versaille Link to illuminate Two very short and very ● Read through the helpful video clips from 4/1/2020 packet and analyze Link to Google Classroom​ (LES) Crash Course History about images The Treaty of Versaille ● Answer the 3 multiple *Packet is already in illuminate and on choice questions in Google Classroom https://www.youtube.com/ watch?v=0jycVFL8CNM Illuminate ● Answer the bonus https://www.youtube.com/ question on Google *you must know your ID number in order to watch?v=vrYhLNQMRro Classroom submit your answers in Illuminate.
    [Show full text]
  • Ch 15 the NEW DEAL
    Ch 15 THE NEW DEAL AMERICA GETS BACK TO WORK SECTION 1: A NEW DEAL FIGHTS THE DEPRESSION I. Americans Get a New Deal A. The 1932 presidential election show Americans ready for change 1. Republicans re- nominated Hoover despite his low approval rating 2. The Democrats nominated Franklin D Roosevelt Election of 1932 Roosevelt Hoover ROOSEVELT WINS OVERWHELMING VICTORY a. Democrat Roosevelt, known as FDR, was a 2- term governor of NY b. reform-minded; projects friendliness, confidence B. Democrats overwhelmingly win presidency, Senate, House • Greatest Democratic victory in 80 years FDR easily won the 1932 election Election of 1932 Roosevelt’s Strengths • http://www.history.com/topics/1930s/videos #franklin-roosevelts-easy-charm C. Roosevelt’s Background 1. Distant cousin of Theodore Roosevelt. Came from a wealthy New York family. 2. Wife Eleanor was a niece of Theodore Roosevelt. • Charming, persuasive. • ServeD as secretary of the navy anD New York governor. Franklin and Eleanor Franklin as a young man 3. Polio a. In 1921 Roosevelt caught polio, a crippling disease with no cure. b. Legs were paralyzed and he wore steel braces and a wheelchair later in life. Roosevelt in a wheelchair D. Inauguration (March 4, 1933) 20th Amendment =January 20, ratified Jan 23, 1933 1. Between the election and his inauguration, the Depression worsened. 2. High unemployment, more bank failures. Roosevelt Inaugural speech Roosevelt Inaugural speech "The only thing we have to fear is fear itself. Nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance." The New Deal • http://www.history.com/topics/1930s/videos #the-new-deal-how-does-it-affect-us-today E.
    [Show full text]
  • 1933–1941, a New Deal for Forest Service Research in California
    The Search for Forest Facts: A History of the Pacific Southwest Forest and Range Experiment Station, 1926–2000 Chapter 4: 1933–1941, A New Deal for Forest Service Research in California By the time President Franklin Delano Roosevelt won his landslide election in 1932, forest research in the United States had grown considerably from the early work of botanical explorers such as Andre Michaux and his classic Flora Boreali- Americana (Michaux 1803), which first revealed the Nation’s wealth and diversity of forest resources in 1803. Exploitation and rapid destruction of forest resources had led to the establishment of a federal Division of Forestry in 1876, and as the number of scientists professionally trained to manage and administer forest land grew in America, it became apparent that our knowledge of forestry was not entirely adequate. So, within 3 years after the reorganization of the Bureau of Forestry into the Forest Service in 1905, a series of experiment stations was estab- lished throughout the country. In 1915, a need for a continuing policy in forest research was recognized by the formation of the Branch of Research (BR) in the Forest Service—an action that paved the way for unified, nationwide attacks on the obvious and the obscure problems of American forestry. This idea developed into A National Program of Forest Research (Clapp 1926) that finally culminated in the McSweeney-McNary Forest Research Act (McSweeney-McNary Act) of 1928, which authorized a series of regional forest experiment stations and the undertaking of research in each of the major fields of forestry. Then on March 4, 1933, President Roosevelt was inaugurated, and during the “first hundred days” of Roosevelt’s administration, Congress passed his New Deal plan, putting the country on a better economic footing during a desperate time in the Nation’s history.
    [Show full text]
  • The Department of Justice and the Limits of the New Deal State, 1933-1945
    THE DEPARTMENT OF JUSTICE AND THE LIMITS OF THE NEW DEAL STATE, 1933-1945 A DISSERTATION SUBMITTED TO THE DEPARTMENT OF HISTORY AND THE COMMITTEE ON GRADUATE STUDIES OF STANFORD UNIVERSITY IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF PHILOSOPHY Maria Ponomarenko December 2010 © 2011 by Maria Ponomarenko. All Rights Reserved. Re-distributed by Stanford University under license with the author. This work is licensed under a Creative Commons Attribution- Noncommercial 3.0 United States License. http://creativecommons.org/licenses/by-nc/3.0/us/ This dissertation is online at: http://purl.stanford.edu/ms252by4094 ii I certify that I have read this dissertation and that, in my opinion, it is fully adequate in scope and quality as a dissertation for the degree of Doctor of Philosophy. David Kennedy, Primary Adviser I certify that I have read this dissertation and that, in my opinion, it is fully adequate in scope and quality as a dissertation for the degree of Doctor of Philosophy. Richard White, Co-Adviser I certify that I have read this dissertation and that, in my opinion, it is fully adequate in scope and quality as a dissertation for the degree of Doctor of Philosophy. Mariano-Florentino Cuellar Approved for the Stanford University Committee on Graduate Studies. Patricia J. Gumport, Vice Provost Graduate Education This signature page was generated electronically upon submission of this dissertation in electronic format. An original signed hard copy of the signature page is on file in University Archives. iii Acknowledgements My principal thanks go to my adviser, David M.
    [Show full text]
  • Response to the Dust Bowl • to Prevent Similar Disasters in the Future, the Department of Agriculture Started Extensive Programs in Soil‐Erosion Control
    (7) 21st Amendment • The Twenty‐first Amendment repealed the 18th Amendment to the US Constuon. • It ended Prohibion. • It is also the only amendment that was passed for the explicit and nearly sole purpose of repealing an earlier amendment to the Constuon. CONGRESS GETS BUSY • FDR’s philosophy was to get people help and work through “deficit” spending . • During the 100 Days, Congress passed more than 15 major pieces of legislaon that significantly expanded government’s role in the naon’s economy and welfare. TO DO LIST: #1 HELP BANKS • First order of business was to get the banking system in order. • On March 5, one day aer taking office, FDR declared a bank holiday. • He persuaded Congress to pass the Emergency Relief Act, which authorized the Treasury Department to inspect the naon’s banks. AMERICANS GAIN CONFIDENCE IN BANKS • Next, FDR passed the Glass‐ Steagall Act which established the Federal Deposit Insurance Corporaon. • The FDIC insured account holders up to $5,000 and set strict standards for banks to follow (today = $250,000) MORE 100 DAYS ACTIVITY • Federal Securies Act: SEC: Security Exchange Commission Required stock info to be accurate and truthful. • Agricultural Adjustment Act: (AAA) Raised crop prices by lowering producon. TVA‐ Tennessee Valley Authority: Focused on direct relief to a hard hit area – Gave the South electricity through hydroelectricity by creang ambious dam projects. ALPHABET AGENCIES • CCC – Civilian Conservaon Corps put young men to work • Men ages 18 to 25 worked building roads, parks, planng trees (200 million trees in Dust Bowl areas) • By 1942 three million men worked for the CCC.
    [Show full text]
  • 1 2016 New 1St 100 Days 20
    1 2 3 4 The First Hundred Days Americans voted for Franklin Delano Roosevelt in 1932 on the assumption that the Democrats would dole out more federal assistance than Hoover and the Republicans had. Indeed, immediately after taking the oath of office, FDR set out to provide relief, recovery, and reform in his bundle of programs known as the New Deal. Roosevelt drew much of his inspiration for the New Deal from the writings of British economist John Maynard Keynes, who believed that a government’s deficit spending could prime the economic pump and jump-start the economy. With the support of a panicked Democratic Congress, Roosevelt created most of the “alphabet agencies” of the First New Deal within his landmark First Hundred Days in office. The Banking Acts On March 6, 1933, two days after becoming president, Roosevelt declared a five-day national bank holiday to close banks temporarily. During Hoover’s presidency, roughly 1,500 banks had closed each year, and FDR hoped that a short break would give the surviving banks time to reopen on more solid footing. Several days later, Congress passed the Emergency Banking Relief Act, which gave Roosevelt the power to regulate banking transactions and foreign exchange. ESSENTIALLY, SINCE THIS INVOLVED LOANS, THIS WAS A BAILOUT OF THE BANKS!!!!!! Several months later, Congress passed the Glass-Steagall Banking Reform Act to protect savings deposits. The act, in turn, created the Federal Deposit Insurance Corporation (FDIC), which insured an individual’s savings of up to $5,000 (today, it insures deposits of up to $250,000).
    [Show full text]
  • The New Deal
    THE 1929 CRISIS AND THE NEW DEAL I/ The depression 1-Causes • Many stocks purchased as there was speculation • But rumors led to a chain reaction of massive stock selling Thursday, October 24, 1929 • Stock prices fell • Huge sums of money were lost Speculation is the purchase of an asset with the hope that it will become more valuable in the near future. ( Living on the profit someone else is expecting to make) 2- Results • Unemployment • Bank Failure • Loss of homes • “Hoovervilles” All over the country people were desperate… On top of that the drought triggered the Dustbowl which affected farmers… Causes of the Depression Demand Fewer goods People lose drops. are sold. their jobs. In order to stay in business The Spiral Even more people companies cut Of Lose their confidence wages And spend less money Depression People lose their confidence & Demand Companies are start saving their drops even forced to cut costs money further. by laying people off IN 1932 FRANKLIN ROOSEVELT TOOK OVER FROM HERBERT HOOVER. HE WAS A DEMOCRAT AND ENFORCED A NEW PROGRAM: THE NEW DEAL II/ ROOSEVELT’S NEW DEAL The program focused on what historians refer to as the "3Rs": relief for unemployed and poor recovery of the economy back to normal levels reform of the financial system to stop the crisis In FDR’s Inauguration Speech… This Nation asks for action, and action now. Our greatest primary task is to put people to work. I shall ask congress for broad executive power to wage was against the emergency. 1-The New Deal: Alphabet Agencies ( named after their acronym) The Alphabet Agencies were set up to help reverse the ‘Spiral of Depression.’ The main aim was to pump money back into the economy by giving the unemployed jobs.(Keynes‟ pump priming) Not everyone within the Democratic Party agreed exactly how this should be done.
    [Show full text]
  • Franklin D. Roosevelt Biography U.S
    Franklin D. Roosevelt Biography https://www.biography.com/people/franklin-d-roosevelt-9463381 U.S. President (1882–1945) Franklin D. Roosevelt was the only U.S. president to be elected four times. He led the United States through the Great Depression and World War II. Franklin Delano Roosevelt Franklin Delano Roosevelt (January 30, 1882 to April 12, 1945) was the 32nd American president. FDR, as he was often called, led the United States through the Great Depression and World War II, and greatly expanding the powers of the federal government through a series of programs and reforms known as the New Deal. Stricken with polio in 1921, Roosevelt spent much of his adult life in a wheelchair. A whole generation of Americans grew up knowing no other president, as FDR served an unprecedented four terms in office. Roosevelt’s social programs reinvented the role of government in Americans' lives, while his presidency during World War II established the United States' leadership on the world stage. Fireside Chats On March 12, 1933, just eight days after first taking office, Roosevelt initiated his first of more than 30 fireside chats. Broadcast live on the radio from the White House, the earnest and accessible speeches were a powerful tactic to rally American support around FDR’s New Deal and World War II policies. FDR and the New Deal Within his first 100 days after taking office in March of 1933, Roosevelt called for a "New Deal" for Americans, proposing sweeping economic reforms to address the Great Depression. The greatest crisis in American history since the Civil War, 13 million Americans were unemployed and hundreds of banks were closed.
    [Show full text]
  • Praise for the Socialism Survival Guide
    The Socialism Survival Guide Copyright © 2020 by Stansberry Research. All Rights Reserved. All rights reserved. No part of this book may be reproduced in any form or by any electronic or mechanical means including information storage and retrieval systems, without permission in writing from the author. The only exception is by a reviewer, who may quote short excerpts in a review. Edited by Steven Longenecker Designed by Lauren Thorsen Cover photo credit: iStock/btgbtg Stansberry Research Visit our website at www.StansberryResearch.com First Edition: April 2020 ISBN: 978-1-7338773-3-6 About Stansberry Research Founded in 1999 and based out of Baltimore, Maryland, Stansberry Research is the largest independent source of financial insight in the world. It delivers unbiased investment advice to self-directed investors seeking an edge in a wide variety of sectors and market conditions. Stansberry Research has nearly two dozen analysts and researchers – including former hedge-fund managers and buy-side financial experts. They produce a steady stream of timely research on value investing, income generation, resources, biotech, financials, short- selling, macroeconomic analysis, options trading, and more. The company’s unrelenting and uncompromised insight has made it one of the most respected and sought-after research organizations in the financial sector. It has nearly 200 employees and serves 240,000-plus customers in more than 120 countries. Praise for The Socialism Survival Guide “Buck Sexton tells the truth about ‘democratic socialism’ – that there’s no truth in it. Democratic socialism is all lies. “There’s nothing ‘democratic’ about having the government run your whole life.
    [Show full text]
  • American-True-History.Pdf
    “Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and he people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the maladministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it”. — Louis T. McFadden, Chairman of the House Banking Committee -June 10, 1932 - April 11, 1962 1911: A new social pyramid for the industrial age (as presented by The International Workers of the World) The Trail of Blood People Who Opposed the Central Bank The Signers of the Constitution 1776. The War of 1812 against the British (again) We the people of America have escaped THE SIGNERS OF THE CONSTITUTION the Revolutionary War.”- Benjamin Franklin Europe to be free from the Banks. Our The Revolution was fought for Independence forefathers formed armies to protect us from from England’s Central Banking System, Ben Franklin answering a question about the these evil institutions and warned us all of as well as for Freedom from English Taxa- booming economy of the young colonies: the future which would come if we ever let tion.
    [Show full text]
  • The New Deal and the Modernization of the South [Forthcoming in Federal History]
    The New Deal and the Modernization of the South [Forthcoming in Federal History] By Gavin Wright Inspired by the parallels between the 1930s and the current economic crisis, debate now rages over the economic successes and failures of Franklin Roosevelt’s New Deal. One dimension of the historical record has been largely absent from these discussions: the impact of federal programs on the economy of the South. This article draws upon recent research to make the case that the New Deal era constituted a turning point in regional economic development, a watershed if not an instantaneous revolution. The survey proceeds in two parts. In the first, I assemble evidence on regional economic modernization, with no reference to the issues of racial and class justice that have dominated most of the historical literature as the gauge of regional transformation. The second part considers the implications of this modernization for the racial and political order of the South. A few disclaimers at the outset may be in order. The term “modernization” is intended merely as a convenient aggregator for features of the economy commonly associated with development, such as roads, power, sewage systems, public health, literacy, and technological sophistication. It does not imply adherence to a universal theory of progress. Similar latitude applies to the term “recent.” David Goldfield writes: “It may be argued that southern economic development and urbanization holds much less drama than, say, the stories of slavery, segregation, civil rights, labor and agricultural work and tenure, and that the historiography will build more slowly as a result.”1 This observation seems accurate, and justifies a survey of scholarship across “recent decades” rather than “recent years.” Nonetheless the accumulation of evidence confirms the New Deal’s transformative effect on the southern economy.
    [Show full text]