Roosevelt’s first war…on the Depression

Franklin D. Roosevelt was elected to four term...
Image via Wikipedia

By late winter 1933, the nation had already endured more than three years of economic depression. Statistics revealing the depth of the Great Depression were staggering. More than 11,000 of 24,000 banks had failed, destroying the savings of depositors. Millions of people were out of work and seeking jobs; additional millions were working at jobs that barely provided subsistence. Currency values dropped as the deflationary spiral continued to tighten and farm markets continued to erode.

During the previous summer the Democratic Party had unveiled a generalized plan for economic recovery in its platform. They called their platform a “contract” and set forth in it a series of provisions to remedy the economic disaster. Although frequently lacking specifics, the platform addressed a wide range of issues: among them were agricultural relief, Prohibition, unemployment, and old age insurance. While not followed very closely by Franklin Roosevelt’s administration, the platform did indicate that election of the Democratic candidate would result in unprecedented governmental growth to deal with the problems pressing on the nation. Roosevelt set about to prepare the nation to accept expansion of federal power. Roosevelt recognized that the programs he was about to introduce for congressional legislative action to relieve the dire effects of the Great Depression were unprecedented in peacetime.

In his 1933 inaugural address Roosevelt stated: “Our Constitution is so simple and practical that it is possible always to meet extraordinary needs by changes in emphasis and arrangement without loss of essential form. That is why our constitutional system has proved itself the most superbly enduring political mechanism the modern world has produced. It has met every stress of vast expansion of territory, of foreign wars, of bitter internal strife, of world relations.” Yet, at the same time, he was prepared to recommend measures that he knew could succeed only with strong public pressure in support of extraordinary federal powers to deal with “extraordinary needs.”

The first document featured with this article is the speech given on Inauguration Day in March 1933. It is particularly memorable for its attack on the psychology of the Great Depression. Less memorable but more enduring is the justification that Roosevelt planned to use to expand the power of the federal government to achieve his legislative objectives and thereby ease the effects of the Great Depression. Woven throughout his inaugural address was his plan. He aimed to declare war on the Great Depression and needed all the executive latitude possible in order to wage that war. For in addition to his famous statement “the only thing we have to fear is fear itself,” he also said “I shall ask the Congress for the one remaining instrument to meet the crisis — broad Executive power to wage a war against the emergency, as great as the power that would be given to me if we were in fact invaded by a foreign foe.”

Resources

Graham, Otis L., Jr. An Encore for Reform: The Old Progressives and the New Deal. New York: Oxford University Press, 1967.

Leuchtenburg, William. Franklin D. Roosevelt and the New Deal, 1932-1940. New York: Harper and Row, 1963.

Advertisements
This entry was posted in A Level History, American History, Economic History, Historical Interpretation, History, History in the news, Hoover, Roosevelt, Seventeeth Century, Wall Street Crash and tagged , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s