The Unfinished Nation: Chapter 26 The New Deal
Chapter 26 Main Themes:
- The flurry of New Deal programs offered by FDR to
combat the Depression, and how they played out in the realms of economic
confidence, agriculture, industrial recovery, and regional planning.
- The critics on the right and left of New Deal
policies, and how they inspired Roosevelt to launch what's referred to as
the "Second New Deal."
- The challenges facing the New Deal after
Roosevelt's landslide in 1936, particularly increasing conservative
opposition, his own political blunders, and continuing hard times.
- The economic, political, and party legacies of
Franklin Roosevelt's New Deal.
A thorough study of Chapter 26
should enable the student to understand:
- The series of emergency measures enacted by
Roosevelt immediately after his inauguration and designed to restore
- The New Deal programs for raising farm prices and
promoting industrial recovery.
- The first federal efforts at regional planning.
- The political pressures from both the left and
the right that spurred FDR to embrace both federal relief programs and
Social Security after 1935.
- The changes in the strategies of organized labor
during the New Deal period.
- The effects of both the Court-packing scheme and
the recession of 1937 on the New Deal.
- The impact of the New Deal on minorities and
- The lasting significance of the New Deal to the
American economy and political system.
- The varying historical assessments of the New
Craft Union The
idea of organizing workers according to their skills, as exemplified by the
member unions of the American Federation of Labor (AFL).
Unionizing approach which
argued that all workers in a particular industry should be organized in a
single union, regardless of what functions the worker performed. This became
the founding ideal of the Congress of Industrial Organizations (CIO).
Refinance To renew or
reorganize financing-- often achieved in a process whereby an existing loan or
mortgage is paid off with the proceeds of a new loan secured by the same
collateral. Refinancing is often undertaken to avoid foreclosure. The new loan
is usually at a lower interest rate for a longer term and with lower payments.