Global Recession: Causes, Consequences, Fixes, Part 1

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Last time we had this much mess was in 1930s. When Roosevelt took office, 13,000,000 were unemployed, a huge number considering U.S. population at that point. He beat incumbent Herbert Hoover in the middle of great depression. He is often voted as the most liberal president in U.S. history. His “new deal” for economic recovery looked radical, but worked, until it was gradually shed off by step-by-step counter legislation.

Please refer to article “Franklin D. Roosevelt” on Whitehouse.gov. It states:
“Assuming the Presidency at the depth of the Great Depression, Franklin D. Roosevelt helped the American people regain faith in themselves.”
“Born in 1882 at Hyde Park, New York–now a national historic site–he attended Harvard University and Columbia Law School.”
“Following the example of his fifth cousin, President Theodore Roosevelt, whom he greatly admired, Franklin D. Roosevelt entered public service through politics, but as a Democrat.”
“In the summer of 1921, when he was 39, disaster hit-he was stricken with poliomyelitis.”
“He was elected President in November 1932, to the first of four terms.”
“By 1935 the Nation had achieved some measure of recovery, but businessmen and bankers were turning more and more against Roosevelt’s New Deal program.”
“In 1936 he was re-elected by a top-heavy margin.”
“Roosevelt had pledged the United States to the “good neighbor” policy,”
“When the Japanese attacked Pearl Harbor on December 7, 1941, Roosevelt directed organization of the Nation’s manpower and resources for global war.

“Feeling that the future peace of the world would depend upon relations between the United States and Russia, he devoted much thought to the planning of a United Nations, in which, he hoped, international difficulties could be settled.”

As the war drew to a close, Roosevelt’s health deteriorated, and on April 12, 1945, while at Warm Springs, Georgia, he died of a cerebral hemorrhage.”
Please, read the article “Franklin D. Roosevelt” on Wikipedia. It mentions:
“Franklin Delano Roosevelt (play /ˈroʊzəvɛlt/ roh-zə-vɛlt or play /ˈroʊzəvəlt/ roh-zə-vəlt; January 30, 1882 – April 12, 1945), also known by his initials, FDR, was the 32nd President of the United States (1933–1945) and a central figure in world events during the mid-20th century.”
“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), and reform (through regulation of Wall Street, banks and transportation).”
“As World War II loomed after 1938, with the Japanese invasion of China and the aggressions of Nazi Germany, FDR gave strong diplomatic and financial support to China and Britain, while remaining officially neutral.”
“Roosevelt dominated the American political scene, not only during the twelve years of his presidency, but for decades afterward.”
“Roosevelt is an Anglicized form of the Dutch surname ‘Van Rosevelt,’ or ‘Van Rosenvelt’, meaning ‘from field of roses.'”
“One of the oldest families in New York State, the Roosevelts distinguished themselves in areas other than politics.”
“Roosevelt was born on January 30, 1882, in the Hudson Valley town of Hyde Park, New York. His father, James Roosevelt, and his mother, Sara Ann Delano, were sixth cousins”

“Nothing to Fear” Sample of the Inaugural speech from FDR

“Roosevelt grew up in an atmosphere of privilege.”
“Roosevelt attended Groton School, an Episcopal boarding school in Massachusetts; ninety percent of the students were from families on the social register.”
“Roosevelt entered Columbia Law School in 1904, but dropped out in 1907 after he passed the New York State Bar exam.”
“On March 17, 1905, Roosevelt married Eleanor despite the fierce resistance of his mother.”
“Although Eleanor had an aversion to mating, and considered it “an ordeal to be endured”; they had six children, the first four in rapid succession:

Anna Eleanor (1906–1975; age 69)
James (1907–1991; age 83)
Franklin Delano, Jr. (March 18, 1909 – November 7, 1909)
Elliott (1910–1990; age 80)
a second Franklin Delano, Jr. (1914–1988; age 74)
John Aspinwall (1916–1981; age 65).”
“Roosevelt allegedly had affairs outside his marriage, including one with Eleanor’s social secretary Lucy Mercer which began soon after she was hired in early 1914.”
“Roosevelt allegedly had affairs outside his marriage, including one with Eleanor’s social secretary Lucy Mercer which began soon after she was hired in early 1914.”
“Roosevelt’s dog, Fala, also became well known as Roosevelt’s companion during his time in the White House, and was called the “most photographed dog in the world.””
“In the State election of 1910, Roosevelt ran for the New York State Senate from the district around Hyde Park in Dutchess County, which had not elected a Democrat since 1884.”
“Franklin D. Roosevelt was appointed Assistant Secretary of the Navy by Woodrow Wilson in 1913 and served under Secretary of the Navy Josephus Daniels.”
“In 1914, Roosevelt made an ill-conceived decision to run for the U.S. Senate seat for New York.”
“In March 1917, after Germany initiated its submarine warfare campaign, Roosevelt asked Wilson for permission, which was denied, to fit the naval fleet out for war.”
“During these war years, Roosevelt acted to make peace with the Tammany Hall forces, and in 1918 the group actually supported others in an unsuccessful attempt to convince him to run for governor of New York.”
“The 1920 Democratic National Convention chose Roosevelt by acclamation as the candidate for Vice President of the United States.”
“In August 1921, while the Roosevelts were vacationing at Campobello Island, New Brunswick, Canada, Roosevelt contracted an illness diagnosed then as polio which resulted in permanent paralysis from the waist down; this diagnosis has since been questioned.”
“Roosevelt’s “First 100 Days” concentrated on the first part of his strategy: immediate relief.”
“Relief measures included the continuation of Hoover’s major relief program for the unemployed under the new name, Federal Emergency Relief Administration.”
“Reform of the economy was the goal of the National Industrial Recovery Act (NIRA) of 1933.”
“Recovery was pursued through “pump-priming” (that is, federal spending).”
“Executive Order 6102 made all privately held gold of American citizens property of the U.S. Treasury.”
“Roosevelt tried to keep his campaign promise by cutting the federal budget, including a reduction in military spending from $752 million in 1932 to $531 million in 1934 and a 40% cuts in spending on veterans’ benefits.”

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Read our articles Get Mad! Country Going Down, Part 11 and Global Recession: Causes, Consequences, Fixes, Part 2

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