Herbert Hoover
Franklin D. Roosevelt
71st Congress
James E. Watson
Nicholas Longworth
72nd Congress
John Nance Garner
73rd Congress
Henry T. Rainey
Joseph T. Robinson
74th Congress
Joseph W. Byrns
Robert F. Wagner
75th Congress
Alben Barkley
William B. Bankhead
76th Congress
Carl Hatch
National Recovery Administration
Public Works Administration
National Labor Relations Board
Works Progress Administration
Smoot-Hawley Tariff Act
Reconstruction Finance Corporation
Revenue Act of 1928
Revenue Act of 1932
Agricultural Adjustment Act
Civilian Conservation Corps
Emergency Banking Relief Act
Glass-Steagall Act
Home Owners' Loan Corporation
National Industrial Recovery Act
Securities Act
Tennessee Valley Authority
Revenue Act of 1934
Revenue Act of 1935
Social Security Act
Wagner Act
Revenue Act of 1936
Rural Electrification Act
Undistributed Profits Tax
Civil Aeronautics Act
Fair Labor Standards Act
Hatch Act
Neutrality Act of 1939
Democratic Party History
Republican Party History
1928 US House Elections
1928 US Senate Elections
1930 US House Elections
1930 US Senate Elections
1932 US House Elections
1932 US Senate Elections
1934 US House Elections
1934 US Senate Elections
1936 US House Elections
1936 US Senate Elections
1938 US House Elections
1938 US Senate Elections
Gold Standard
Great Depression
Wall Street Crash of 1929
Creditanstalt Bank
Recession of 1937
Causes of the Great Depression
The Great Depression
Economic Recovery in the Great Depression
Andrew Mellon
Samuel Insull
Schechter Poultry Corp. v. United_States
Hoover Acts to Keep Wages and Prices Up
Bailing Out Businesses with the RFC
President: Hoover (R); Senate: Watson (R-IN); House: Longworth (R-OH).
President: Hoover (R); Senate: Watson (R-IN); House: Longworth (R-OH).
In the 1930 US Senate Elections the Democrats gained 8 seats from the Republicans. In the 1930 US House Elections the Democrats gained 52 seats. In the 72nd Congress the Republicans controlled the Senate with 48-47 seats, and the Democrats controlled the House with 217-217 seats.
President: Hoover (R); Senate: Watson (R-IN); House: Garner (D-TX).
President: Hoover (R); Senate: Watson (R-IN); House: Garner (D-TX).
In the November presidential election campaign, Governor Franklin D. Roosevelt of New York criticized the incumbent President Hoover for increasing government spending, blocking trade, and putting millions of Americans on the dole. Governor Roosevelt won the election in a landslide of 42 states to 6 and a popular vote of 57 to 40 percent over President Hoover. In the Senate elections the Democrats picked up 12 seats, and in the House elections an additional 97 seats. In the new 73rd Congress the Democrats controlled the Senate with 59-36 seats, and in the House with 313-117 seats.
President: Roosevelt (D); Senate: Robinson (D-AR); House: Rainey (D-IL).
In the famous First 100 Days that followed, Roosevelt rammed through Congress an Emergency Banking Relief Act to take the United States off the Gold Standard and reopen the banks, a Civilian Conservation Corps to give jobs to the unemployed, an Agricultural Adjustment Act to subsidize farmers, a Tennessee Valley Authority Act to build federal dams and electric generating plants, a Securities Act to establish the Securities and Exchange Commission, a Home Owners' Loan Corporation, the Glass-Steagall Act to separate deposit banking and investment banking, and a National Industrial Recovery Act (NIRA) that established a National Recovery Administration to promote economic recovery through price fixing, detailed business regulation, and labor regulation. The NIRA included $3.3 billion of spending stimulus through the Public Works Administration. Congress also repealed Prohibition, the eighteenth amendment to the Constitution.
President: Roosevelt (D); Senate: Robinson (D-AR); House: Rainey (D-IL).
But the New Deal zealots also found more humble folk in their sights, the Schechter brothers, who operated a kosher live poultry business in Brooklyn. The New Dealers found them in violation of the business codes of the National Industrial Recovery Act and took them to court. A year later the US Supreme Court overruled the government and found for the Schechters.
In the November Senate elections the Democrats gained 9 seats over the Republicans. In the House elections the Democrats gained 9 seats, the Republicans lost 14 seats, and the new Progressive Party gained representation in the House with 7 seats. In the 74th Congress the Democrats achieved a 69-25 majority, and in the House a 322-103 majority over the Republicans.
President: Roosevelt (D); Senate: Robinson (D-AR); House: Byrns (D-TN).
The Social Security Act inaugurated a government pension system funded by a 2 percent tax on the first $3,000 of payroll income to begin in 1937. The act also included unemployment insurance, aid to the states for health and welfare programs, and the Aid to Dependent Children program.
President: Roosevelt (D); Senate: Robinson (D-AR); House: Byrns (D-TN).
In the presidential election campaign, President Roosevelt swept the election in a landslide of 46 states to 2 and a popular vote of 61 to 37 percent over Kansas Governor Alf Landon. In the Senate elections the Democrats picked up 5 net seats, and in the House elections an additional 12 seats. In the new 75th Congress the Democrats reached a high water mark, controlling the Senate with 76-16 seats, and in the House with 334-88 seats.
President: Roosevelt (D); Senate: Barkley (D-KY); House: Bankhead (D-AL).
President: Roosevelt (D); Senate: Barkley (D-KY); House: Bankhead (D-AL).
In the off-year elections of the Roosevelt second term the president's party suffered its first losses since 1928. In the Senate elections the Democrats lost 6 seats to the Republicans. In the House elections the Democrats lost 72 seats, the Republicans gained 81 seats, and the Progressive Party lost 6 seats. In the 76th Congress the Democrats maintained a commanding 68-23 majority in the Senate and a substantial 262-169 majority in the House.
President: Roosevelt (D); Senate: Barkley (D-KY); House: Bankhead (D-AL).
Meanwhile, after the Republican surge of 1938 it was time for payback, and Congress passed the Hatch Act which forbade federal employees from engaging in political activities. The bill was sponsored by Senator Carl Hatch (D-NM) after disclosures about employees of the Works Progress Administration using their positions to win Democratic votes.
With isolationism a political factor Congress passed a Neutrality Act requiring all belligerents in the World War to pay cash for munitions (i.e., "cash and carry"). In practice this policy favored Britain and France since they had control of the oceans.
1929-1939: A Decade that will live in stupidity.
Seventy years ago the leaders of both US political parties turned away from the policies that had created an economic powerhouse we call the Roaring Twenties. For ten long years Americans suffered through wrenching economic dislocations: deflation, inflation, a four-year economic contraction, endless unemployment, mindless political experiments, and ruthless attacks on businessmen for political gain as their leaders stayed Stuck on Stupid.
Today, after a twenty-five year economic boom, Americans are once more faced with a political elite that wants to monkey with success. It wants to raise tax rates. It wants to restrict trade. It wants to increase government power.
Its time to look back and remind ourselves how it came to be, starting in 1929, that America got itself Stuck on Stupid. Otherwise it could happen again.
Christopher Chantrill
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