ISS 225 Lecture Notes - Protectionism
26 Feb 2014
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Document Summary
The new deal fair deal era (1933-1953) The new deal comes from the acceptance speech from fdr gave his presidential inauguration. The great depression: causes weak spots in agriculture and construction, heilbroner view: misdistribution of income: 80 & of americans had no discretionary income , protectionism: the smoot-hawley tariff, us banking systems. I am a christian and a democrat. (he is so vague, in terms of what he would do: pledged in 1932 campaign to balance budget. The braintrust: harvard and columbia comes to washington: keynes" legacy, roosevelt"s reforms in keys areas of economy (alphabet soup agency) Second aaa passed (1938) after supreme court ruled rst one unconstitutional in 1935. The theory behind the second one was conservation. We had to restore con dence in the banking system so we created the federal deposit. The rst 100 days: 15 major laws enacted. Wagner act: right to self organize, form or join a union and to bargain.
