AFAM 2000H Lecture Notes - Lecture 9: Franklin D. Roosevelt, Savings Account, Southern Democrats
23 May 2016
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Income: money obtained from work, retirement, or government aid. Wealth: assets that make money (stocks, bonds, saving accounts, real estate, business, farms, etc. ) President franklin roosevelt responded to the great depression with the new deal. Social programs dealing with welfare, work, unemployment insurance, minimum wage, workday limitations, social security, and veteran assistance. Southern democrats forced northern democrats into a devil"s bargain. Either you design new deal policies in such a way that jim crow remains perched atop his roost, or we will align with the republicans and veto them. Many non whites were denied benefits because their occupation (ex farmworker, maid) was not covered by the new deal. As women and nonwhites entered manufacturing jobs, the taft-hartley act diminished the power of unions. Nonwhite often were denied military enlistment until the final throes of war, excluding them from the gi bill of rights. The gi bill forged the american middle class. The us spent 95 billion in social benefits.
