HISTORY 102 Lecture Notes - Lecture 24: Second New Deal, American Liberty League, Bonus Army
Document Summary
Revenue act of 1935 increased income tax to rates as high as 75%, fdr attacked the rich as. Economic royalists , new dealers claimed privately that law was stealing huey long"s thunder , American liberty league (1934) challenged the nd, bipartisan group composed of mainly business people, believed nd was violating the constitution by giving the fed. Govt. too much power over the people, al smith was a member, was politically weak bc it never attracts many people. Schechter poultry corp v. u. s. (1935) overturned the nra because it attempted to regulate commerce within states, where as the constitution only gave the fed. Govt power over interstate trade, inspired fdr"s attempt to pack the court with the judicial reorganization act. Fascism was spreading in europe rather than democracy at the time of fdr"s election, democracy was seen as unable to cope with the gd.