ShmoopTube

Where Monty Python meets your 10th grade teacher.

Search Thousands of Shmoop Videos

U.S. History 1877-Present 8.6: FDR and the First Hundred Days 27 Views


Share It!


Description:

What if we told you that you could retire for free as long as you agreed to stop working and spend a bunch of money? Unfortunately for the 60+ crowd, that plan is little too good to be true.

Language:
English Language

Transcript

00:03

Looking back on history, we know that the Great Depression never [Old silent film type title]

00:06

caused a massive political revolution. The grubby masses never rose up in one

00:12

great hoard and destroyed the long-established system of democratic

00:16

capitalism that had seemingly failed them. Well, why not? Maybe they were too [Horde of people charging at capitalism sign fade away]

00:20

hungry, or maybe they still had some faith that capitalism could make a

00:25

comeback. Well, the only major long-lasting set of reforms that took

00:29

root during the Depression was FDR's New Deal. Yep, it permanently enlarged the

00:34

role of the federal government and reigned in the wild and woolly free [Federal government emblem grows bigger and drags capitalism sign in with a rope]

00:37

market for half a century. But the New Deal was mild compared to some of the

00:41

other reform ideas that sprouted during the Great Depression. Like how about

00:45

communism? Yeah, the made-in-America kind. Yep, some Americans saw the crash of 1929

00:50

as definite proof that Karl Marx was right. According to the granddaddy of

00:55

communism, capitalism contained within it the seeds of its own destruction, and

00:59

when capitalism took a belly flop, it sure looked like Karl was right. It also [Karl Marx standing over capitalism]

01:03

looked pretty painful. Maybe stick to cannonballs next time there, pal. Of

01:07

course, Marx's next prediction was that the proletariat, or the working class,

01:12

would bravely rise up in rebellion, but that never happened in America. Some say this [Clenched fist rises in front of USA flag then falls back down]

01:18

was because American communists were actually too extreme in their beliefs

01:21

and refused to be buddies with other leftist movements. Come on, there,

01:25

communists, why can't you play nice? One leftist leader who caught flak from the

01:29

communists was none other than staunch socialist Upton Sinclair. Yeah, he's that

01:34

guy, who had inadvertently caused radical upgrades in the meatpacking industry [Finger points to Upton Sinclair]

01:38

with his gross-out novel, The Jungle. He attempted even more radical political

01:44

change during the Depression. How did Upton do it? Well, Sinclair ran for

01:47

governor of California and actually managed to win the Democratic primary.

01:51

Upton said the New Deal wasn't doing any real good and he built up steam by

01:56

founding EPIC, or "End Poverty In California," not to be confused with "Every [Upton Sinclair standing at a podium]

02:02

Poodle Is Cool," which gains no steam at all. The idea was that the unemployed

02:07

would be put to work in state-run factories and farms. The jobless would

02:11

grow their own food or produce their own clothing and other goods. Any

02:15

surplus could be traded through a system of barter, only for other goods produced

02:19

within the system. To plenty of struggling Californians, this incredibly

02:22

radical and idealistic idea sounded pretty sweet, and after an onslaught of [Sinclair supporter smiling with thumbs up]

02:27

attacks from both the left and the right, Sinclair lost the election by about

02:33

260,000 votes. That might sound like a lot, but this might be the closest

02:37

America ever came to something approaching a Marxist revolution, and it

02:41

did so through the democratic process. Minds blown. Another radical scheme that [Marx's head explodes]

02:46

swept the nation was a thing called the Townsend Plan. It got old people going

02:50

like a double dose of Metamucil. It all started with Francis Townsend, a 66 year-

02:55

old retired country doctor from California. Dr. Townsend figured

02:59

the two fundamental problems underlying the Depression were too little consumer

03:03

spending on the one hand and too many workers seeking too few jobs on the other [Francis Townsend addressing problems]

03:08

So the doc said that all we had to do was hike up the national sales tax to

03:13

fund a two hundred dollar a month monthly pension for all Americans over

03:17

age 60 who pledged not to work, and to spend the full amount within the month.

03:23

Well, this way, the elderly would clear the way for young people to have the

03:26

jobs, and all the mandatory spending would give the economy a kick in the

03:29

butt. Well, even though Johnson's plan might kind of sound sort of feasible, it

03:34

had, well, at least one teensy-weensy problem: it would have absorbed half the national

03:39

income. In other words, it would have taken a sucky situation and made it way

03:43

worse. Sorry, old people. Didn't mean to get you excited there. Anyway, even though [Unhappy looking elderly person]

03:47

Townsend gained millions of followers, who also never took economics in high school,

03:52

his plan eventually tanked. In the end, the wind was taken out of Townsend's sails by

03:57

FDR's social security legislation, which passed in 1935 and hooked the elderly up

04:02

with federal pensions. Even though social security benefits initially were only

04:07

about one-tenth of those called for by Dr. Townsend, they were enough to dull

04:11

the doc's momentum. Still, we gotta hand it to Townsend. What he was calling for may [Elderly person holding up check]

04:15

have sounded crazy, but chances are social security might not exist if FDR

04:20

hadn't felt the need to head the doc off at the pass. And yeah, we just used an

04:25

old-school western term so that old people would know what

04:28

we're talking about there. Though, maybe we should have said it a bit louder... [Confused elderly person at a computer]

04:32

Metamucil!

Up Next

Why Does the Constitution Still Work for Us?
5723 Views

Ever heard of a "living document"? They eat and breathe just like the rest of us! They even walk around on their own two legs. Okay, fine—maybe t...

Related Videos

The Puritans and the Division of Church and State
1280 Views

If the Puritans had gotten their way, religion would play a much larger role in lawmaking these days. Want to know more? Watch the video for all th...

Shays' Rebellion
6383 Views

What happened between the creation of the Articles of Confederation and the ratification of the current U.S. Constitution? This video analyzes the...

There's More Than One Way to Crack a Modernist Egg
539 Views

The Modernists thought the world had a lot of problems, and they were intent on fixing them—or at least talking about fixing them. Unfortunately,...

Federalism
2532 Views

This video explains Federalism and the quest for a fair balance between state and national power. It covers the progression and compromises of Fede...