HIUS 2002 Lecture Notes - Lecture 12: Investment Banking, Federal Deposit Insurance Corporation, Gerard Swope
Document Summary
The two main policy-making alternatives were to generate wealth by stimulating market mechanisms or to engage in the politics and programs of redistribution in the name of social justice. The new deal programs favored means of generating wealth instead of redistributing it. The roosevelt administration pushed the concept of security to the center of national politics in the 1930s, but not alabama senator hugo black"s share the work movement, supported by. Ii the first hundred days: the first new deal or stop the mess. Most of it was improvisation not ideology: let"s see if it works. Not well thought out, it was a bit of everything. Reserve could print money even without having the actual gold in the reserve. Radical movement no one knew they could do that. Home owner"s loan corporation, federal housing administration, national housing act. Help states give money to the poor. Save the homeowners from foreclosure with the new agency holc.