Showing posts from January 21, 2018

The Film Archives: Jonathan Alter- How FDR Saved Capitalism, America & Changed The World

Source: This piece was originally posted at FRS Daily View Plus

To understand the FDR Presidency I believe you have to understand the 1930s especially 1933 and the state of the union then. Franklin Roosevelt becomes President of the United States in March, 1933 during the Great Depression. The worst economic period in American history. With over 20% unemployment and poverty at around 40%. Businesses and banks collapsing everyday, more people getting unemployed everyday. Food lines, food banks, and soup kitchens, not just open but flooded wth people who just recently were employed and working middle class jobs. Being unemployed, bankrupt, and in poverty, were common experiences back in the early 1930s in America.

There was this feeling that American capitalism and private enterprise, was facing and collapsing and that it needed to be seriously reformed and perhaps even replaced. Not just socialism but communism, was looking okay and looking like a reasonable alternative to liberal dem…