Roosevelt Recession

(noun)

The major 1937-38 economic downturn that occurred in the United States in the midst of the Great Depression, known also as the Recession of 1937-38.

Related Terms

  • Thurman Arnold
  • The Chicago Plan

Examples of Roosevelt Recession in the following topics:

  • Reaction and Recession

    • The Recession of 1937–1938 was an economic downturn that occurred during the Great Depression.
    • Considering the downturn to be evidence that the New Deal did not work, the President's opponents referred to it as the Roosevelt Recession.  
    • In the months of the 1937-38 recession, the trends reserved rapidly.
    • The Roosevelt administration applied two major strategies in order to reverse the crisis.
    • Furthermore, some earlier efforts of the Roosevelt administration coincided with the 1937-38 recession.
  • The Last of the New Deal Reforms

    • The Third New Deal usually refers to the period around and following the Recession of 1937-38 with some pointing to the the 1939 Reorganization Act (which allowed the President to reorganize the executive branch) as the end of the final phase of the New Deal.  
    • The Roosevelt administration was under assault and the President's opponents even referred to the crisis as the Roosevelt Recession.
    • The anti-monopoly campaign aimed to hurt big business that Roosevelt and his advisers saw as obstructing economic recovery.
    • However, the Roosevelt administration failed to pass any major trust-busting legislation.
    • Examine the last New Deal programs pushed through by the Roosevelt administration
  • Legislative Achievements of the Second New Deal

    • The Social Security Act was drafted during Roosevelt's first term by the President's Committee on Economic Security, under Frances Perkins, and passed by Congress as part of the New Deal.
    • By signing this act on August 14, 1935, President Roosevelt became the first president to advocate federal assistance for the elderly.
    • As a response to the the Supreme Court striking down many pieces of Roosevelt's New Deal legislation, Roosevelt attempted to pack the court via the Judicial Procedures Reform Bill of 1937.
    • In the months between his second inauguration and September of 1937, Roosevelt ordered a reduction in federal spending on emergency employment projects.
  • Continuing Hardships

    • In 1937 the economy went into a recession, causing unemployment to grow and productivity to drop again.
    • The Roosevelt administration achieved marked sucess in Roosevelt's first term.
    • However, in 1937, the economy went into a recession, causing unemployment to grow and productivity to drop again.
    • The Roosevelt Administration reacted with a rhetorical campaign that cast monopoly power as the cause of the depression.
    • Identify the New Deal policies enacted to combat the recession of 1937
  • Recessions

    • A recession is a business cycle contraction; a general slowdown in economic activity.
    • In economics, a recession is a business cycle contraction; a general slowdown in economic activity.
    • When these relationships become imbalanced, recession can develop within a country or create pressure for recession in another country.
    • Most mainstream economists believe that recessions are caused by inadequate aggregate demand in the economy, and favor the use of expansionary macroeconomic policy during recessions.
    • As an informal shorthand, economists sometimes refer to different recession shapes, such as V-shaped, U-shaped, L-shaped, and W-shaped recessions.
  • Expanding Federal Power

    • A major part of Roosevelt's legacy is his conception of the executive branch as a source of regulatory powers for the "good" of the nation.
    • In his own words, Roosevelt claimed: "I did not usurp power, but I did greatly broaden the use of executive power."
    • Roosevelt, on the other hand, as a Progressive, remained committed to a belief in political efficiency and elimination of unnecessary waste and structures.
    • This political cartoon satirizes the expectation that Roosevelt would hand his policies over to the incoming president, his handpicked successor, Taft.
    • Describe the means by which Roosevelt broadened the scope of executive power
  • Party Realignments, Dealignments, and Tipping

    • Bush, whose administration was now faced with a financial crisis and economic recession.
    • Roosevelt was in 1932 and the election of Ronald Reagan in 1980 were.
    • Bush, whose administration was now faced with a financial crisis and economic recession.
    • Roosevelt was in 1932 and the election of Ronald Reagan in 1980 were.
    • Roosevelt was in 1932 and the election of Ronald Reagan in 1980 were.
  • Roosevelt and Conservation

    • Of all Roosevelt's achievements, he was proudest of his work in conservation of natural resources, and extending Federal protection to land and wildlife.
    • Roosevelt was a prominent conservationist, putting the issue at the forefront of the national agenda.
    • In 1907, Roosevelt designated 16 million acres  of new national forests just minutes before a deadline.
    • Roosevelt delivered the opening address: "Conservation as a National Duty."
    • In 1903 Roosevelt toured the Yosemite Valley with John Muir, and tried to minimize commercial use of water resources and forests.
  • The 1992 Election

    • The economy was also in a recession, contributing to discontent among many Americans.
    • Bush's 37.4% was the lowest percentage total for an incumbent president since William Howard Taft in 1912 (at 23.2%; the 1912 election had also been a three-way race between Taft, Woodrow Wilson and Theodore Roosevelt).
    • Meanwhile, Perot's nearly 19% of the popular vote made him, in terms of the popular vote, the most successful third-party presidential candidate since Theodore Roosevelt in the 1912 election.
    • In 1992, Ross Perot got the highest percentage of the popular vote of any Third Party candidate since Theodore Roosevelt in 1912.
  • Tariff Reform

    • In 1896, Republican McKinley campaigned heavily on the tariff issue, claiming that it was a positive solution to economic recession.
    • Roosevelt in particular criticized Taft over the Payne-Aldrich Act, and led a faction of progressive Republicans away from Taft's conservative Republicans .
    • This group of progressive Republicans eventually formed the Bull Moose Party, which nominated Roosevelt as their presidential nominee in the 1912 election.
    • In this U.S. editorial cartoon in 1901, President Teddy Roosevelt watches GOP team pull apart on tariff issue.
Subjects
  • Accounting
  • Algebra
  • Art History
  • Biology
  • Business
  • Calculus
  • Chemistry
  • Communications
  • Economics
  • Finance
  • Management
  • Marketing
  • Microbiology
  • Physics
  • Physiology
  • Political Science
  • Psychology
  • Sociology
  • Statistics
  • U.S. History
  • World History
  • Writing

Except where noted, content and user contributions on this site are licensed under CC BY-SA 4.0 with attribution required.