Franklin Roosevelt and the New Deal Explained — Fexingo History
In this episode of Franklin Roosevelt and the New Deal Explained, Lucas and Luna dive into the untold story of FDR's 1937 economic misstep known as 'Roosevelt's Recession' and the dramatic Supreme Court shift that followed. After years of New Deal recovery, FDR slashed federal spending in 1937, plunging the nation back into depression. Industrial production fell by a third, unemployment spiked, and the administration scrambled to reverse course. Lucas explains the roles of Treasury Secretary Henry Morgenthau Jr., the flawed 'balanced budget' ideology, and the Keynesian revolt led by Marriner Eccles. Then the conversation turns to the 'switch in time that saved nine'—Justice Owen Roberts's pivotal vote in West Coast Hotel Co. v. Parrish, which upheld a minimum wage law and signaled the Court's acceptance of the New Deal. Lucas unpacks the internal court dynamics, Justice Hughes's savvy maneuvering, and how FDR's failed court-packing plan still achieved its goal. Special attention to Justice Louis Brandeis's behind-the-scenes role. A story of hubris, recovery, and the unwritten rules of constitutional law. #RooseveltsRecession #HenryMorgenthauJr #MarrinerEccles #OwenRoberts #WestCoastHotel #CourtPacking #SupremeCourt #NewDeal #FranklinDRoosevelt #1937Recession #KeynesianEconomics #LouisBrandeis #CharlesEvansHughes #BalancedBudget #GreatDepression #History #FexingoHistory #NorthAmericanHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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