THE GREAT DEPRESSION 1929 1940
FRANKLIN D ROOSEVELTS NEW DEAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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proposed the Old Age Revolving Pension-60 year olds retire so younger people would have jobs.
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proposed the Share Our Wealth-100% tax on personal income of over $1million to provide a pension for the elderly and poorest Americans
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started the New Deal programs
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formed the National Union for Social Justice
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Detailed explanation-1: -In February 1934, Long introduced his “Share Our Wealth” plan over a nationwide radio broadcast. His plan was to minimise wealth inequality, via Federal tax and spend policy. An individual’s right to wealth would be restricted to: a maximum INHERITANCE of $5 million ($100 million in 2022);
Detailed explanation-2: -Title: Share-our-wealth society is simply to mean that God’s creatures on this lovely American continent have a right to share in the wealth they have created in this country. They have the right to a living, with the conveniences and some of the luxuries of this life, so long as there are too many or enough for all.
Detailed explanation-3: -He was instrumental in securing Roosevelt’s 1932 nomination but split with him in 1933, becoming a prominent critic of his New Deal. As an alternative, he proposed the Share Our Wealth program in 1934. To stimulate the economy, he advocated massive federal spending, a wealth tax, and wealth redistribution.
Detailed explanation-4: -Long was a strident isolationist and political nationalist who opposed American intervention abroad and was a strong supporter of tariffs, with Long labelling himself a “tariff Democrat".