What Is the Is the Correct or Best Approach to Provide Relief From the Great Depression by Huey Long

1930s populist movement started by Huey Long

Cover of a 1935 Share our Wealth booklet

Share Our Wealth was a movement that began in February 1934, during the Great Depression, by Huey Long, a governor and later on Usa Senator from Louisiana.^[one] Long, a left-wing populist,^[2] showtime proposed the plan in a national radio accost, which is now referred to as the "Share Our Wealth Spoken language".^[3] To stimulate the economy, the Share Our Wealth program called for massive federal spending, a wealth tax, and wealth redistribution. These proposals drew wide back up, with millions joining local Share Our Wealth clubs. Roosevelt adopted many of these proposals in the Second New Deal.

Background [edit]

Long believed that the underlying cause of the Great Depression (which he called "Mr. Roosevelt'south depression") was the growing disparity betwixt the rich and everyone else.^[i] For most of his political career, he focused his speeches and efforts on the "little man", which refers to the rural poor.^[4] The Share Our Wealth programme was going to become the capstone project for Long'south populist agenda.^[v]

Proposed legislation [edit]

In March 1933, Long offered a series of bills collectively known as "the Long plan" for the redistribution of wealth. The showtime bill proposed a new progressive taxation code designed to cap personal fortunes at $100 one thousand thousand (about $2 billion in 2022 dollars). Fortunes above $1 million ($20 million in 2022) would exist taxed at 1 percent; fortunes in a higher place $2 meg ($40 million in 2022) would be taxed at 2 per centum, and so forth, up to a 100 percent tax on fortunes greater than $100 million.^{[half-dozen] [7]} The 2d beak would limit annual income to $ane million ($twenty million in 2022), and the third beak would cap individual inheritances at $5 million ($99 million in 2022).^[6]

External video
Long'southward "Share the Wealth" oral communication on YouTube

In February 1934, Long introduced his "Share Our Wealth" plan over a nationwide radio broadcast.^{[eight] [9]} He proposed capping personal fortunes at $l meg and repeated his call to limit annual income to $1 million and inheritances to $five million. (He besides suggested reducing the cap on personal fortunes to $10 million–$fifteen 1000000 per individual, if necessary, and later on lowered the cap to $5 million–$8 1000000 in printed materials.) The resulting funds would be used to guarantee every family a basic household grant, or "household estate" equally Long called it, of $5,000 and a minimum annual income of $2,000–iii,000, or one-third of the average family homestead value and income. Long supplemented his plan with proposals for free college education,^[x] and vocational grooming for all able students, veterans' benefits, federal assistance to farmers, public works projects, greater federal regulation of economic activity, a $30 monthly pension for those over the age of 65, a month's vacation for every worker, Earth War I veteran's adjusted Compensation certificates due in 1945 would be issued immediately, and limiting the work week to thirty hours to boost employment.^{[10] [11]} He proposed a $ten billion country reclamation project to stop the Dust Bowl. Long promised complimentary medical service for all citizens and what he called a "state of war on disease" led by the Mayo brothers.^[10] These reforms, Long claimed, would finish the Great Depression.^[12]

Reception [edit]

Economic criticism [edit]

Long's plans for the "Share Our Wealth" programme attracted much criticism from economists at the time, who stated that Long'southward plans for redistributing wealth would not result in every American family unit receiving a grant of $5,000 per year, but rather $400/per year, and that his plans for confiscatory taxation would cap the average annual income at about $3,000.^{[xiii] [14]} They argued that the confiscated fortunes would simply yield $one.50 per each poor family.^[15] In 1934, Long held a public contend with Norman Thomas, the leader of the Socialist Party of America, on the merits of Share Our Wealth versus socialism.^[16]

[edit]

With the Senate unwilling to support his proposals, in February 1934 Long formed a national political organisation, the Share Our Wealth Society. A network of local clubs led by national organizer Reverend Gerald 50. G. Smith, the Share Our Wealth Society was intended to operate outside of and in opposition to the Autonomous Party and the Roosevelt administration. By 1935, the order had over 7.5 million members in 27,000 clubs across the country.^[17] Long's Senate office received an average of 60,000 messages a calendar week, resulting in Long hiring 48 stenographers to type responses.^[eighteen] Of the two trucks that delivered mail to the Senate, one was devoted solely to mail for Long.^[19] Long's newspaper, at present renamed American Progress, averaged a circulation of 300,000, with some issues reaching over 1.5 meg.^[20] Long'southward radical programs were very bonny to wedlock-members; Teamsters president Daniel J. Tobin expressed his growing concerns to Roosevelt.^[21] Long drew international attention: writer H. G. Wells traveled beyond the Atlantic merely to interview Long. Wells noted that Long was "like a Winston Churchill who has never been at Harrow. He abounds in promises."^[22]

Legacy [edit]

Programme mismanagement after Long'due south death [edit]

Any presidential ambitions which Long might have had were cut brusk when he was shot by an assassin on September eight, 1935, in Baton Rouge; he died two days later on September 10, 1935.^{[23] [24]} Control of the Share Our Wealth Society fell to Gerald L. K. Smith, who was widely viewed equally a political demagogue. Smith brought the Share Our Wealth Lodge into a brief coalition with the followers of radio priest Charles Coughlin and old-historic period pension abet Francis Townsend in support of the short-lived Marriage Party, a third party effort which ran William Lemke of North Dakota for President in 1936, simply under his leadership, the Share Our Wealth movement quickly savage autonomously.^[25]

Influence on the New Deal [edit]

Some historians believe that pressure level from Long and his organization contributed to Roosevelt's "turn to the left" in the Second New Deal (1935), which consisted of the Social Security Act, the Works Progress Administration, the National Labor Relations Board, Aid to Dependent Children, and the Wealth Tax Human activity of 1935. Each tenet of the Second New Deal seemed to foil one of Long's corresponding proposals. For example, Roosevelt's National Youth Administration provided office-time employment to the country'south youth, counteracting the appeal for Long's gratis college proposal.^{[22] [26]} Roosevelt reportedly admitted in private to trying to "steal Long's thunder."^[27]

See besides [edit]

• Common Prosperity
• Bones income
• Distributism
• End Poverty in California motility

References [edit]

Citations [edit]

1. ^ ^{a b} "Huey Long's Programs - Share Our Wealth, Share the Wealth". Long Legacy Project . Retrieved 7 August 2019.
2. ^ "When Demagogic Populism Swings Left". The Atlantic.
3. ^ Long Legacy Project. "Huey Long's Share Our Wealth Oral communication". hueylong.com. Archived from the original on 2014-02-18. Retrieved 2014-02-05 .
4. ^ "Social Security". ssa.gov. Archived from the original on 2014-02-09. Retrieved 2014-02-05 .
5. ^ Moreau, John Adam (1965). "Huey Long and His Chroniclers". Louisiana History. 6 (2): 121–139. JSTOR 4230837.
6. ^ ^{a b} Williams (1981) [1969], p. 629.
7. ^ Snyder (1975), p. 120.
8. ^ Kennedy (2005) [1999], p. 238.
9. ^ Snyder (1975), p. 119.
10. ^ ^{a b c} Jeansonne, Glen (Fall 1980). "Challenge to the New Deal: Huey P. Long and the Redistribution of National Wealth". Louisiana History. 21 (4): 333. JSTOR 4232034.
11. ^ Amenta (1994), pp. 679-680.
12. ^ Amenta (1994), p. 680.
13. ^ Jeansonne (1989), p. 383.
14. ^ Kennedy (2005) [1999], pp. 238–39.
15. ^ Jeansonne (1992), p. 383.
16. ^ Hair (1996), p. 272.
17. ^ Snyder (1975), p. 123.
18. ^ Hess, Stephen (August 1966). "The Long, Long Trail". American Heritage. Archived from the original on June 21, 2020. Retrieved June 30, 2020.
19. ^ Jeansonne (1992), p. 381.
20. ^ Berlet, Flake (November i, 2000). Correct-fly Populism in America: Too Close for Comfort. New York City: The Guilford Press. p. 127. ISBN978-1572305625. Archived from the original on December 24, 2020. Retrieved June xi, 2020.
21. ^ Snyder (1975), p. 122.
22. ^ ^{a b} Leuchtenburg, William E. (Autumn 1985). "FDR And The Kingfish". American Heritage. Archived from the original on June 26, 2020. Retrieved June 30, 2020.
23. ^ "Assassination of Huey P. Long - Baton Rouge, Louisiana: Expiry of the Louisiana Kingfish". Archived from the original on 2017-07-13. Retrieved 2017-xi-16 .
24. ^ Trotter MC (2012). "Huey P. Long's Last Functioning: When Medicine and Politics Don't Mix". Ochsner J. 12 (ane): 9–xvi. PMC3307515. PMID 22438775.
25. ^ Glass, Andrew (2017-09-08). "Huey Long assassinated, Sept. 8, 1935". Pol. Archived from the original on 2017-xi-16. Retrieved 2017-11-xvi .
26. ^ Snyder (1975), pp. 141–142.
27. ^ Snyder (1975), p. 141.

Works cited [edit]

• Amenta, Edwin; Dunleavy, Kathleen; Bernstein, Mary (October 1994). "Stolen Thunder? Huey Long's "Share Our Wealth," Political Mediation, and the Second New Bargain". American Sociological Review. 59 (5): 678–702. doi:10.2307/2096443. JSTOR 2096443.
• Hair, William Ivy (1991). The Kingfish and His Realm: The Life and Times of Huey P. Long . Billy Rouge: Louisiana State University Printing. ISBN9780807141069.
• Jeansonne, Glen (Fall 1989). "The Apotheosis of Huey Long". Biography. 12 (four): 283–301. doi:x.1353/bio.2010.0636. JSTOR 23539493. S2CID 162206324. (subscription required)
• Kennedy, David (2005) [1999]. Freedom From Fear The American People in Depression and State of war, 1929–1945. Oxford: Oxford University Press. ISBN9780195144031.
• Snyder, Robert E. (Spring 1975). "Huey Long and the Presidential Election of 1936". Louisiana History. xvi (2): 117–143. JSTOR 4231456.
• Williams, T. Harry (1981) [1969]. Huey Long . New York: Vintage Books. ISBN978-0394747903.

External links [edit]

• "Share Our Wealth (a.k.a. Share the Wealth)". Long Legacy Project . Retrieved 2018-07-14 .

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Source: https://en.wikipedia.org/wiki/Share_Our_Wealth

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