Document 1 is from a speech titled “United We Stand” by James A. Farley. Farley gave the speech to some Young Democrats in Indiana on August 20, 1937. At that time, he was Postmaster General and Chairman of the Democratic National Committee. There is this difference between our prosperity now and the hectic period of the big stock boom. Then the group that had piled up big fortunes were making huge profits, but the rest of us had a small share in the money-making. Today prosperity is general. My attention was called the other day to the circumstance that the average worker was finding in his pay envelope a third more than he had five years ago. In other words, the man who was making about eight hundred dollars a year in 1933, is now making twelve hundred dollars a year. When you multiply this gain by the additional millions of operatives who have been put to work since the present administration came to Washington, you get a staggering total of increased purchasing power among the masses... If the people have money to buy, the industrial establishments are able to sell, and this means more people at work, more money for merchants, more clerks in the stores, and so on, all through the whole great commercial circle. Document 2 is a short passage from Rexford Tugwell’s 1935 book The Battle for Democracy. Tugwell was a key FDR adviser and a strong backer of a government-planned economy. The “invisible hand” he talks about is the term economist Adam Smith used to describe how he believed the free-market system works smoothly without central control to divide up resources, goods, and jobs. The cat is out of the bag. There is no invisible hand. There never was. If the depression has not taught us that, we are incapable of education... We must now supply a real and visible guiding hand to do the task which that mythical, nonexistent, invisible agency was supposed to perform, but never did. Question Compare & Contrast -In what way does Farley seem to agree with Tugwell about the “visible hand” replacing the “invisible hand.” Do you think he disagrees with Tugwell in any way? Why or why not? Bias, or Point of View- What overall point of view or attitude about the New Deal do these passages express? Based on what you know about the New Deal, how fair or accurate do you think the passages are?
Document 1
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is from a speech titled “United We Stand” by James A. Farley. Farley gave the speech to some Young Democrats in Indiana on August 20, 1937. At that time, he was Postmaster General and Chairman of the Democratic National Committee. |
There is this difference between our prosperity now and the hectic period of the big stock boom. Then the group that had piled up big fortunes were making huge profits, but the rest of us had a small share in the money-making. Today prosperity is general. My attention was called the other day to the circumstance that the average worker was finding in his pay envelope a third more than he had five years ago. In other words, the man who was making about eight hundred dollars a year in 1933, is now making twelve hundred dollars a year. When you multiply this gain by the additional millions of operatives who have been put to work since the present administration came to Washington, you get a staggering total of increased purchasing power among the masses... If the people have money to buy, the industrial establishments are able to sell, and this means more people at work, more money for merchants, more clerks in the stores, and so on, all through the whole great commercial circle.
Document 2
|
is a short passage from Rexford Tugwell’s 1935 book The Battle for Democracy. Tugwell was a key FDR adviser and a strong backer of a government-planned economy. The “invisible hand” he talks about is the term economist Adam Smith used to describe how he believed the free-market system works smoothly without central control to divide up resources, goods, and jobs. |
The cat is out of the bag. There is no invisible hand. There never was. If the depression has not taught us that, we are incapable of education... We must now supply a real and visible guiding hand to do the task which that mythical, nonexistent, invisible agency was supposed to perform, but never did.
Question
Compare & Contrast -In what way does Farley seem to agree with Tugwell about the “visible hand” replacing the “invisible hand.” Do you think he disagrees with Tugwell in any way? Why or why not?
Bias, or Point of View- What overall point of view or attitude about the New Deal do these passages express? Based on what you know about the New Deal, how fair or accurate do you think the passages are?
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