Word: roosevelt
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Dates: during 2000-2009
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...role government should have. These, he says, are the issues that deepen "some long-standing ideological divisions in our Congress and, frankly, in our society." They are also the ones that have defeated Presidents who have tried to solve the problem, going all the way back to Teddy Roosevelt. But what looked like shrewd politics early in the process is increasingly being viewed on Capitol Hill as a failure to lead. As a senior Democratic congressional aide put it, "The President is going to have to step forward and start making decisions - soon...
...biggest disasters.) Goldmanites had no choice but to stick together and look to the long run. The firm's now pilloried entwinement with Washington (some call it Government Sachs) began in those days too, after managing partner Sidney Weinberg made the rare-for-Wall Street move of backing Franklin Roosevelt in 1932. That led to a key role for Weinberg in the World War II industrial-mobilization effort, where he got to know top executives at every major manufacturing firm in the land. After the war, these executives began to reward puny Goldman with business, most notably the giant...
...frequent, bitter strikes and was adopted by Massachusetts in 1912 to cover women and children. With voters seeking a bulwark against the Great Depression, wage-hour legislation was an issue in the 1936 Presidential race. On the campaign trail, a young girl handed a note to one of Franklin Roosevelt's aides asking for help: "I wish you could do something to help us girls," it read. "Up to a few months ago we were getting our minimum pay of $11 a week...Today the 200 of us girls have been cut down...
...Roosevelt rode back into office in part on a promise to seek a constitutional way of protecting workers; in 1923, the Supreme Court had struck down a Washington, D.C., minimum-wage law, finding it impeded a worker's right to set his own price for his labor. The first federal minimum-wage law, the Fair Labor Standards Act, passed in 1938, with a 25-cent-per-hour wage floor and a 44-hour workweek ceiling for most employees. (It also banned child labor.) Outside of Social Security, said Roosevelt, the law was "the most far-sighted program for the benefit...
...package leads off with the historian David M. Kennedy--whose book about the Depression, Freedom from Fear, won a Pulitzer Prize in 2000--revealing how F.D.R., like Obama, saw crisis as opportunity. Next up is Adam Cohen's illuminating piece on the dynamic launch of the Roosevelt Administration. Cohen is the author of Nothing to Fear, an account of F.D.R.'s first 100 days. To get a free-marketeer's dissenting take on F.D.R.'s policies, we turned to Amity Shlaes, whose recent book The Forgotten Man argues that the New Deal not only failed to reverse the Great Depression...