Veteran Politics and the New Deal’s Political Triumph of 1936
Veteran Politics and the New Deal’s Political Triumph of 1936
This chapter picks up the story in the wake of Franklin D. Roosevelt's veto, carrying it forward through eventual Bonus payment to the presidential election of 1936. Roosevelt used his veto of the Bonus as a springboard for the special legislative program of the “Second” New Deal, the landmark session that included the passing of the Social Security Act and the National Labor Relations Act. The Bonus passed over another Roosevelt veto in 1936, though it may well have been the most successful piece of “second” New Deal legislation. When veterans began receiving payments in June, nearly $2 billion flowed into the national economy, making 1936 the best economic year since the Crash. This fiscal stimulus boosted the economy just in time for the 1936 election. The resolution of the Bonus, therefore, contributed significantly to Roosevelt's electoral landslide that November and the political triumph of the New Deal.
Keywords: 1936 elections, Second New Deal, Franklin D. Roosevelt, Social Security Act, National Labor Relations Act
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