32nd President of USA
In his day FDR was the bugbear for great many who called him, a dictator, a charlatan, a grinning poseur. For others he was a friend of the poor, the champion of the minorities, the defender of Labour, the patrician saviour of Capitalism, the inspiring architect of the Allied victory and a prophet of a new world order under the aegis of the UN.
For foes and friends alike the truth remains undisputed: his impact on the modern world shall endure. When he died William S. White observed, ‘ it seemed as if history itself had died’.
A cousin of President Roosevelt, and the only son of James and Sarah Delano Roosevelt he was the quintessence of social privilege and wealth. Having passed his bar exams,he accepted in 1910 an offer to run for the NY senate. One found him at first, ‘ a spoiled silk sort of guy. But he was amassing quietly his political capital that would when time came confound his detractors. He became assistant Secretary of the Navy under President Wilson. It proved to be his baptism of fire in the use of political strategy and of persuasion in an executive position.
At the Democratic convention of 1920 he was chosen as the running mate of James M.Cox from Ohio. His setback was further exacerbated by infantile paralysis in Aug,1921. It in a way gave him a new perspective, -compassion as well as steely resolve, and while ‘lying there, he grew bigger day by day.’. The year 1924 marked his return to national politics. He became the Governor of New York( ’28). With the onset of Market crash of 1929 it was clear to him new alternatives were needed. In 1930 during his campaign for selection he promised a ‘New Deal.’ With a stunning victory he set forth a new credo of government and economy for the State of New York. His eyes were already set for Presidency since President Hoover was already beaten by the march of events. Carefully FDR prepared his moves that would lift him to the White House. His New Deal was a call to arms rather than a political campaign.For the nation’s 14 million unemployed, Roosevelt’s attack on irresponsible Corporate interests his credo constituted a thrilling new chapter in political leadership .
Inaugurated on March 4, 1933 FDR closed the banks for 4 days and his New Deal in practice showed the nation could be saved. Farmers were given a boost with the passing of the Emergency Farm Mortgage Act, which stopped foreclosures, and authorized Federal refunding of the mortgages; on May 18, the Tennessee Valley Authority came into being; on May 27, Trust and Securities Act, House Owners Loan Corporation(June,13). In Hundred Days he had three other major Acts passed (June16)-and his New Deal was a concrete example of his vision. (To be concluded)