Money in the Bank

From a post on landslide elections, a look at Roosevelt's mandate to fix the U.S. banking system.

3. The Great Depression 1930s weren't good years to be Republicans, and in 1936, Democrat Franklin Roosevelt was reelected overwhelmingly with 60.8% of the vote to 36.5% for Republican Alf Landon who had no chance to convince the electorate the New Deal was corrupt and wasteful when it was helping a lot of desperate people. Roosevelt asked for and got a mandate from the public to continue his progressive agenda that included the landmark Social Security Act (now in jeopardy in the age of George Bush) and other important measures that included establishing the FDIC, insuring bank deposits, the SEC, regulating the stock exchanges, and the NLRB with the passage of the Wagner Act that was the high water mark for labor rights.

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