US Political Spectrum 1920s thru WWII – inc. 2nd New
Deal and Critics
LEFT WING
RIGHT WING
Increased government economic
involvement
New Deal
Critics
CENTER
1st New Deal
1932-1935
0% government economic
involvement
Herbert
Hoover
2nd New
Huey Long, Deal 19321935
Woody
Guthrie
Free Market Capitalism
Capitalism
Capitalism
FDR Liberalism
Stalin Style
Socialism
Communism
Anarchy
FDR was adhering to the economic arguments of John
Maynard Keynes.
• Safety net (prevent recessions from becoming
depressions)
• AKA “welfare state”
Anarchy
Hoover is not completely right because of his last ditch
attempts to inject taxpayer funds to the banks.