what is brain trust great depression

What is the definition Brain Trust?

Definition of brain trust : a group of official or unofficial advisers concerned especially with planning and strategy.

What was the Brain Trust quizlet?

The Brains Trust, a term coined by James Kieran, a New York Times reporter, refers to the group of academic advisers that FDR gathered to assist him during the 1932 presidential campaign.

How does a Brain Trust work?

A Brain Trust is a small group of trusted advisors or colleagues who provide expertise, insight and advice on new ideas or solutions. Its purpose is to decode problems, design new solutions and constructively criticise where needed.

What's another word for Brain Trust?

In this page you can discover 9 synonyms, antonyms, idiomatic expressions, and related words for brain-trust, like: advisors, authorities, experts, advisory board, body of advisers, cabinet, council, inner-circle and kitchen-cabinet.

What was the purpose of Roosevelt's brains trust quizlet?

What was the purpose of Roosevelt's "Brains Trust?" Roosevelt recruited his "Brains Trust" to advise him in his inception of a variety of relief and recovery programs.

What was the brain trust Apush?

Brain Trust: Specialists in law, economics, and welfare, many young university professors, who advised President Franklin D. Roosevelt and helped develop the policies of the New Deal.

How do you set up a brain trust?

Here are what these founders and I think are the Top 5 tips for creating your brain trust:Start early. Create a team to vet your ideas from the get-go; don't wait until you have a business model. ... Diversity is key. ... Keep the insights confidential. ... Business is a priority. ... Create an asking/giving environment.

How do you form a brain trust?

Historically, a brain trust was a group of advisers who aided a state leader in making important decisions....Why You Need A Brain Trust (And 5 Steps To Build Your Own)Harness Your Network. ... Send Thank You Notes. ... Don't Have An Agenda. ... Ask For Advice, Not Favors. ... Work Hard And Be Patient.

What value do users gain from brain trust tokens?

Users can also earn tokens by taking courses on Braintrust Academy. In the future, tokens will be redeemable for special perks. Community Incentives and Rewards 54% Unlocked at network launch and distributed over time in accordance with community incentive and reward programs.

Is brain trust one word or two?

A brain trust is a group of experts who advise important people in a government or organization.

What is another word for think tank?

What is another word for think tank?brain trustivory towerresearch organizationworkshop

What is the definition of a trust quizlet?

A trust is a fiduciary relationship wherein one or more trustees are called upon to manage, protect, and invest certain property and any income generated therefrom for the benefit of one or more named beneficiaries.

What is a trust quizlet US history?

A trust is an economic tool devised late in the 1800's. It was pioneered by men such as Andrew Carnegie of the steel industry and John Rockefeller of the oil industry. The purpose of a trust is to eliminate competition in business.

Which best defines a trust quizlet?

Which of the following best defines a trust? A trust is a large company or business combination that controls a market.

What was the purpose for financiers to create holding trusts quizlet?

Trusts let the owners of one company secretly control another company without buying it, creating a monopoly. Holding companies allowed a corporation to manage many companies by purchasing their stock.

What is brain trust?

Brain trust was a term that originally described a group of close advisers to a political candidate or incumbent; these were often academics who were prized for their expertise in particular fields. The term is most associated with the group of advisers of Franklin D. Roosevelt during his presidential administration.

Why was the term "brain trust" used?

Early use of the term "brain trust" was patterned on the use of the term "trust" to depict economic consolidation within an industry. This was a subject of much interest at the time and led to the Sherman Antitrust Act in 1890. In 1888 the Springfield [Missouri] Leader used the term in connection with the consolidation of newspapers in ...

How many senators made up the brain trust?

Such was the reference to the eight senators who made up the "Brain Trust of the Senate" as described by William Allen White in the Saturday Evening Post.

What is a think tank?

Think tank, a research institute/center and organization that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture.

Who was the first person to use the term "brain trust"?

In 1932, New York Times writer James Kieran first used the term Brains Trust (shortened to Brain Trust later) when he applied it to the close group of experts ...

When did the word "brain trust" come into use?

That use became regular for the next two decades, as can be seen from the use by Time magazine in 1928 , which ran a headline on a meeting of the American Council on Learned Societies titled "Brain Trust".

Did the Roosevelt brain trust meet?

Although they never met together as a group, they each had Roosevelt's ear. Many newspaper editorials and editorial cartoons ridiculed them as impractical idealists. The core of the Roosevelt brain trust later consisted of men associated with the Harvard law school (Cohen, Corcoran, and Frankfurter).

Who was the brain trust?

The Brains Trust was a small group of academics selected by Franklin D. Roosevelt and his political advisors to help the Democratic candidate in 1932 in his presidenti al bid. The term was originally coined by Louis Howe, a long-time associate of Roosevelt. It was later shortened to Brain Trust and made popular by New York Times reporter James Kieran.

What was the purpose of the Brains Trust?

The purpose of the Brains Trust was to educate Roosevelt on current economic issues, assist in speechwriting, and help the candidate formulate his own ideas on how to approach and resolve the Depression. Although the three academics would later follow their own distinctive beliefs and career paths, in 1932 they all agreed that big business was inevitable, that the Wilsonian approach of breaking up corporations into small units was unacceptable, that regulation was the key to dealing with big business, and that some form of planning in the economic sector was necessary.

Who helped Roosevelt write his speeches?

Throughout the 1932 campaign, the Brains Trust met frequently with Roosevelt. They often researched topics the candidate needed to know about or was embracing, and they helped him draft speeches, although Roosevelt typically put his own imprint on any speech, sometimes changing the wording and content as he delivered it. Moley worked with Roosevelt on the "forgotten man" speech in April 1932. Moley also helped Roosevelt draft a speech delivered in Saint Paul, often referred to as the "concert of interest" speech, in which the term New Deal was first used. Berle helped Roosevelt write the San Francisco Commonwealth Club speech, which called for economic planning in the future. Tugwell worked on a number of speeches, usually writing parts of the draft, especially if the speech dealt with agriculture and the domestic allotment proposal.

Raymond Moley, political adviser

Samuel Rosenman, general counsel (attorney) to Roosevelt while Roosevelt was governor of New York State (1929–33), convinced the future president to establish an advisory group for the 1932 presidential campaign. Rosenman first asked Raymond Moley to provide political advice.

Rexford Tugwell, agricultural adviser

For agricultural advice, Moley recruited Rexford Tug-well, another Columbia University professor. Tugwell was born in the small upstate village of Sinclairville, New York. His mother was a teacher and loved to write. She taught in the nearby town of Chautauqua, a growing center of learning.

Birth of the Brain Trust

During his early political life, when deciding how to address important policy issues, Franklin D. Roosevelt established a habit of seeking advice from academic scholars rather than other politicians or businessmen. He continued this approach through his term as governor of New York, from 1929 to 1933.

Adolf Berle Jr., business adviser

For economic and corporate matters, Moley and Tug-well recruited another Columbia University professor, Adolf Berle Jr. Berle was born in Brighton, Massachusetts. His father was a Congregational minister who strove to gain a reputation as an intellectual (a person with highly developed powers of thought).

For More Information

freidel, frank, ed. realities and illusions, 1886–1931: the autobiography ofraymond moley. new york, ny: garland publishing, 1980.

What was the Brain Trust?

The Brain Trust was a small group who came together in 1932 to help Franklin D Roosevelt find ways out of the Great Depression. The group’s legacy was significant as they were closely involved with the New Deal as well as a very famous speech. Ted Harvey explains all.

Why did the brain trust come together?

Moley brought the Brain Trust together to help Roosevelt craft his message, focusing on how his administration would pull the country out of the worst economic depression the country had or would ever face. In some sense the “Brain Trust” was for show, allowing voters to see Roosevelt had a plan to get out of the Depression, and that he wouldn’t stand idly by to let the country work itself out of the depression.

Who suggested the idea of the Trust?

The idea for the Trust was suggested by Samuel Rosenman, speechwriter and legal counsel of Roosevelt, whom he knew through his time on the New York State Assembly and as a Justice on the New York Supreme Court. Rosenman thought it would be beneficial for the candidate to have an academic team of advisers. The idea was supposedly based on the Woodrow Wilson’s “The Inquiry”, a large group of academics who advised President Wilson on peace negotiations following World War I. “The Inquiry” would eventually become the Council on Foreign Relations.

How to gain the benefits of trust?

To gain the benefits that come with trust, the trusting person must always overcome her natural aversion to the risk of betrayal.

What is the purpose of the trust game?

The investor’s decision in this game is a decision of trust, which is why social scientists refer to this as the “trust game” and use it to test trusting behavior in different situations. The more the investor transfers to the trustee, the more she stands to profit in the end. But she must trust that the trustee will return a sufficiently large amount—at least as large as the original transfer—for the game to be profitable for her. And what if the trustee returns nothing?

Does Oxytocin grease the wheels of trust?

The results revealed that oxytocin does indeed seem to grease the wheels of trust. Of the 29 investors who had taken oxytocin, 45 percent transferred the maximum amount of 12 points in each interaction. By contrast, only 21 percent of the placebo-group investors did so.

Does Oxytocin help with distrust?

The results indicate that oxytocin does indeed help humans overcome distrust. But does oxytocin really increase trust, or does it merely make us feel so good that we lose our aversion to risk and betrayal?

Do trust games drive trust?

Through the trust game, researchers have also discovered a number of factors that seem to drive levels of trust. Familiarity breeds trust—players tend to trust each other more with each new game. So does introducing punishments for untrustworthy behavior, or even just reminding players of their obligations to each other.

Is trust a social behavior?

In my view, trust is both, just like other human social behaviors. We cannot deny that many of our decisions are governed by cognitive processes, which in the case of trust take into account the available information about the trustee’s motivation, the likelihood of a repeated interaction, and so on.

Is trust irrational or illusory?

Trust is not irrational or illusory, explains Michael Kosfeld. It’s a biologically-based part of human nature. Imagine a bare room and two players sitting face to face, about to play a game. The first player is the “investor”; the second player is the “trustee.”. At the outset of the game, both players are endowed with a set number of points—say, ...

Overview

References and sources

References
Sources
• Moley, Raymond. (1939). After seven years
• Tugwell, Rexford. (1968). The Brains Trust
• Editorial cartoons

Etymology

Roosevelt's "Brain Trust"

In popular culture

See also