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The American economy took a sharp downturn in mid-1937, lasting for 13 months through most of 1938. Industrial production declined almost 30 percent, and production of durable goods fell even faster. Unemployment jumped from 14.3% in May 1937 to 19.0% in June 1938. [1] Manufacturing output fell by 37% from the 1937 peak and was back to 1934 ...
Roosevelt survived in 1940 thanks to his margin in the Solid South and in the cities. In the North the cities over 100,000 gave Roosevelt 60% of their votes, while the rest of the North favored Willkie 52–48%. [26] With the start of full-scale war mobilization in the summer of 1940, the economies of the cities rebounded.
The 1937 State of the Union Address was delivered by President Franklin D. Roosevelt on January 6, 1937, marking his fourth address to Congress.The speech was delivered shortly after Roosevelt's reelection and was the first time in U.S. history that a president addressed a newly elected Congress at the end of a term, rather than at the beginning.
In 1931, when the recession significantly worsened and GDP declined by 15%, the federal budget had only a small deficit of 0.6% of GDP. It was not until 1932 (when GDP declined by 27% compared to 1929-level) that Hoover pushed for measures ( Reconstruction Finance Corporation , Federal Home Loan Bank Act , direct loans to fund state Depression ...
On January 1, 1937, [5] with hopes of making the RA more effective, the Resettlement Administration was transferred to the Department of Agriculture through executive order 7530. [5] In the face of Congressional criticism, in September 1937 [ 5 ] the Resettlement Administration was folded into a new body, the Farm Security Administration (FSA ...
Today, the national debt actually exceeds the GDP of the entire U.S. economy, hitting $33.84 trillion. In the past few years, the national debt has risen dramatically due to increased spending on ...
Roosevelt and Garner won 60.8% of the vote and carried every state except Maine and Vermont. [282] Roosevelt's victory margin of 515 electoral votes was the largest victory margin since 1820. In the 1936 congressional elections, Democrats expanded their majorities, winning over three-quarters of the seats in both the House and the Senate.
Donald Trump has a small, but clear, advantage over Joe Biden right now. This makes Biden just the second president since scientific polling began to trail in his reelection bid at this point in ...