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The First New Deal (1933–1934) dealt with the pressing banking crisis through the Emergency Banking Act and the 1933 Banking Act.The Federal Emergency Relief Administration (FERA) provided US$500 million (equivalent to $11.8 billion in 2023) for relief operations by states and cities, and the short-lived CWA gave locals money to operate make-work projects from 1933 to 1934. [2]
As Governor of New York, Franklin D. Roosevelt had campaigned for the Presidency, in part, on a pledge to balance the federal budget. [4] [5] On March 10, 1933, six days after his inauguration, Roosevelt submitted legislation to Congress which would cut $500 million ($8.181 billion in 2009 dollars) from the $3.6 billion federal budget by eliminating government agencies, reducing the pay of ...
House Speaker Jo Byrns remarked that the speech "very clearly sets forth the major issues of the coming campaign." [1] In the closing paragraph of his address, Roosevelt quoted an individual whom he referred to as a "wise philosopher." That individual was Josiah Royce in his 1914 work "A Word for the Times," which Roosevelt quoted by saying
The Second New Deal is a term used by historians [1] to characterize the second stage, 1935–36, of the New Deal programs of President Franklin D. Roosevelt.The most famous laws included the Emergency Relief Appropriation Act, the Banking Act, the Wagner National Labor Relations Act, the Public Utility Holding Company Act, the Social Security Act, and the Wealth Tax Act.
The 1936 Madison Square Garden speech was a speech given by U.S. President Franklin D. Roosevelt on October 31, 1936, three days before that year's presidential election.In the speech, Roosevelt pledged to continue the New Deal and criticized those who, in his view, were putting personal gain and politics over national economic recovery from the Great Depression.
In the 1940 presidential election, Roosevelt defeated Republican Wendell Willkie, an internationalist who largely refrained from criticizing Roosevelt's foreign policy. Roosevelt later went on to serve a third term and three months of a fourth term, becoming the only president to serve more than two terms, breaking Washington's two term ...
President Franklin D. Roosevelt first instituted fiscal policies in the United States in The New Deal. The first experiments did not prove to be very effective, but that was in part because the Great Depression had already lowered the expectations of business so drastically. [3]
The 1934 State of the Union Address was given on Wednesday, January 3, 1934, by the 32nd president of the United States, Franklin D. Roosevelt. It was the first State of the Union address to be given in January since George Washington's first State of the Union Address in 1790.