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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]
The New Deal coalition was an American political coalition that supported the Democratic Party beginning in 1932. The coalition is named after President Franklin D. Roosevelt 's New Deal programs, and the follow-up Democratic presidents.
The alphabet agencies, or New Deal agencies, were the U.S. federal government agencies created as part of the New Deal of President Franklin D. Roosevelt. The earliest agencies were created to combat the Great Depression in the United States and were established during Roosevelt's first 100 days in office in 1933.
The New Deal coalition that cemented the Fifth Party System and allowed Democrats to dominate the White House for 40-some years arose from the realignment of two similar third party factions into the Democratic Party: the Progressives in the Western Coast and the greater Rust Belt region (which includes New York, Massachusetts, Baltimore and ...
The Reconstruction Finance Corporation spent US$1.5 billion in 1932, US$1.8 billion in 1933, and US$1.8 billion in 1934 before dropping to about US$350 million a year. In August 1939, on the eve of World War II, it greatly expanded to build munitions factories. In 1941, it disbursed US$1.8 billion.
The Public Works Administration (PWA), part of the New Deal of 1933, was a large-scale public works construction agency in the United States headed by Secretary of the Interior Harold L. Ickes. It was created by the National Industrial Recovery Act in June 1933 in response to the Great Depression.
The election also saw the consolidation of the New Deal coalition; while the Democrats lost some of their traditional allies in big business, they were replaced by groups such as organized labor and African Americans, the latter of whom voted Democratic for the first time since the Civil War. [185]
Unification would help the central organization fight corruption, yet would not contaminate the CIO unions. The defeat of the New Deal in the 1952 election further emphasized the need for unity to maximize political effectiveness. From the CIO side the merger was promoted by David McDonald of the Steelworkers and his top aide Arthur J. Goldberg ...