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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.
Share Our Wealth was a movement that began in February 1934, during the Great Depression, by Huey Long, a governor and later United States Senator from Louisiana. [1] Long first proposed the plan in a national radio address, which is now referred to as the "Share Our Wealth Speech". [2]
The New Deal transformed American government and reformed American society in several important respects, such as reining in Wall Street, supporting home ownership, and introducing Social Security. But the visible hallmark of the New Deal was its vast array of public works, which put millions of people back to work and put much-needed funds ...
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.
[2] The issue here is if the New Deal marks something radically new (change) in US history or if the New Deal can be understood as a continuation (continuity) of tendencies in American history that were in place well before the 1930. The dichotomy is important in relation to constructing, discussing, and evaluating historical periodizations.
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In 1932, Chase wrote A New Deal, which became identified with the economic programs of American President Franklin Roosevelt. He also wrote a cover story in The New Republic , "A New Deal for America", which appeared days before Roosevelt promised "a new deal" in his speech accepting the presidential nomination of the Democratic Party .