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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 first major test of New Deal legislation came in Panama Refining Co. v. Ryan, [15] announced January 7, 1935. Contested in this case was the National Industrial Recovery Act, Section 9(c), in which Congress had delegated to the President authority "to prohibit the transportation in interstate and foreign commerce of petroleum ... produced or withdrawn from storage in excess of the amount ...
New Deal Policy and Southern Rural Poverty. (1978) Sautter, Udo. "Government and Unemployment: The Use of Public Works before the New Deal", The Journal of American History, Vol. 73, No. 1 (Jun., 1986), pp. 59–86 in JSTOR; Sautter, Udo. Three Cheers for the Unemployed: Government and Unemployment before the New Deal (1992) excerpt and text search
The Iowa-born president's resistance to New Deal excesses sounds prophetic when we look at America today, writes John Hendrickson. Herbert Hoover New Deal-era warnings offer key wisdom today, too ...
The reason it was different is that the New Deal was born out of the Great Depression, not prosperity, as were Populism and Progressivism. The New Deal was concerned with not democratizing the economy but managing it to meet the problems of the people. The New Deal had no set plans of reform; it was a chaotic experiment.
A 2004 econometric study by Harold L. Cole and Lee E. Ohanian concluded that the "New Deal labor and industrial policies did not lift the economy out of the Depression as President Roosevelt and his economic planners had hoped", but that the "New Deal policies are an important contributing factor to the persistence of the Great Depression".
Maxwell Anderson, Playwright, American Libertarian, wrote Knickerbocker Holiday (with Kurt Weill) as a satire on the New Deal which compared Roosevelt to Hitler and Mussolini. Charles Coughlin , Irish-American Catholic priest with huge radio audience; anti-communist , [ 3 ] [ 4 ] originally on the left and a Roosevelt supporter in 1932 but by ...
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]