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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]
v. t. e. The Compromise of 1877, also known as the Wormley Agreement, the Bargain of 1877, or the Corrupt Bargain, was an unwritten political deal in the United States to settle the intense dispute over the results of the 1876 presidential election, ending the filibuster of the certified results and the threat of political violence in exchange ...
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. It was composed of voting blocs who supported them.
The Great Depression (1929–1939) was a severe global economic downturn that affected many countries across the world. It became evident after a sharp decline in stock prices in the United States, the largest economy in the world at the time, leading to a period of economic depression. [ 1] The economic contagion began around September 1929 ...
The first major test of New Deal legislation came in Panama Refining Co. v. Ryan, 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 produced or withdrawn from storage in excess of the amount ...
The war economy was not so much a triumph of free enterprise as the result of government bankrolling business. While unemployment remained high throughout the New Deal years, consumption, investment, and net exports—the pillars of economic growth—remained low. It was World War II, not the New Deal, which finally ended the crisis.
The Fourth Party System was the political party system in the United States from about 1896 to 1932 that was dominated by the Republican Party, except the 1912 split in which Democrats captured the White House and held it for eight years. American history texts usually call the period the Progressive Era.
Recorded December 8, 1941. Franklin Delano Roosevelt[ a] (January 30, 1882 – April 12, 1945), commonly known by his initials FDR, was an American politician who served as the 32nd president of the United States from 1933 until his death in 1945. The longest serving U.S. president, he is the only president to have served more than two terms.