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1934 FDR New Deal....
1934 FDR New Deal....
Item # 576016
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January 04, 1934
THE WASHINGTON OBSERVER, Pennsylvania, January 4, 1934.
* Franklin D. Roosevelt FDR
* New Deal - The Great Depression... recovery
* King Tut curse strikes again
This 10 page newspaper has a banner headline on the front page:
* ROOSEVELT ASKS FOR COOPERATION
with many subheads and Presidential message.
Other news of the day including front page report on the death of Arthur Weigall. Light browning with little margin wear and chipping, otherwise good.
wikipedia notes: The New Deal is the title that President Franklin D. Roosevelt gave to a sequence of programs and promises he initiated between 1933 and 1938 with the goal of giving relief, reform, and recovery to the people and economy of the United States during the Great Depression. Based on the assumption that the power of the federal government was needed to get the country out of the Depression, the first days of Roosevelt's administration saw the passage of banking reform laws, emergency relief programs, work relief programs, and agricultural programs. Later, a second New Deal was to evolve; it included union protection programs, the Social Security Act, and programs to aid tenant farmers and migrant workers. Thus, the "First New Deal" of 1933 aimed at short-term recovery programs for all groups in society, while the "Second New Deal" (1935–36) was a more radical redistribution of power away from big business and toward coal workers, farmers, and consumers. Although the New Deal greatly improved the economy, it did not end the Great Depression. The coming of the Second World War ended the depression by creating demand for more products.[1]
Opponents of the New Deal, complaining of the cost and increase in federal power, ended its expansion in 1937 and had abolished many of its programs by 1943. The Supreme Court ruled several programs unconstitutional (some parts of them were however soon replaced, with the exception of the National Recovery Administration). Nevertheless, there are several New Deal programs remaining in operation, some of which still exist under their original names, including the Federal Deposit Insurance Corporation (FDIC), the Federal Housing Administration (FHA), and the Tennessee Valley Authority (TVA). The largest programs still in existence today are the Social Security System and Securities and Exchange Commission—the primary regulator of publicly traded U.S. firms.
The New Deal represented a significant shift in political and domestic policy in the U.S., with its more lasting changes being increased government control over the economy and money supply; intervention to control prices and agricultural production; the beginning of the federal welfare state; and the rise of trade unions.[2] The success and effects of the New Deal still remain a source of controversy and debate amongst economists and historians.
Category: The 20th Century
No Longer Available
