The New Deal - America's Original Bailout Plan


Manage episode 296841326 series 2948089
By Rebecca Robbins & Kim Kimmel, Rebecca Robbins, and Kim Kimmel. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

In 1932, a newly minted phrase was on the lips of most Americans… “The New Deal.” It was first uttered by Franklin D. Roosevelt to an audience in Chicago during his acceptance speech for the Democratic nomination for President. It would soon become an American phenomenon and the largest governmental spending plan to date. Its intention – to put Americans back to work and revive the economy following a depression unleashed by the stock market crash of 1929. It was hailed as a huge success and won FDR the Presidency in 1932, 1936, 1940 and 1944. But, was it really as successful as everyone lauded it to be? Did it really pull America out of the Great Depression? History is somewhat divided on this topic, after all, hindsight is 2020. So, why is history repeating itself in 2021 with Covid Relief which is now the largest government spending/American bailout plan to date? We discuss it here in Episode 21 so you can decide for yourself.



46 episodes