New Deal in the context of "Political parties in the United States"

The Republican Party, also known as the Grand Old Party (GOP), is a conservative and right-wing political party in the United States. It emerged as the main rival of the Democratic Party in the 1850s, and the two parties have dominated American politics since then.

The Republican Party was founded in 1854 by anti-slavery activists opposing the Kansas–Nebraska Act and the expansion of slavery into U.S. territories. It rapidly gained support in the North, drawing in former Whigs and Free Soilers. Abraham Lincoln's election in 1860 led to the secession of Southern states and the outbreak of the American Civil War. Under Lincoln and a Republican-controlled Congress, the party led efforts to preserve the Union, defeat the Confederacy, and abolish slavery. During the Reconstruction era, Republicans sought to extend civil rights protections to freedmen, but by the late 1870s the party shifted its focus toward business interests and industrial expansion. In the late 19th and early 20th centuries, it dominated national politics, promoting protective tariffs, infrastructure development, and laissez-faire economic policies, while navigating internal divisions between progressive and conservative factions. The party's support declined during the Great Depression, as the New Deal coalition reshaped American politics. Republicans returned to national power with the 1952 election of Dwight D. Eisenhower, whose moderate conservatism reflected a pragmatic acceptance of many New Deal-era programs.

Change and continuity is a classic dichotomy within the fields of history, historical sociology, and the social sciences more broadly. The question of change and continuity is considered a classic discussion in the study of historical developments. The dichotomy is used to discuss and evaluate the extent to which a historical development or event represents a decisive historical change or whether a situation remains largely unchanged. A good example of this discussion is the question of how much the Peace of Westphalia in 1648 represents an important change in European history. In a similar vein, historian Richard Kirkendall once questioned whether FDR's New Deal represented "a radical innovation or a continuation of earlier themes in American life?" and posed the question of whether "historical interpretations of the New Deal [should] stress change or emphasize continuity?" 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. In terms of creating and discussing periodization (e.g. the Enlightenment or the Victorian Era,) the dichotomy can be used to assess when a period can be said to start and end, thus making the dichotomy important in relation to understanding historical chronology. Economic historian Alexander Gerschenkron has taken issue with the dichotomy, arguing that continuity "appears to mean no more than absence of change, i.e. stability." German historian Reinhart Koselleck, however, has been said to challenge this dichotomy.

The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and business failures around the world. The economic contagion began in 1929 in the United States, the largest economy in the world, with the devastating Wall Street crash of 1929 often considered the beginning of the Depression. Among the countries with the most unemployed were the U.S., the United Kingdom, and Germany.

The Depression was preceded by a period of industrial growth and social development known as the "Roaring Twenties". Much of the profit generated by the boom was invested in speculation, such as on the stock market, contributing to growing wealth inequality. Banks were subject to minimal regulation, resulting in loose lending and widespread debt. By 1929, declining spending had led to reductions in manufacturing output and rising unemployment. Share values continued to rise until the October 1929 crash, after which the slide continued until July 1932, accompanied by a loss of confidence in the financial system. By 1933, the U.S. unemployment rate had risen to 25%, about one-third of farmers had lost their land, and 9,000 of its 25,000 banks had gone out of business. President Herbert Hoover was unwilling to intervene heavily in the economy, and in 1930 he signed the Smoot–Hawley Tariff Act, which worsened the Depression. In the 1932 presidential election, Hoover was defeated by Franklin D. Roosevelt, who from 1933 pursued a set of expansive New Deal programs in order to provide relief and create jobs. In Germany, which depended heavily on U.S. loans, the crisis caused unemployment to rise to nearly 30% and fueled political extremism, paving the way for Adolf Hitler's Nazi Party to rise to power in 1933.

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 coalition included labor unions, blue-collar workers, big city machines, racial and religious minorities (especially Jews, Catholics, and African Americans), white Southerners, and intellectuals. Besides voters the coalition included powerful interest groups: Democratic Party organizations in most states, city machines, labor unions, some third parties, universities, and foundations. It was largely opposed by the Republican Party, the business community, and wealthy Protestants. In creating his coalition, Roosevelt was at first eager to include liberal Republicans and some radical third parties, even if it meant downplaying the "Democratic" name. By the 1940s, the Republican and third-party allies had mostly been defeated. In 1948, the Democratic Party stood alone and won both the White House and both congressional houses with a mandate, surviving the splits that created two splinter parties.

The coalition made the Democratic Party the majority party nationally for decades. From 1933 to 1968, Democrats only lost control of the White House when Republican Dwight D. Eisenhower was elected president in 1952 and was then reelected in 1956 due to his broad popularity. The Democrats typically controlled both Houses of Congress before the 1990s. The coalition began to weaken with the collapse of big city machines after 1940, the steady decline of labor unions after 1970, the bitter factionalism during the 1968 election, the turn of northern white ethnics and southern whites toward conservatism on racial issues, and the rise of neoliberalism under the presidency of Ronald Reagan, with its opposition to regulation.

The 1930s (pronounced "nineteen-thirties" and commonly abbreviated as "the '30s" or "the Thirties") was a decade that began on January 1, 1930, and ended on December 31, 1939. In the United States, the Dust Bowl led to the nickname the "Dirty Thirties".

The decade was defined by a global economic and political crisis that culminated in the Second World War. It saw the collapse of the international financial system, beginning with the Wall Street crash of 1929, the largest stock market crash in American history. The subsequent economic downfall, called the Great Depression, had traumatic social effects worldwide, leading to widespread poverty and unemployment, especially in the economic superpower of the United States and in Germany, which was already struggling with the payment of reparations for the First World War. The Dust Bowl in the United States (which led to the nickname the "Dirty Thirties") exacerbated the scarcity of wealth. U.S. President Franklin D. Roosevelt, who took office in 1933, introduced a program of broad-scale social reforms and stimulus plans called the New Deal in response to the crisis. The Soviet Union's second five-year plan gave heavy industry top priority, putting the Soviet Union not far behind Germany as one of the major steel-producing countries of the world, while also improving communications. First-wave feminism made advances, with women gaining the right to vote in South Africa (1930, whites only), Brazil (1933), and Cuba (1933). Following the rise of Adolf Hitler and the emergence of the NSDAP as the country's sole legal party in 1933, Germany imposed a series of laws which discriminated against Jews and other ethnic minorities.

In the United States, libertarianism is a political philosophy promoting individual liberty. Libertarianism has been described as laissez-faire on economic issues while supporting civil liberties and personal freedom. The movement is often associated with a foreign policy of non-interventionism. Broadly, there are four principal traditions within libertarianism, namely the libertarianism that developed in the mid-20th century out of the revival tradition of classical liberalism in the United States after liberalism associated with the New Deal; the libertarianism developed in the 1950s by anarcho-capitalist author Murray Rothbard, who based it on the anti-New Deal Old Right and 19th-century libertarianism and American individualist anarchists such as Benjamin Tucker and Lysander Spooner while rejecting the labor theory of value in favor of Austrian School economics and the subjective theory of value; the libertarianism developed in the 1970s by Robert Nozick and founded in American and European classical liberal traditions; and the libertarianism associated with the Libertarian Party, which was founded in 1971, including politicians such as David Nolan and Ron Paul.

The right-libertarianism associated with people such as Murray Rothbard and Robert Nozick, whose book Anarchy, State, and Utopia received significant attention in academia according to David Lewis Schaefer, is the dominant form of libertarianism in the United States, compared to that of left-libertarianism. The latter is associated with the left-wing of the modern libertarian movement and more recently to the political positions associated with academic philosophers Hillel Steiner, Philippe Van Parijs and Peter Vallentyne that combine self-ownership with an egalitarian approach to natural resources; it is also related to anti-capitalist, free-market anarchist strands such as left-wing market anarchism, referred to as market-oriented left-libertarianism to distinguish itself from other forms of libertarianism.

The first term of the presidency of Franklin D. Roosevelt began on March 4, 1933, when he was inaugurated as the 32nd president of the United States, and the second term of his presidency ended on January 20, 1941, with his inauguration to a third term. Roosevelt, the Democratic governor of New York, took office after defeating incumbent president Herbert Hoover, his Republican opponent in the 1932 presidential election. Roosevelt led the implementation of the New Deal, a series of programs designed to provide relief, recovery, and reform to Americans and the American economy during the Great Depression. He also presided over a realignment that made his New Deal Coalition of labor unions, big city machines, white ethnics, African Americans, and rural white Southerners dominant in national politics until the 1960s and defined modern American liberalism.

During his first hundred days in office, Roosevelt spearheaded unprecedented major legislation and issued a profusion of executive orders. The Emergency Banking Act helped put an end to a run on banks, while the 1933 Banking Act and the Securities Exchange Act of 1934 provided major reforms in the financial sector. To provide relief to unemployed workers, Roosevelt presided over the establishment of several agencies, including the Civilian Conservation Corps, the Public Works Administration, and the Federal Emergency Relief Administration. The Roosevelt administration established the Agricultural Adjustment Administration to implement new policies designed to prevent agricultural overproduction. It also established several agencies, most notably the National Recovery Administration, to reform the industrial sector, though it lasted only two years.

Presidential elections were held in the United States on November 8, 1932. Against the backdrop of the Great Depression, the Republican ticket of incumbent President Herbert Hoover and incumbent Vice President Charles Curtis were defeated in a landslide by the Democratic ticket of Franklin D. Roosevelt, the governor of New York and John Nance Garner, the Speaker of the House. This realigning election marked the effective end of the Fourth Party System, which had been dominated by Republicans, and the beginning of an era of Democratic dominance under the New Deal coalition.

Despite disastrous economic conditions due to the Great Depression, Hoover faced little opposition at the 1932 Republican National Convention. Roosevelt was widely considered the front-runner at the start of the 1932 Democratic National Convention, but was not able to clinch the nomination until the fourth ballot of the convention. The Democratic convention chose a leading Southern Democrat, Speaker of the House John Nance Garner of Texas, as the party's vice presidential nominee. Roosevelt united the party, campaigning on the failures of the Hoover administration. He promised recovery with a "New Deal" for the American people.

The Tennessee Valley Authority (TVA) is a federally-owned electric utility corporation in the United States. TVA's service area covers all of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small areas of Georgia, North Carolina, and Virginia. While owned by the federal government, TVA receives no taxpayer funding and operates similarly to a private for-profit company. It is headquartered in Knoxville, Tennessee, and is the sixth-largest power supplier and largest public utility in the country.

The TVA was created by Congress in 1933 as part of President Franklin D. Roosevelt's New Deal. Its initial purpose was to provide navigation, flood control, electricity generation, fertilizer manufacturing, regional planning, and economic development to the Tennessee Valley, a region that had suffered from lack of infrastructure and even more extensive poverty during the Great Depression than other regions of the nation. TVA was envisioned both as a power supplier and a regional economic development agency that would work to help modernize the region's economy and society. It later evolved primarily into an electric utility. It was the first large regional planning agency of the U.S. federal government, and remains the largest.