The New Deal - America's Original Bailout Plan

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 ...