Tuesday, Nov. 04, 2008

1932: A New Deal Dawns

In the most important election of the 20th century, Franklin Roosevelt's landslide win over President Herbert Hoover repudiated the prevailing conservative economic policies and set the stage for the New Deal initiatives that would start to lift the country out of the Great Depression. An alphabet soup of new agencies, including the Works Progress Administration (wpa) and the Tennessee Valley Authority (tva), boosted employment. Roosevelt's fireside chats — go ahead, call it spin — showcased his leadership and popularity. They would be sorely needed. The four-term President was vital to the Allied victory in World War II.