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===The 1930s: Liberalism ascendant===
 
===The 1930s: Liberalism ascendant===
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Deflationary policies initiated by the Federal Reserve led to a depression (1929-1934) under President Hoover. In 1933, President Franklin Roosevelt, a Democrat, wisely allowed a banking panic to run its course. A recovery of historic proportions followed, and liberalism received the credit. Roosevelt was overwhelmingly reelected in 1936 with a huge Congressional majority. In 1937, America suffered under its most left-wing government ever. There was a wave a labor unrest as the unions attempted to use "sit-down" strikes to gain control of industry. As a result, the economy slipped into a "Roosevelt depression" (1937-1938). At the end of the year, southern Democrats defected from Roosevelt's coalition to form the "Conservative Coalition" with Republicans and the "Second New Deal" was aborted. The Coalition was at first led by Senator Josiah W. Bailey of North Carolina, who issued a "[[Conservative Manifesto]]" in December. In U.S. Senate, Vice President [[John Nance Garner]] caste a crucial vote against enlarging the Supreme Court with additional justices nominated by Roosevelt. In the 1938, Roosevelt tried unsuccessfully to purge the conservative Democrats who had defeated him. The Conservative Coalition dominated Congress until 1961. Despite Roosevelt's mismanagement of the economy, the Democrats continued to win elections by blaming Hoover.
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Deflationary policies initiated by the Federal Reserve led to a depression (1929-1934) under President Hoover. In 1933, President Franklin Roosevelt, a Democrat, wisely allowed a banking panic to run its course. A recovery of historic proportions followed, and liberalism received the credit. Roosevelt was overwhelmingly reelected in 1936 with a huge Congressional majority. In 1937, America suffered under its most left-wing government ever. There was a wave a labor unrest as the unions attempted to use "sit-down" strikes to gain control of industry. As a result, the economy slipped into a "Roosevelt depression" (1937-1938). At the end of the year, southern Democrats defected from Roosevelt's coalition to form the "Conservative Coalition" with Republicans and the "Second New Deal" was aborted. The Coalition was at first led by Senator Josiah W. Bailey of North Carolina, who issued a "[[Conservative Manifesto]]" in December 1937. In U.S. Senate, Vice President [[John Nance Garner]] caste a crucial vote against enlarging the Supreme Court with additional justices nominated by Roosevelt. In the 1938, Roosevelt tried unsuccessfully to purge the conservative Democrats who had defeated him. The Conservative Coalition dominated Congress until 1961. Despite Roosevelt's mismanagement of the economy, the Democrats continued to win elections by blaming Hoover.
    
==References==
 
==References==
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