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==First and Second New Deals==

==First and Second New Deals==

Historians distinguish between the "First New Deal" of 1933, which had something for almost every group, and the "Second New Deal" (1935–36), which introduced class conflict, especially between business and labor unions.  The First New Deal (1933-34) included many "alphabet agencies", notably ([[AAA]], [[CCC]], [[FERA]], CWA, [[FHA]]<ref>see [http://www.fha.com/fha_loans.cfm Federal Housing Administration]</ref>, [[FDIC]]<Ref> See [http://www.fdic.gov/ FDIC - Federal Deposit Insurance Corporation]</ref>, [[NRA]], [[PWA]], [[TVA]], [[SEC]]<ref>See [http://www.sec.gov/about/whatwedo.shtml SEC - U.S. Securities and Exchange Commission]</ref>.  

Historians distinguish between the "First New Deal" of 1933, which had something for almost every group, and the "Second New Deal" (1935–36), which introduced [[class conflict]], especially between business and labor unions.  The First New Deal (1933-34) included many "alphabet agencies", notably ([[AAA]], [[CCC]], [[FERA]], CWA, [[FHA]]<ref>see [http://www.fha.com/fha_loans.cfm Federal Housing Administration]</ref>, [[FDIC]]<Ref> See [http://www.fdic.gov/ FDIC - Federal Deposit Insurance Corporation]</ref>, [[NRA]], [[PWA]], [[TVA]], [[SEC]]<ref>See [http://www.sec.gov/about/whatwedo.shtml SEC - U.S. Securities and Exchange Commission]</ref>.  

The Second New Deal, started in 1934-35 included the [[WPA]], a giant relief agency, and Social Security<ref>  See [http://www.ssa.gov/history/history.html SSA - Social Security History]</ref>, as well as the [[NLRA]] or "Wagner Act" that promoted rapid growth of labor unions. The opponents of the New Deal, complaining of the cost and the shift of power to Washington, stopped its expansion by 1937, and abolished many of its programs by 1943. The Supreme Court ruled several programs unconstitutional (some parts of them were soon replaced, except for the NRA). The main New Deal programs still in existence today are Social Security the [[Federal Deposit Insurance Corporation]] (FDIC) and the [[Securities and Exchange Commission]] (SEC) which regulates Wall Street.<ref> Other major programs that still exist under their original names include the, the [[Federal Housing Administration]] (FHA)[http://www.fha.com/fha_loans.cfm Federal Housing Administration]and the [[Tennessee Valley Authority]] (TVA)[http://www.tva.gov/abouttva/history.htm TVA]</ref>.

The Second New Deal, started in 1934-35 included the [[WPA]], a giant relief agency, and Social Security<ref>  See [http://www.ssa.gov/history/history.html SSA - Social Security History]</ref>, as well as the [[NLRA]] or "Wagner Act" that promoted rapid growth of labor unions. The opponents of the New Deal, complaining of the cost and the shift of power to Washington, stopped its expansion by 1937, and abolished many of its programs by 1943. The Supreme Court ruled several programs unconstitutional (some parts of them were soon replaced, except for the NRA). The main New Deal programs still in existence today are Social Security the [[Federal Deposit Insurance Corporation]] (FDIC) and the [[Securities and Exchange Commission]] (SEC) which regulates Wall Street.<ref> Other major programs that still exist under their original names include the, the [[Federal Housing Administration]] (FHA)[http://www.fha.com/fha_loans.cfm Federal Housing Administration]and the [[Tennessee Valley Authority]] (TVA)[http://www.tva.gov/abouttva/history.htm TVA]</ref>.

[[File:Newdealstamp.png|thumb|280px|1998 US stamp celebrates alphabet agencies of New Deal]]

[[File:Newdealstamp.png|thumb|280px|1998 US stamp celebrates alphabet agencies of New Deal]]

The New Deal faced some very vocal [[American conservatism|conservative]] opposition. The first organized opposition in 1934 came from the [[American Liberty League]] led by Democrats such as 1924 and 1928 presidential candidates [[John W. Davis]] and [[Al Smith]]. There was also  a large loose grouping of opponents of the New Deal who have come to be known as the [[Old Right (United States)|Old Right]] which included politicians, intellectuals, writers, and newspaper editors of various philosophical persuasions including [[classical liberals]], conservatives, Democrats and Republicans.

The New Deal faced some very vocal [[American conservatism|conservative]] opposition. The first organized opposition in 1934 came from the [[American Liberty League]] led by Democrats such as 1924 and 1928 presidential candidates [[John W. Davis]] and [[Al Smith]]. There was also  a large loose grouping of opponents of the New Deal who have come to be known as the [[Old Right (United States)|Old Right]] which included politicians, intellectuals, writers, and newspaper editors of various philosophical persuasions including classical liberals, conservatives, Democrats and Republicans.

===World Comparisons===

===World Comparisons===