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| The '''New Deal''' was Franklin D. Roosevelt's program of state-led industrial recovery, social provision, and class compromise (1933–1945) — the high-water mark of the American System tradition and proof that America's own political tradition, imported Marxism aside, contained the resources for socializing the economy.
| | #REDIRECT [[Franklin D. Roosevelt]] |
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| == Content ==
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| * Financial regulation (Glass-Steagall, SEC), deposit insurance, abandonment of the gold standard.
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| * Mass public works and infrastructure: TVA, WPA, CCC, Hoover Dam, rural electrification.
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| * Labor rights (Wagner Act, 1935): the legal foundation of industrial unionism; union density tripled.
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| * Social Security (1935); wartime wage-price controls and the military-industrial mobilization that ended the Depression.
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| == Infrared reading ==
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| Infrared claims the New Deal as '''American socialism avant la lettre''' — not a betrayal of capitalism but its sublation by the American state tradition of Hamilton, Clay, and Lincoln (the [[American System]] of protective tariffs, national banking, and internal improvements). FDR himself said in 1944 that true liberty required an "Economic Bill of Rights." The post-war settlement — high wages, strong unions, industrial peace — was the closest Anglo-America came to class peace until the neoliberal counter-revolution dismantled it from the 1970s onward.
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| The lesson Haz draws: the American people accept and demand economic patriotism and social provision when it is presented in American idiom. The task is not to import a foreign ideology but to complete what the New Deal started under conditions of monopoly decay (see [[Corporate Socialism under FDR]], [[Left-Conservatism]]).
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| == See also ==
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| * [[Corporate Socialism under FDR]]
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| * [[Housing crisis]]
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| == References ==
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| <references/>
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| [[Category:American politics]][[Category:Economics]][[Category:History]]
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