"I pledge you, I pledge myself, to a new deal for the American people." In July 1932, FRANKLIN DELANO ROOSEVELT said these words to the delegates at the Democratic National Convention, who had just elected him the party's candidate for president of the United States.
Roosevelt's New Deal was a response to the tumultuous events of the years leading to his nomination. After WORLD WAR I, the people of the United States experienced unprecedented prosperity. Consumers of all income levels were buying...
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