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A Dictionary of American History
Contents:
First New Deal
First New Deal The New Deal’s first phase began with the Hundred Days and lasted through 1934’s legislation. Its short-term goal was to provide relief and temporary work for the jobless while the Great Depression lasted. Its long-term objective was to restore prosperity by creating federal agencies to establish a proper balance among supply, demand, prices, and investment. The First New Deal attempted to replace unrestricted competition with a planned economy managed through voluntary cooperation by representatives from labor, business, and government. Its prototypical agencies were the Agricultural Adjustment Administration (AAA) and National Recovery Administration (NRA), which used production quotas and industry-wide regulatory codes to set business standards, govern competition in each economic sector, and cap output to match supply with demand.
Contents:
Chicago: Thomas L. Purvis, "First New Deal," A Dictionary of American History in A Dictionary of American History (Cambridge, Mass.: Blackwell Reference, 1995), Original Sources, accessed November 30, 2023, http://www.originalsources.com/Document.aspx?DocID=4LQYLNDMCJPVBK1.
MLA: Purvis, Thomas L. "First New Deal." A Dictionary of American History, in A Dictionary of American History, Cambridge, Mass., Blackwell Reference, 1995, Original Sources. 30 Nov. 2023. http://www.originalsources.com/Document.aspx?DocID=4LQYLNDMCJPVBK1.
Harvard: Purvis, TL, 'First New Deal' in A Dictionary of American History. cited in 1995, A Dictionary of American History, Blackwell Reference, Cambridge, Mass.. Original Sources, retrieved 30 November 2023, from http://www.originalsources.com/Document.aspx?DocID=4LQYLNDMCJPVBK1.
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