NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

What Was New About the New Deal?

Price V. Fishback, John Joseph Wallis

NBER Working Paper No. 18271
Issued in August 2012
NBER Program(s):   DAE

During the presidential election of 1932 Franklin Roosevelt promised a New Deal for the American people. Our goal is to describe the changes wrought by the New Deal. To what extent did the New Deal expand existing programs? What new programs were created at all levels of government? How did the Federal government take over programs that had previously been the responsibility of state and local governments? We then survey the recent research that examines the impact of the programs. Finally, why did some programs persist and others fail?

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Document Object Identifier (DOI): 10.3386/w18271

Published: “What Was New About the New Deal?” The Great Depression of the 1930s: Lessons for Today, edited by Nicolas Crafts and Peter Fearon. Oxford, England: Oxford University Press, 2013, with John Joseph Wallis, pp. 290-327.

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