New Deal

is, along with the American Revolution and the American Civil War, the 'Third American Revolution'.

Other liberal historians such as Carl Degler in Out of Our Past (1959) took the argument a step further. Degler claimed that in addition to American Revolution (1775-1783) and the American Civil War (1861-1865), the Roosevelt administration brought on a 'Third American Revolution.'

is responsible for a reformed capitalism whereby the power of businesses had finally been constrained by the regulation of public interests.

Historian Arthur M. Schlesinger argued in the The Age of Roosevelt (1957) that the New Deal created a reformed capitalism. He maintained that the power of businesses had finally been constrained by the regulation of public interests.

is responsible for having entrenched big government and for having made government an enemy of the hard-working entrepreneur.

To convince his audience that liberals and hippies are to blame for the financial depredations of the last 20 years, Bannon trots out conservative economist like Amity Schlaes and Arthur Brooks, who have long argued that the New Deal didn't save the American economy but simply entrenched big government and made it an enemy of the hard-working entrepreneur or, as Schlaes phrases it, anticipating Trump, 'the man who pays, the man who prays, the man who is not thought of, the forgotten man.'

Ronald Radosh argued that the New Deal helped enhance the power of capitalism.

new deal, n.Definitions

new deal