Particularly in the past decade or so, New Deal scholarship has taken a new turn, and the period after the mid-1950s has received substantial scrutiny and significant rethinking. Standard accounts of Franklin D. Roosevelt's presidency have long held that the New Deal was essentially a product of Roosevelt's first term, of the “First New Deal” of 1933 and the “Second New Deal” of 1935. Legislative stalemate, program consolidation and sometimes reduction, and attention to foreign and military affairs then marked the remainder of Roosevelt's presidency. A new and interdisciplinary literature, however, has demonstrated that the later New Deal of FDR's second and third terms was more distinctive and more important than the established view suggests. There has developed an understanding that from 1937 on the New Deal entered an important new phase, a third stage—that there was a “Third New Deal” crucial to understanding the New Deal and the direction of liberal policy and the American state.
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