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New Deal Funding: Estimates of Federal Grants and Loans across States by Year, 1930–1940

Research in Economic History

ISBN: 978-1-78441-782-6, eISBN: 978-1-78441-781-9

Publication date: 22 April 2015


During the 1930s Franklin Roosevelt’s New Deal created a wide range of spending and loan programs. Brief descriptions are provided for the programs created by the New Deal and loan and spending programs that were in place before the New Deal. I worked with others to create a panel data set with estimates of the spending and lending by the programs each year from 1930 through 1940. The data aggregated to broad categories are reported here and the methods and sources used to construct the estimates of the spending and lending for the categories are discussed.




The research has been funded by National Science Foundation Grants Nos. SES-1061927, SES-0921732, SES 0617972, and SES 0214483, and funds from the University of Arizona Economics Department. The discussion here does not reflect the views of any of these funding agencies. My deepest gratitude is owed to John Wallis, Shawn Kantor, Valentina, Kachanovskaya, and an army of undergraduate research assistants. All errors are the authors’ own.


Fishback, P. (2015), "New Deal Funding: Estimates of Federal Grants and Loans across States by Year, 1930–1940", Research in Economic History (Research in Economic History, Vol. 31), Emerald Group Publishing Limited, Leeds, pp. 41-109.



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