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Truman's economic policy sought to balance the federal budget through a combination of high taxes and limited spending; any budget surplus would be applied to the national debt. As the economy stalled, Truman in mid-1949 abandoned his hope for a balanced budget and gave some tax breaks to businesses.
Nov 21, 2023 · What was Harry S. Truman domestic policy? Harry Truman's domestic policy was a continuation of Roosevelt's. He sought greater government aid to the impoverished and African Americans.
In his first major address to Congress after taking office, Truman articulated a liberal domestic program, but his early domestic policy was dominated by post-war reconversion.
The Marshall Plan, named for his Secretary of State, stimulated spectacular economic recovery in war-torn western Europe. When the Russians blockaded the western sectors of Berlin in 1948, Truman...
The Fair Deal was a set of proposals put forward by U.S. President Harry S. Truman to Congress in 1945 and in his January 1949 State of the Union Address. More generally, the term characterizes the entire domestic agenda of the Truman administration, from 1945 to 1953.
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