By Dr. David Reagan, Christ in Prophecy Blog—
The Socialist Party of America was founded in 1901. It received support from trade unionists, progressive social reformers, populist farmers, and various immigrant groups. But it never did well at the polls, particularly in presidential elections. And its staunch opposition to American involvement in World War I resulted in a large number of defections.
The best showing ever for a Socialist ticket was in 1912, when their candidate, Eugene Debs, received 901,551 total votes, or 6% of the popular vote. In 1920 Debs ran again, this time from prison, and received 913,693 votes, 3.4% of the total.
Socialism rebounded in the 1930s during the Great Depression under the leadership of Norman Thomas, but President Franklin Roosevelt’s New Deal policies, which introduced America to Welfare-Statism, prevented Socialism from gathering much steam. Later, the party’s opposition to American involvement in World War II cost it much of its support.
The party stopped running presidential candidates after 1956 when its nominee won fewer than 6,000 votes. The party decided, instead, to focus its efforts on educational programs. In the early 1970s the party splintered into three main groups, and the original party changed its name to Social Democrats, USA.
The Resurrection of Socialism in America
It was therefore startling to most people when Newsweek magazine proclaimed on the cover of its February 6, 2009 issue that “We Are All Socialists Now.” As proof, the magazine pointed to the fact that the U.S. government had already — under a conservative Republican administration — effectively nationalized the banking and mortgage industries. The writer of the cover article then asserted, “Whether we want to admit it or not…the America of 2009 is moving toward a modern European state.” Continue Reading….