This paper argues that the social legislation of Roosevelt ‘s New Deal Policies was contradictory and designed for agricultural recovery & cooperation within industry to promote economic recovery.
President Franklin D. Roosevelt’s numerous policies and plans do not belong to any specific political or economic philosophy. Most of them emphasized the subordination of private interests to collective interests, through increased power and authority of the federal government. The New Deal was designed to stimulate economic recovery by promoting cooperation within agriculture and industry.
Relationships between income distribution, government spending, and savings and investments were not understood prior to the stock market crash. President Hoover did not regard many national problems as proper areas of federal action; in a competitive market, the economic system was thought to be adequately self-regulating by the free movement of prices in response to supply and demand. John Maynard Keynes did not …
Relationships between income distribution, government spending, and savings and investments were not understood prior to the stock market crash. President Hoover did not regard many national problems as proper areas of federal action; in a competitive market, the economic system was thought to be adequately self-regulating by the free movement of prices in response to supply and demand. John Maynard Keynes did not …