National Recovery Act
John Maynard Keynes
Using government spending to increase purchasing power and stimulate the economy during the Great Depression.
One major way President Franklin Roosevelt's New Deal sought to combat the effects of the Great Depression was through the establishment of various programs aimed at economic recovery and social relief. Initiatives like the Civilian Conservation Corps (CCC) and the Works Progress Administration (WPA) created millions of jobs, while the Social Security Act provided financial assistance to the elderly and unemployed. These measures aimed to stimulate the economy, reduce unemployment, and provide a safety net for vulnerable populations, ultimately revitalizing public confidence in the government’s ability to manage the crisis.
The Mellon tax plan, implemented in the 1920s, aimed to stimulate the economy by reducing taxes for individuals and businesses. While it contributed to economic growth during the latter part of the decade, it did not directly bring the nation out of the Great Depression, which began in 1929. The economic downturn was exacerbated by a variety of factors, including stock market speculation, bank failures, and declining consumer confidence. Ultimately, it was the New Deal policies introduced by Franklin D. Roosevelt in the 1930s that played a more significant role in addressing the economic crisis.
An alcoholic beverage can stimulate the appetite of an elderly person who isn't eating enough.
they help stimulate the local economy
they help stimulate the local economy
Businesses spend more and increase employment.
create employment and stimulate economy as they have to pay a fee to the government.
supply-side economics
privatized some government-owned businesses
went ham and then nationalized most private businesses.
supply-side Economics
supply-side Economics
John Maynard Keynes
Using government spending to increase purchasing power and stimulate the economy during the Great Depression.
The New Deal was President Franklin Roosevelt's response to the Great Depression. It was designed to relieve the worst effects of the depression, stimulate the economy, and restore Americans' confidence in banks and other institutions.