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FDR's new deal was completely different from Obama's new deal. Roosevelt spent mostly on industry to create jobs, while seizing bankrupt banks under a chapter 11 of the US code. Obama is bailing out banks that are refusing to lend to industry like Goldman sachs. People call FDR a communist for seizing banks, but the fact is that he was doing what the United states code required him to do.
Reactionary Republicans claim that Roosevelt "prolonged the depression" with his spending plan, but what actually happened was the he momentarily gave in to the conservatives to "balance the budget", and cut spending. The economy immediately dipped and it took much longer to get out of the depression.
What else can I help you with?
This was Roosevelts experiment and the name given to his administration?
New Deal
What was Roosevelts response to the great depression?
He created the New Deal.
What was president roosevelts plan for economic recovery?
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How did roosevelts New Deal reflect keynes theories?
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Franklin Roosevelts policies for ending the depression became known as the?
The New Deal
What was roosevelts main aims and objectives throughout the new deal?
to improve condfidence, help those hardest hit, help the poor, the old, the ill etc and make a better America relief, recovery, reform
What was the goal of president roosevelts second new deal?
to address continuing economic problems with new reforms
What was the name of president Roosevelts big government spending and jobs program?
The New Deal
What term was used to describe roosevelts policies and how accurate was it?
Franklin Roosevelt's new policies were called the New Deal.
What was Franklin Delano Roosevelt's program of relief recovery and reform?
New deal apex
What was the purpose of the sec during roosevelts new deal?
The SEC regulated the stock marketduring the Great Depression.
Who was a native mississippian who was a key figure in presisdent Roosevelts new deal administration?
Ellen S. Woodward
