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Keynesian Theory And The New Deal
Part one of term paper
The crash of the stock market brought many hard times.
Franklin D. Roosevelt's New Deal was a way to fix these times. John
Stuart Mill and John Maynard Keynes were two economists whose
economic theories greatly influenced and helped Franklin D.
Roosevelt devise a plan to rescue the United States from the Great
Depression i ...
Part two of term paper ... to be an improvised plan,
but was actually very thought out. Roosevelt was not afraid to
involve the central government in addressing the economic problem.
The basic plan was to stimulate the economy by creating jobs. First
Roosevelt tried to help the economy with the National Recovery
Administration. The NRA spread work and reduced unfair competitive
practices by cooperation in industry. Eventually the NRA was declared
unconstitutional. Franklin D. Roosevelt then needed a new plan. ...
Word count: 985 | Approximate pages: 4
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