Franklin D. Roosevelt and the New Deal, 1932-1940
Who is Franklin D. Roosevelt from Franklin D. Roosevelt and the New Deal, 1932-1940 and what is their importance?
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Roosevelt was the democratic candidate in 1932. Roosevelt had been governor of New York and had created programs like unemployment relief and welfare. A popular view of the man was that he lacked conviction. He straddled the issue of liquor and gave in to William Randolph Hearst about opposing US acceptance of the League of Nations. In spite of this, Roosevelt won the biggest victory any candidate had had at that time in history. In many situations, he may have appeared uncertain, but he knew what he wanted and that is what he worked for.
Roosevelt became president at the worst time in US history. The Great Depression was more severe than any the country had had. The traditional programs were ineffective and Roosevelt embarked on a new kind of program, known collectively as the New Deal. These programs resulted in massive deficit spending, which pumped money into the economy and helped it recover from the Great Depression. Roosevelt and his administration were feeling their way with these programs and trying to cure a desperate situation. There was no economic blueprint or proscribed method for dealing with these problems.
Roosevelt was bold enough to try something new, which turned out to be the deficit spending programs recommended by Keynes. Roosevelt is remembered for being the president who brought the nation out of the Great Depression with his New Deal programs.
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