Question

How did Roosevelt propose that the nation's business sector should be managed?

Answer 1

Proposal of Roosevelt regarding the management of nation's business sector

By and during 1900s, the corporate consolidation of the nation’s business had extensively disrupted the effectiveness of market in allocating resources, provision of equitable shares and distribution of opportunities in the market.

The interstate and the global nature of the activities of market had made the state administratively incapable of effectively looking into the nation’s financial and industrial issues so as to rectify the imbalances that were existent.

One of the main contributions of Roosevelt was that he persuaded the country about the federal responsibility of the regulations of the country’s business and economy. It was his proposition that the federal should manage the country’s economy.