Question

What was FDR’s guiding philosophy?

Answer 1

FDR did not have a concrete plan to tackle the economic depression he inherited from President Hoover. His guiding philosophy was his New Deal to implement the three Rs of recovery, relief, and reform. He offered a policy of experimentation; he believed that if a method failed, the best way out was to “admit it frankly and try another.”

Answer 2

Keynesian or pump priming philosophy, In other words, money should be held in the working class of the people. Their spending would set the pace for the economy because it would then determine how businesses and companies would set new demands and needs for the new hired workers. This was controversial and interesting because it was exactly the opposite of the previous Republican model of "Trickle Down economics"