How was the us governments responses to the Great Depression different after Franklin d Roosevelts election as president than it

Question

BARSIC [14]

3 years ago

6

How was the us governments responses to the Great Depression different after Franklin d Roosevelts election as president than it

was before?

History

1 answer:

TiliK225 [7] · Answer 1 · 2022-05-09T06:10:06+03:00

Answer is D: By the time Roosevelt took the US presidency in 1933, he had in effect become a premiere and devote Keynesian, in other words: a defendant of the most prominent idea of government spending during a recession.

The difference on economic policy became clear with the creation of The New Deal, a program based philosophically on Keynes’ theory. As a result, altough recovery from the Great Depression is attributed to many factors, President Roosevelt’s implementation of some Keynesian economic ideas was one of the cornerstones in that concern.