Did the New Deal involve the government for the first time, in the national economy? Was that significant? If so how.© BrainMass Inc. brainmass.com March 4, 2021, 7:54 pm ad1c9bdddf
The New Deal was Franklin Delano Roosevelt's response to the Great Depression. FDR recognized that the depression was just as much a crisis of confidence as an economic crisis. In the New Deal, FDR promoted Keynesian economics as the future of the American Economics. Keynesian economics, developed by John Maynard Keynes, is the idea of an economy influenced and controlled by both the government and the ...
The solution answers questions such as: 1) What was the New Deal? 2) Why was it implemented? 3)Was it successful? and 4) What effects do we still see today from the New Deal?