Papers > History > Economist Prelude To Economic Recovery
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Economist Prelude To Economic Recovery
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... Keynes, Rex Tugwell, and Harry Hopkins all influenced Roosevelt in such a way that it changed the economic policies of government and business forever. The change is seen in the progression of the president’s attitude toward deficit financing, reform and recovery and the results of change are seen at the end of Roosevelt’s fourth term in office. ... ” (1) Barber went on to say Roosevelt provided economists an opportunity to develop their ideas and in short, created a “laboratory affording economists an opportunity to make hands-on contact with the world of events” (2) creating an arena of learning and understanding in economic matters. ... ” Dated December 16, 1933, the letter reflected on Recovery and Reform, specifically the Gold Reserve Act, the National Industrial Recovery Act (N. ... In fact, the Rooseveltian years came to be known as a “watershed in economic policy and in economic thinking. ... In this meeting, Tugwell would explore possibilities of an agreement on a recovery program, which would be acceptable to the government and stress the point that “no one must starve,” and that the budget was a secondary affair. ... The irony, however, was that when Roosevelt finally opened up to the economist viewpoint and began spending for WW2 that he had previously rejected during the New Deal, the economy returned to normal. ... The structural information given to him by Keynes and the brain trust was indeed invaluable which is shown by the nations recovery from depression. ... The changes in Roosevelt’s attitude from not spending to spending huge amounts changed economic policy and government forever. The change is seen in the progression of the president’s attitude toward deficit financing, reform and recovery.
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Paper Information
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Title: Economist Prelude To Economic Recovery
Words: 1418
Rating: None
Pages: 5.7
submitted by: toshiba2
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