The Impact of Keynesian Theory on Roosevelts New Deal :: Economy

The Impact of Keynesian Theory on Roosevelts New get off The crash of the stock market brought many hard times. Franklin D. Roosevelts New Deal was a way to fix these times. John Stuart Mill and John Maynard Keynes were two economists whose frugal theories greatly influenced and helped Franklin D.Roosevelt devise a plan to rescue the United States from the GreatDepression it had fallen into. John Stuart Mill was a strongbeliever of spread out government, which the New Deal provided.John Maynard Keynes believed in supply and demand, which the NewDeal used to stabilize the economy. Franklin D. RooseveltsNew Deal is the plan that brought the U.S. out of the GreatDepression. It was sometimes thought to be an improvised plan,but was actually very thought out. Roosevelt was not afraid toinvolve the central government in addressing the economic problem.The base plan was to stimulate the economy by creating jobs. FirstRoosevelt tried to help the economy with the Nat ional RecoveryAdministration. The NRA spread work and reduced unfair war-ridden practices by cooperation in industry. Eventually the NRA was declared unconstitutional. Franklin D. Roosevelt then needed a new plan. Keeping the same idea of creating jobs he made many another(prenominal) organizations devoted to forming jobs and in turn helping the economy. One of those organizations was the Civilian Conservation Corps. This corps took men off the streets and paid them to plant forests and drain swamps. Another of these organizations was the universal Works Administration. This organization employed men to build highways and public buildings. These were only some of the organizations dedicated to creating jobs. Creating jobs was important because it put money in the hands of the consumer. This right off affected the supply and