To What Extent Did Franklin D. Roosevelt's Use Of The Keynesian Economic Theory
327 Words2 Pages
Franklin D. Roosevelt’s use of the Keynesian Economic Theory was highly appropriate during the Great Depression in the 1930s. Herbert Hoover, began implementing government programs to help pull the U.S. out of the Depression, but when Roosevelt came into office, his New Deal programs were much more aggressive in their tenacity to pull America from its economic slump. Roosevelt funded countless New Deal programs to better American lives, such as the Tennessee Valley Authority, which brought much-needed electric to an area floundering in ruin. These federally funded programs implement the main idea of the Keynesian theory, which is to pump money into the economy in order to inflate the currency, thus propelling the economy into prosperity once