The Great Depression was a watershed in American history. Soon after Herbert Hoover assumed the presidency in 1929, the economy began to decline, and between 1930 and 1933 the contraction assumed catastrophic proportions never experienced before or since in the United States. Disgusted by Hoover’s inability to stem the collapse, in 1932 the voters elected Franklin Delano Roosevelt, along with a heavily Democratic Congress, and set in motion the radical restructuring of government’s role in the economy known as the New Deal.
With few exceptions, historians have taken a positive view of the New Deal. They have generally praised such measures as the massive relief programs for the unemployed; the expanded federal regulation of agriculture, industry, finance, and labor relations; the establishment of a legal minimum wage; and the creation of Social Security with its old-age pensions, unemployment insurance, and income supplements for dependent children in single-parent families, the aged poor, the physically handicapped, and the blind. In the construction of the American regulatory and welfare state, no one looms larger than FDR.
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Economia
The Mythology of Roosevelt and the New Deal
Also published in The Freeman
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Causas da Grande Depressão Hoover and Roosevelt − The 1920s was a period of healthy economic growth until President Herbert Hoover instituted anti-market, anti-globalization, anti-immigration, and pro-cartelization policies, Edward Prescott...
- Os Três Grandes Mitos Sobre A Grande Depressão
Historian Stephen Davies names three persistent myths about the Great Depression. Myth #1: Herbert Hoover was a laissez-faire president, and it was his lack of action that lead to an economic collapse. Davies argues that in fact, Hoover was a very interventionist...
- David Stockman Sobre A Grande Depressão
That the New Deal had virtually nothing to do with modern Keynesian theories of countercyclical demand management is crucial to understanding the nation’s present economic deformations. Contrary to the claims of unreconstructed Keynesians like Professor...
- Entenda A Grande Depressão
The Hoover-Roosevelt Depression Revisited Mises Daily: Tuesday, May 07, 2013 by John P. Cochran This year is the fiftieth anniversary of Murray Rothbard’s America’s Great Depression. In that work, Rothbard masterfully achieves three objectives. ...
- Grande Depressão
Franklin Delano Roosevelt, presidente dos Estados Unidos 1933-1945 "... didn’t know what to do about the Great Depression he inherited from Herbert Hoover, so he tried everything. He hiked taxes, spent more money, established monopolies, enforced cartels,...
Economia
A mitologia do "new deal"
The Mythology of Roosevelt and the New Deal
Also published in The Freeman
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- Lições Da Grande Depressão
Causas da Grande Depressão Hoover and Roosevelt − The 1920s was a period of healthy economic growth until President Herbert Hoover instituted anti-market, anti-globalization, anti-immigration, and pro-cartelization policies, Edward Prescott...
- Os Três Grandes Mitos Sobre A Grande Depressão
Historian Stephen Davies names three persistent myths about the Great Depression. Myth #1: Herbert Hoover was a laissez-faire president, and it was his lack of action that lead to an economic collapse. Davies argues that in fact, Hoover was a very interventionist...
- David Stockman Sobre A Grande Depressão
That the New Deal had virtually nothing to do with modern Keynesian theories of countercyclical demand management is crucial to understanding the nation’s present economic deformations. Contrary to the claims of unreconstructed Keynesians like Professor...
- Entenda A Grande Depressão
The Hoover-Roosevelt Depression Revisited Mises Daily: Tuesday, May 07, 2013 by John P. Cochran This year is the fiftieth anniversary of Murray Rothbard’s America’s Great Depression. In that work, Rothbard masterfully achieves three objectives. ...
- Grande Depressão
Franklin Delano Roosevelt, presidente dos Estados Unidos 1933-1945 "... didn’t know what to do about the Great Depression he inherited from Herbert Hoover, so he tried everything. He hiked taxes, spent more money, established monopolies, enforced cartels,...