The New Deal
- Make work projects
- To be done in the first 100 days of FDR's admin
- Following John Maynard Keynes economical theories- People spend money to provide more jobs, creating a stronger economy
- Building of the Interstates, Hoover Damn (1930's hand labour, several hundred deaths but put people to work during the depression) etc.
- 1939-1941: US not in war but are providing war materials = more jobs
- When pearl harbour occurs, employment rises because war leads to jobs and mean went off to war
- To be done in the first 100 days of FDR's admin
- Following John Maynard Keynes economical theories- People spend money to provide more jobs, creating a stronger economy
- Building of the Interstates, Hoover Damn (1930's hand labour, several hundred deaths but put people to work during the depression) etc.
- 1939-1941: US not in war but are providing war materials = more jobs
- When pearl harbour occurs, employment rises because war leads to jobs and mean went off to war
"I pledge you, I pledge myself, to a new deal for the American people."
- Franklin D. Roosevelt, accepting the Democratic Party nomination for President, 193225
- Franklin D. Roosevelt, accepting the Democratic Party nomination for President, 193225
Summary
Followed by John Maynard Keynes economic theory, The New Deal introduced the idea of people spending money which provided more jobs creating a stronger economy. Created Interstates and Hoover Dam.