President Franklin Delano Roosevelt s New Deal - 1364 Words

When people think of President Franklin Delano Roosevelt, they see a President that inherited a horrible economy and turned it around through his popular New Deal. He also led us through a World War. However, when different perspectives are taken into account, Roosevelt’s New Deal wasn’t the economic restorer that it is thought to be. The New Deal actually hindered the United States’ recovery. The New Deal prolonged the Great Depression because the New Deal inhibited the private sector, it drove up prices, and it caused higher spending and did not fix unemployment. When looking at the New Deal, the most glaring flaw is that the New Deal inhibited the growth of the private sector. This was accomplished by limiting competition, restricting the amount of workers, and limiting industrial output. The limiting of competition can be seen in the failure of the National Industrial Recovery Act. In his book, New Deal or Raw Deal?, Burton Folsom points out that the National Industrial Recovery Act allowed corporations to come together to set prices for an industry. However, when a certain price is set for an entire industry, competition becomes next to impossible. If businesses know that all prices are the same across the board, there is no incentive to continue to innovate. The process hurts corporations and inhibits the free market. Roosevelt’s National Industrial Recovery Act removed the competition and innovation from private sector businesses and that made recovery much moreShow MoreRelatedFranklin Delano Roosevelts Presidency Essay1190 Words   |  5 PagesFranklin Delano Roosevelt was our nations thirty second president. Unlike all the other presidents Franklin Delano Roosevelt was elected for four consecutive terms. However he died in the first year of his fourth term. During his prolonged presidency Franklin Delano Roosevelt did many incredible things as our Nations leader. He pulled us out of the great depression, dealt with civil ri ghts issues, created many reforms for our nation including the twenty-first amendment, handled the attack on PearlRead MorePresident Lincoln And George Washington846 Words   |  4 Pagesdetermination, and an enormous amount of leadership. Presidents devote countless hours of their time for the betterment of our nation. Because of this, presidents like Abraham Lincoln and George Washington who lead America through some of the toughest times, are deeply admired by people then and now. One president who rescued America out of its most desperate times stands out among many other of our nation s leaders. Franklin Delano Roosevelt had a difficult life that gave him the opportunity toRead MoreAnalysis Of Franklin Delano Roosevelt s Life And Education1717 Words   |  7 PagesBody of Research Franklin Delano Roosevelt was born January 30, 1882 in Hyde Park, New York as an only child to a rich couple. â€Å"Franklin’s family had been prominent for several generations, having made their fortune in real estate and trade. Roosevelt was the only child of James Roosevelt and Sara Ann Delano Roosevelt. The family lived at Springwood, their estate in the Hudson River Valley in New York State.†(Biography.com Editors, pg.1).As previously inquired, the fact that Roosevelt had been bornRead MoreFranklin Delano Roosevelt s Life And Education1592 Words   |  7 PagesFranklin Delano Roosevelt was born January 30, 1882 in Hyde Park, New York as an only child to a rich couple. â€Å"Franklin’s family had been prominent for several generations, having made their fortune in real estate and trade. 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The family inhabited Springwood, their domain in the Hudson River Valley in New York State. While growing up, Franklin Roosevelt was encompassed by benefit and a feeling of pomposity. He was instructed by guides and tutors until age 14Read MoreThe Great Depression And The Dust Bowl1197 Words   |  5 Pages The New Deal In the year following the Roaring 20s, the United States had a major economic crisis along with the Dust Bowl that affected many of the american people, but if Franklin D. Roosevelt had not saved the economy with the New Deal, the economy would have never truly recovered. The Great Depression and The Dust Bowl The Great Depression was the longest economic recession in the history of the United States. The recession started in the summer of 1929 when stock prices began to rise and alsoRead MoreFranklin D. Roosevelt was born on January 30, 1882 in the Hudson Valley town of Hyde Park, New600 Words   |  3 Pages Franklin D. Roosevelt was born on January 30, 1882 in the Hudson Valley town of Hyde Park, New York. The parents of Franklin D. Roosevelt were James Roosevelt and Sara Delano Roosevelt. Both of his parents had a wealthy past. His parents shaped his personality and has a large part of making him who he is. Roosevelt had a much older stepbrother from James Roosevelt’s side of the family. Although he was not very close to his half-brother, he gained financial support from his stepbrother when he neededRead MoreFranklin Roosevelt And The Making Of Modern America1707 Words   |  7 Pages the book, Franklin D. Roosevelt and the Making of Modern America, the entire life of Frankli n Delano Roosevelt (FDR) is told. This book includes all aspects of the former democratic Presidents life, from his parent’s life, his education, his life before presidency, his time in office, and his death. James Roosevelt s father Isaac, became wealthy through trading real estate, dried goods, and West Indian Sugar. James Roosevelt, like his father, grew up respectably wealthy near the banks of the Hudson