Neal Deal, Alphabet Agencies, John Maynard Keynes
- New deal- roosevelts plan
- Make work projects- such as interstate and hoover dam near las vegas, dams up Colorado river generates a lot of energy. Government had to pay for it.
- To be done in the first 100 days of FDR’s admin
- Following John Maynard Keynes economical theories
- Building of the interstates such as hoover dam (which put 100’s of thousands people to work).
- Definite financing by gov.
- Have to spend money to make money
- Have to have debt to get out of debt
- Alphabet agencies
- Tva – Tennessee valley Authority
- Fca- Farm Credit Association
- Nra- National Recovery Administration
- Ccc- Civil Conservation Corps
- Aaa- Agricultural Adjustment Act
- John Maynard Keynes
- British economist
- Gov’s should spend their way out of depression
- Borrow money to be repaid after economy recovers
- Deficit Financing
- Projects should be of value to country
- Went against Adam Smith’s theories
- USA, Japan and Hitler’s Germany all use this with success.
- Isolationism (politically really weren’t isolationists except staying out of league of nations)
- Still limited immigration especially from Asia (aspect of racism) social form
- High tariffs – economic form
- Does not guarantee any European agreements (America feels she is a peace loving nation, unlike Europe)
- 1933 USA formally recognizes Stalin’s Russia
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