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New Deal

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Abstract

US President Franklin Roosevelt’s New Deal created the most dramatic peacetime expansion of government in American economic history. It established the basic structures for modern federal/state social welfare programmes, farm programmes, labour policies, regulations of many industries, and government insurance of deposits and mortgages. Roosevelt experimented with a cartel-like industrial policy that was declared unconstitutional by the Supreme Court. The emergency public works and relief programmes built a large number of roads, dams, and other public works, and employed millions of labourers. Recent studies suggest that the impact of the New Deal varied greatly by programme.

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  1. http://link.springer.com/referencework/10.1057/978-1-349-95189-5

    Price V. Fishback

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Fishback, P.V. (2018). New Deal. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2554

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