How Roosevelt And His New Deal Prolonged The Great Depression

How Roosevelt And His New Deal Prolonged The Great Depression The traditional view of Franklin D. Roosevelt is that he motivated and helped the United States during the â€Å"Great Depression† and was a great president, however, as time has passed, economist historians have begun analyzing Roosevelt’s presidency. Many have concluded that he did not help America during the Great Depression but instead amplified and prolonged the depression. Jim Powell wrote about FDR economic policies and did an excellent job explaining Roosevelt’s incompetent initiatives. Roosevelt did not know anything about economics and his advisors made everything worse by admiring the Soviet Union. Franklin D. Roosevelt attended Harvard University and then Columbia†¦show more content†¦One policy would create jobs and another one would increase taxes. Franklin D. Roosevelt hired advisors called the â€Å"Brain Trust.† Many of his advisors were graduates from top universities in the United States, such as Harvard, Yale, University of Chicago, and Columbia. All of his advisors were successful in their careers as business people or lawyers, leaving one to wonder why they could not solve the problems of the Great Depression. The National Recovery Administration was created by Franklin D. Roosevelt as part of the New Deal policies. The National Recovery Administration increased the prices of manufactured goods. It hurt the farmers that needed to buy tools and equipment. As they did not have the money to buy the taxed equipment, they could not do their job. It was a detriment both the consumers and the companies. â€Å"New Deal spending was supposed to stimulate the economy, but New Deal taxing depressed the economy.† The National Recovery Administration was a monopoly controlled by big business. The United States Supreme Court killed the NRA because it was un-constitutional, but it was replaced by other agencies â€Å"The U.S. Supreme court struck down the NRA and a number of other early New Deal measures for violating the Constitution.† The agency that replaced the National Recovery Administration was the Public Work Agency. It was supposed to fix the mistakes from the National Recovery Administration, but it did not. The Public Work Agency was financed by theShow MoreRelatedFdr s Folly : How Roosevelt And His New Deal Prolonged The Great Depression1366 Words   |  6 PagesIn FDR’s Folly: How Roosevelt and His New Deal Prolonged the Great Depression, Jim Powell discusses how Roosevelt’s New Deal actually prolonged the Great Depression and made it significantly worse economically for the people in the 1930s United States. 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