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The crash of the stock market brought many hard times. Franklin D. Roosevelt's New Deal was a way to fix these times. John Stuart Mill and John Maynard Keynes were two economists whose economic theories greatly influenced and helped Franklin D. Roosevelt devise a plan to rescue the United States from the Great Depression it had fallen into. John Stuart Mill was a strong believer of expanded government, which the New Deal provided. John Maynard Keynes believed in supply and demand, which the New Deal used to stabilize the economy. Franklin D. Roosevelt's New Deal is the plan that brought the U.S. out of the Great Depression. It was sometimes thought to be an improvised plan, but was actually very thought out. Roosevelt was not afraid to involve the central government in addressing the economic problem. The basic plan was to stimulate the economy by creating jobs. First Roosevelt tried to help the economy with the National Recovery Administration. The NRA spread work and reduced unfair competitive practices by cooperation in industry. Eventually the NRA was declared unconstitutional. Franklin D. Roosevelt then needed a new plan. Keeping the same idea of creating jobs he made many other
works of the two men. Franklin D. Roosevelt took these philosophies Laisezz-Faire, which means "hands off." If the economy was bad, economy back where it was before the crash of the stock market. In it had the government working directly to make jobs and fix the going to take money. Roosevelt had to deficit spend, which is when the government spends more than their budget in one year, in order to role of government. Mill gave Franklin D. Roosevelt the basis of the Empiricism is the belief that legitimate knowledge comes only from
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Approximate Word count = 990
Approximate Pages = 4 (250 words per page double spaced)
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