Publication Date

3-19-2025

Document Type

Working Paper

Advisor

Professor John Hall

Journal of Economic Literature Classification Codes

H53, N42, P16

Key Words

American Economic History, Franklin D. Roosevelt, John Maynard Keynes, Laissez-faire, New Deal Policies

Abstract

This inquiry seeks to establish that what were widely known and recognized as Franklin Roosevelt’s distinct ‘New Deal’ policies sought to offset some of the disruptive effects associated with the ending of Laissez-faire. Roosevelt’s upbringing, education, as well as his entry into the political sphere¾ starting out in New York State¾helped to shape the economic thinking that would later provide a foundation for what would become his New Deal policies advanced by his administration during the years of the Great Depression. Actions and policies indicative of Roosevelt’s policy thrust also align with arguments presented by the British economist, John Maynard Keynes, and that appeared in his 1926 essay The End of Laissez-faire. In this essay Keynes recognized and addressed conflicting interests of the public and private sectors.

Rights

Copyright 2025 by Amanda F. Worman

This work is licensed under Creative Commons Attribution-NonCommercial 4.0 International.

Persistent Identifier

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