Term Papers on Roosevelt

Term Paper Title	Roosevelt
# of Words	904
# of Pages (250 words per page double spaced)	3.62

Roosevelt

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 organizations devoted to forming jobs and in turn
helping the economy. One of those organizations was the
Civilian Conservation Corps. This corps took men off the
streets and paid them to plant forests and drain swamps.
Another of these organizations was the Public Works
Administration. This organization employed men to build
highways and public buildings. These were only some of the
organizations dedicated to creating jobs. Creating jobs was
important because it put money in the hands of the
consumer. This directly affected the supply and demand. The
more money they had the more they could spend. This
would slowly start a chain reaction and bring the economy
back to the way it was before the depression. By the end of
the 1930's this plan had lowered unemployment to 17.2%.
To make these organizations it was 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 obtain this money. Of course these ideas of supply
and demand and active government didn't just come to him.
He was influenced by John Maynard Keynes and John
Stuart Mill. There philosophies were the basis of the New
Deal. John Stuart Mill, who began studying economics at
age 13, was one of the most influential political thinkers of
the mid-Victorian period. He believed in empiricism and
utilitarianism. Empiricism is the belief that legitimate
knowledge comes only from experience. Utilitarianism is the
belief by which things are judged right or wrong. It is judged
according to their consequences. In a way he was a
hypocrite. When the economy was good he believed in
Laisezz-Faire, which means "hands off." If the economy was
bad, though, he believed in an extended role of government.
Th...

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