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The New Deal: A Modern History

Average Rating 3.5
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  • Anonymous

    Posted April 29, 2014

    Gi Insight into the Minds of the FDR Administration (Brain Trust)

    I enjoyed this book, because it gave me insight into the characters and what was happening behind closed doors. FDR is a much different Democrat then what Democrats are today. FDR was more sensible and was grounded in some simple truths and beliefs. He meant well in his efforts, since this was uncharted territory for him and others facing the Great Depression. The question was what to do? Many of the solutions suggested and implement fell short of achieving their goals. Fortunately, there was push back from conservative Democrats and some Republicans. What struck me was the concern and awareness of the budget and national debt. Of course, there was spending from the Keynesian prospective, but nothing like today. The author suggested on two occasions some similarities with what President Obama has faced. I don't agree with this assertion, since I feel these two situations were entirely different and no way related, except to say there was a dramatic downturn in the economy. To get a real appreciation for the New Deal, one would have to read "FDR Follies" and "FDR Goes to War." Despite popular belief, WWII temporary shelved the New Deal and helped lift the American economy. It was not until after the war did the U.S. economy start to show real signs of recovery based on productivity (supply-side economics) vs Keynesian economics. Nevertheless, FDR was an honorable man and did what he belief was right at the time. In summary, government spending without a real understanding of how and why the economy works leads to failure.

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  • Anonymous

    Posted February 5, 2012

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