FDR's New Deal ideas for ending the Great Depression were built on Progressive ideas supporting monopolies, the government's regulation of the economy, and programs to fix the social problems faced by the people. A. True B. False
This is false. FDR's New Deal ideas for ending the Great Depression were built primarily on government policies to alleviate the suffering of average Americans. FDR did not support monopolies.
President Roosevelt was following the economic advice of John Maynard Keynes (1883-1946). Keynes proposed that increasing government expenditures and lowering taxes would stimulate demand and pull the economy out of a state of depression. His approach sought to generate demand by having the government intervene to "jump start" economic activity. This differed from all the "belt-tightening" and restrictive approaches that others advocated. President Roosevelt's New Deal programs sought to put Keynesian economic theory into practice. Under the New Deal, many government programs were launched to attack the problems of the Depression. The focus was on fixing social and economic problems faced by the people.
