BEGINNER

The New Deal

MARCH 14, 2013

"The New Deal" is the name of series of legislative initiatives between 1933 and 1938 which greatly expanded governments role in the economy with . FDR helped create agencies like the, National Recovery Administration, Civilian Conservation Corps, the Works Progress Administration, Securities and Exchange Commission, the National Labor Relations Board in order to reinvigorate the economy. Despite FDR’s intentions, New Deal programs had the opposite effect. The government out-competed the private sector for resources while creating many jobs for which there was no consumer demand. This not only harmed existing businesses, but caused what economic historian Robert Higgs calls regime uncertainty as entrepreneurs refrained from starting new projects since they could not appropriately anticipate the effects of future government interventions.

 

Burt and Anita Folsom - FDR, the New Deal, and the Expansion of Federal Power (Reason TV)

 

Burt Folsom - FDR and the Great Depression

FDR and the Great Depression from FEE on Vimeo.

Related Freeman Articles

BOOK REVIEW

FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression

Why Did New Deal Spending Fail to Lift the American Economy?

JULY 06, 2010 by BURTON FOLSOM

OUR ECONOMIC PAST

The New Deal and the State and Local Governments

Today's Larger and More Centralized Government Began with the Great Depression

MARCH 01, 2008 by ROBERT HIGGS

BOOK REVIEW

Roosevelt, the Great Depression, and the Economics of Recovery

A Useful Account of the New Deal That Rises Above the Usual Flattery of FDR and His Followers

JULY 01, 2007 by BURTON FOLSOM

By Elliot A. Rosen Reviewed by Burton Folsom, Jr.

OUR ECONOMIC PAST

Death by Public Works

Government Negligence Killed 256 Men in a 1935 New Deal Project in the Florida Keys

MARCH 01, 2007 by BURTON FOLSOM

BOOK REVIEW

Three New Deals: Reflections on Roosevelt's America, Mussolini's Italy, and Hitler's Germany, 1933–1939

JANUARY 01, 2007

By Wolfgang Schivelbusch Reviewed by Richard M. Ebeling

ONLINE EVENTS

FEE offers live online events for people new to the economic, ethical, and legal principles of a free society.

CURRENT ISSUE

October 2014

Heavily-armed police and their supporters will tell you they need all those armored trucks and heavy guns. It's a dangerous job, not least because Americans have so many guns. But the numbers just don't support these claims: Policing is safer than ever--and it's safer than a lot of common jobs by comparison. Daniel Bier has the analysis. Plus, Iain Murray and Wendy McElroy look at how the Feds are recruiting more and more Americans to do their policework for them.
Download Free PDF

PAST ISSUES

SUBSCRIBE

RENEW YOUR SUBSCRIPTION

img E-mail Subscription

VIEW PRIVACY POLICY