| | [[Image:Flatgrowth.JPG|thumb|300px|right|Real Output and Growth remained stagnant throughout the New Deal largely due to government involvement. The Depression came back with a vengeance in 1937-1938 because of the [[economic planner]]s over emphasis on consumption, and deemphasis and persecution of producers--the people who make the economy work. <br>''Source:New Deal Policies and the Persistence of the Great Depression.''<ref>''New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis, ''Harold L. Cole and Lee E. Ohanian, Journal of Political Economy, volume 112 (2004), pages 779–816.</ref>]] | | [[Image:Flatgrowth.JPG|thumb|300px|right|Real Output and Growth remained stagnant throughout the New Deal largely due to government involvement. The Depression came back with a vengeance in 1937-1938 because of the [[economic planner]]s over emphasis on consumption, and deemphasis and persecution of producers--the people who make the economy work. <br>''Source:New Deal Policies and the Persistence of the Great Depression.''<ref>''New Deal Policies and the Persistence of the Great Depression: A General Equilibrium Analysis, ''Harold L. Cole and Lee E. Ohanian, Journal of Political Economy, volume 112 (2004), pages 779–816.</ref>]] |
| − | FDR is also famous for his [[New Deal]], a set of [[Communist]] experiments that were instilled in the hope of ending the [[Great Depression]] and increasing government's role in society. Despite the New Deal after many years unemployment was finally brought down to reasonable levels as World War II began and the draft opened up more opportunities for people to move into the workforce. [[Economic growth]] was generally occurring, but the nation wasn't back on its feet until the war progressed. | + | FDR is also famous for his [[New Deal]], a set of [[economic planning]] experiments that were instilled in the hope of ending the [[Great Depression]]. After many years, unemployment was finally brought down to reasonable levels as World War II began and the draft opened up more opportunities for people to move into the workforce. [[Economic growth]] was generally occurring, but the nation wasn't back on its feet until the war progressed. |
| | Enforcement of the [[Anti-trust Act]] was considered as an essential instrument to prevent [[cartel]]s and trusts in restraint of trade which had been viewed as deadly to the system of [[free enterprise]]. On the campaign trail Roosevelt called loudly for its strict enforcement. Yet immediately upon Roosevelt's accession to office the Anti-trust Act was suspended in order to cartelize every industry in America on the Italian [[fascist]] corporative model. <ref>''The Roosevelt Myth'', John T. Flynn, Fox and Wilkes, 1948, Book 1, Chapter 4, [http://www.rooseveltmyth.com/cgi-bin/framed/2767/book/fdrmyth_Chapter_Four___The_New_New_Deal.htm ''The New New Deal''].</ref> The National Recovery Act (NRA) and the [[Agricultural Adjustment Act]] (AAA) were plans to take the whole industrial and agricultural life of the country under the wing of the government, organize it into vast farm and industrial cartels, as they were called in Germany, cooperatives as they were called in Italy, and operate business and farms by economic planning schemes dictated and carried out under the supervision of government. It is also worth noting that World War II was total warfare on both sides. Even the Allied Powers such as the British took control of the nation's economy. Such intervention was very much necessary in order to gain every advantage possible against the enemy. Centralized planning allowed for greater efficiency, yet some civil liberties were suppressed in the effort. <ref>http://www.winstonchurchill.org/i4a/pages/index.cfm?pageid=420</ref> | | Enforcement of the [[Anti-trust Act]] was considered as an essential instrument to prevent [[cartel]]s and trusts in restraint of trade which had been viewed as deadly to the system of [[free enterprise]]. On the campaign trail Roosevelt called loudly for its strict enforcement. Yet immediately upon Roosevelt's accession to office the Anti-trust Act was suspended in order to cartelize every industry in America on the Italian [[fascist]] corporative model. <ref>''The Roosevelt Myth'', John T. Flynn, Fox and Wilkes, 1948, Book 1, Chapter 4, [http://www.rooseveltmyth.com/cgi-bin/framed/2767/book/fdrmyth_Chapter_Four___The_New_New_Deal.htm ''The New New Deal''].</ref> The National Recovery Act (NRA) and the [[Agricultural Adjustment Act]] (AAA) were plans to take the whole industrial and agricultural life of the country under the wing of the government, organize it into vast farm and industrial cartels, as they were called in Germany, cooperatives as they were called in Italy, and operate business and farms by economic planning schemes dictated and carried out under the supervision of government. It is also worth noting that World War II was total warfare on both sides. Even the Allied Powers such as the British took control of the nation's economy. Such intervention was very much necessary in order to gain every advantage possible against the enemy. Centralized planning allowed for greater efficiency, yet some civil liberties were suppressed in the effort. <ref>http://www.winstonchurchill.org/i4a/pages/index.cfm?pageid=420</ref> |