what idea from keynesian economics did president franklin d roosevelt put into practice to help the nation recover from the great depression

THE NEW DEAL. 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.

Answer Link

amniotecardamom amniotecardamom · Answer 2 · 2019-06-03T14:11:09+02:00

Answer:

New Deal

Explanation:

The Great Depression of the 1930s was the largest recession in history and its causes were overproduction of goods and the expansion of unbridled credit by banks.

Initially President Herbert Hoover chose not to intervene. Meanwhile, with the escalating damage from the crisis, the president has taken some punctual measures to combat the Great Depression, such as providing minimal social assistance and regulating the market. However, Hoover also took measures that worsened the Great Depression, such as raising taxes and increasing tariffs. As a consequence, other nations also impacted by the crisis have adopted measures of protectionism, worsening the situation of international trade and the economy as a whole.

The Great Depression was overcome with the plan of succeeding president Hoover, Franklin Roosevelt. This plan was called the New Deal, and it was inspired by economist John Keynes's unorthodox economic policy ideas. The New Deal consisted of expanding government spending on social protection, job creation, and reforming the American economic and governmental system.