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Keynesian Theory and the New Deal

The crash of the stock market brought many hard times. Franklin D. Roosevelt's New Deal was a way to fix these times. John Stuart Mill and John Maynard Keynes were two economists whose economic theories greatly influenced and helped Franklin D. Roosevelt devise a p ....

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.... Works Administration. This organization employed men to build highways and public buildings. These were only some of the organizations dedicated to creating jobs. Creating jobs was important because it put money in the hands of the consumer. This directly affected the supply and demand. The more money they had the more they could spend. This would slowly start a chain reaction and bring the economy back to the way it was before the depression. By the end of the 1930's this plan had l ....

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