New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America
Description
In this shocking and groundbreaking new book, economic historian Burton Folsom, Jr., exposes the idyllic legend of Franklin D. Roosevelt as a myth of epic proportions. With questionable moral character and a vendetta against the business elite, Roosevelt created New Deal programs marked by inconsistent planning, wasteful spending, and opportunity for political gain-ultimately elevating public opinion of his administration but falling flat in achieving the economic revitalization that America so desperately needed from the Great Depression. Folsom takes a critical, revisionist look at Roosevelt's presidency, his economic policies, and his personal life.
Elected in 1932 on a buoyant tide of promises to balance the increasingly uncontrollable national budget and reduce the catastrophic unemployment rate, the charismatic thirty-second president not only neglected to pursue those goals, he made dramatic changes to federal programming that directly contradicted his campaign promises. Price fixing, court packing, regressive taxes, and patronism were all hidden inside the alphabet soup of his popular New Deal, putting a financial strain on the already suffering lower classes and discouraging the upper classes from taking business risks that potentially could have jostled national cash flow from dormancy. Many government programs that are widely used today have their seeds in the New Deal. Farm subsidies, minimum wage, and welfare, among others, all stifle economic growth-encouraging decreased productivity and exacerbating unemployment.
Roosevelt's imperious approach to the presidency changed American politics forever, and as he manipulated public opinion, American citizens became unwitting accomplices to the stilted economic growth of the 1930s. More than sixty years after FDR died in office, we still struggle with the damaging repercussions of his legacy.
Elected in 1932 on a buoyant tide of promises to balance the increasingly uncontrollable national budget and reduce the catastrophic unemployment rate, the charismatic thirty-second president not only neglected to pursue those goals, he made dramatic changes to federal programming that directly contradicted his campaign promises. Price fixing, court packing, regressive taxes, and patronism were all hidden inside the alphabet soup of his popular New Deal, putting a financial strain on the already suffering lower classes and discouraging the upper classes from taking business risks that potentially could have jostled national cash flow from dormancy. Many government programs that are widely used today have their seeds in the New Deal. Farm subsidies, minimum wage, and welfare, among others, all stifle economic growth-encouraging decreased productivity and exacerbating unemployment.
Roosevelt's imperious approach to the presidency changed American politics forever, and as he manipulated public opinion, American citizens became unwitting accomplices to the stilted economic growth of the 1930s. More than sixty years after FDR died in office, we still struggle with the damaging repercussions of his legacy.
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ISBN:
9781400192649
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Grouping Information
| Grouped Work ID | 0bebce23-baf1-b76f-02dd-6a2d8d80fa7d |
|---|---|
| Grouping Title | new deal or raw deal how fdrs economic legacy has damaged america |
| Grouping Author | burton w folsom jr |
| Grouping Category | book |
| Grouping Language | English (eng) |
| Last Grouping Update | 2023-03-27 03:51:40AM |
| Last Indexed | 2023-03-27 04:13:52AM |
Solr Fields
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author
Folsom, Jr., Burton W.
author_display
Folsom, Jr., Burton W.
available_at_addison
Online OverDrive Collection
detailed_location_addison
Online OverDrive Collection
display_description
In this shocking and groundbreaking new book, economic historian Burton Folsom, Jr., exposes the idyllic legend of Franklin D. Roosevelt as a myth of epic proportions. With questionable moral character and a vendetta against the business elite, Roosevelt created New Deal programs marked by inconsistent planning, wasteful spending, and opportunity for political gain-ultimately elevating public opinion of his administration but falling flat in achieving the economic revitalization that America so desperately needed from the Great Depression. Folsom takes a critical, revisionist look at Roosevelt's presidency, his economic policies, and his personal life. Elected in 1932 on a buoyant tide of promises to balance the increasingly uncontrollable national budget and reduce the catastrophic unemployment rate, the charismatic thirty-second president not only neglected to pursue those goals, he made dramatic changes to federal programming that directly contradicted his campaign promises. Price fixing, court packing, regressive taxes, and patronism were all hidden inside the alphabet soup of his popular New Deal, putting a financial strain on the already suffering lower classes and discouraging the upper classes from taking business risks that potentially could have jostled national cash flow from dormancy. Many government programs that are widely used today have their seeds in the New Deal. Farm subsidies, minimum wage, and welfare, among others, all stifle economic growth-encouraging decreased productivity and exacerbating unemployment. Roosevelt's imperious approach to the presidency changed American politics forever, and as he manipulated public opinion, American citizens became unwitting accomplices to the stilted economic growth of the 1930s. More than sixty years after FDR died in office, we still struggle with the damaging repercussions of his legacy.
format_addison
eAudiobook
format_category_addison
Audio Books
eBook
eBook
id
0bebce23-baf1-b76f-02dd-6a2d8d80fa7d
isbn
9781400192649
last_indexed
2023-03-27T09:13:52.936Z
lexile_score
-1
literary_form
Non Fiction
literary_form_full
Non Fiction
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Online OverDrive
owning_library_addison
Addison Public Library Online
owning_location_addison
Online OverDrive Collection
primary_isbn
9781400192649
publishDate
2009
publisher
Tantor Media, Inc.
recordtype
grouped_work
title_display
New Deal or Raw Deal? How FDR's Economic Legacy Has Damaged America
title_full
New Deal or Raw Deal? How FDR's Economic Legacy Has Damaged America
title_short
New Deal or Raw Deal?
title_sub
How FDR's Economic Legacy Has Damaged America
topic_facet
Business
Nonfiction
Nonfiction
Solr Details Tables
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record_details
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