Would you agree that deficit financing was a huge factor for Roosevelt’s New Deal?





please explain your answer.... This is for a history essay. (I won't copy your words!) I'm just trying to make sure I'm heading the right direction with this



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2 Answers to “Would you agree that deficit financing was a huge factor for Roosevelt’s New Deal?”

  1. maandag says:

    Not nearly as much as most people think The deficit never exceeded 5% of GDP which is about what was in the 1980′s and and most of the increase occurred before Roosevelt became president because of the decrease in government revenues. [external link] …

  2. WI-BANK says:

    yes – isn’t this fact?I know that in 1937 he was convinced to cut spending (by deficit hawks) and unemployment shot up.